Mixed-Use Property On S. State Street Listed At $1.5M

NEWTOWN, PA -- A mixed-use property on S. State Street near the Starbucks has recently been listed for sale. The asking price is $1.495 million. It has more than 2,800 square-foot of retail space, with a 3-4 bedroom apartment above.

• Address: 103 S State St, Newtown, Pennsylvania
• Price: $1,495,000
• Square Feet:
• Bedrooms: 4
• Bathrooms: 3 Baths
• Built: 1795
• Features: SVN Ahia Commercial Real Estate is pleased to present a truly exceptional retail investment opportunity in the Heart of Historic Newtown Boro, Bucks County, Pennsylvania. The property offers a stately presentation in an uncompromising environment with both historic significance and modern relevance. Originally built circa 1795 and expanded over time, this free-standing mixed-use property features over 2,800 square feet of prime retail space on the main level (presently home to a well-established florist, est. 1960) and a 3-4 bedroom apartment above, offering Tenants access to an incomparable downtown living experience. The Historic Torbert House is positioned adjacent to two National Credit Tenants (Starbucks and Athleta) and proximate to the iconic Steepleview project - a $100MM redevelopment project which is underway in the Borough of Newtown (Phase 1 is complete). Once completed, the project will be the largest in the Borough's history. Two additional National Credit Tenants have committed to the project (Banana Republic & Francesca's). The site is situated in the Newtown Borough 'Town Center' (TC) zoning district, which allows for a variety of uses by right. The demographics and foot traffic for a successful retail business are in place. This offering represents a unique and truly extraordinary opportunity to establish a business in the center of Newtown Borough's retail renaissance.

This listing originally appeared on realtor.com. For more information and photos, click here.