$1,875,000
$1,950,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
0.35 Acres Lot
SOLD DATE : 01/31/2023
Key Details
Sold Price $1,875,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PABU2038254
Sold Date 01/31/23
Originating Board BRIGHT
Year Built 1904
Annual Tax Amount $11,974
Tax Year 2022
Lot Size 0.355 Acres
Acres 0.35
Lot Dimensions 99.00 x 156.00
Property Description
Available for the first time in over 50 years, “South Main” is the essence of iconic, quintessential New Hope and always ready to amaze you. A once-in-a-generation opportunity to own this mixed-use commercial/residential landmark prominently located in the heart of downtown New Hope. Comprising of 3 retail stores, 1 restaurant; all with an outdoor display room, a separate 2-unit residential building on Waterloo St., a large private parking lot, all-in-one parcel, this property’s unique features and impressive income stream are difficult to replicate. This is a particular opportunity for an investor or owner operator seeking a superior hedge against market volatility. South Main enjoys prime visibility and high traffic, right across from Havana’s restaurant and bar. Comprising of a few iconic stores of New Hope, Sav'aged Design, Suzie's Hot Sauce, Nina's Waffles & Ice Cream and Smooth Roots, while the rear features a detached (c.a.2009) building with 2 apartments, which is elevated and facing the river. Each unit has its own garage. This property enjoys a 100% occupancy track record, low taxes and moderate operating expenses. Become a part of the booming growth of New Hope Borough.
Photos legend: Unit 1 retail, Unit 2 retail, Unit 3 restaurant, Unit 4 retail, Unit 5 apartment, unit6 apartment
Location
State PA
County Bucks
Area New Hope Boro (10127)
Zoning CC
Interior
Hot Water Electric
Cooling Other
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 10.0
Waterfront N
Water Access N
Accessibility None
Parking Type Off Site, Private Garage
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools New Hope-Solebury Upper
Middle Schools New Hope-Solebury
High Schools New Hope-Solebury
School District New Hope-Solebury
Others
Tax ID 27-010-164
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Stephen G Darlington • BHHS Fox & Roach-New Hope