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$1,700,000

  • Sold
  • Closed
  • Retail
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****AMAZING CENTER-OF-TOWN INVESTMENT OPPORTUNITY *** Fully leased mixed-use building in New Hope's best Main Street retail location. Directly across from the Logan Inn and steps to the reknowned Bucks County Playhouse. Two doors down from the popular Ferry Market. Two retail spaces plus one 1-bedroom apartment. Six on-site parking spaces. Retail tenants enjoy tremendous foot traffic generated by surrounding restaurants, shops, theater, and riverfront promenade. Long-time main floor tenant operates successful New Hope Apparel Co. Ferry St tenant operates Alta's Kitchen, a French style gourmet cafe. One upstairs residential unit with beautiful architectural features and updated granite/stainless kitchen.... still plenty of rental upside with further renovation to take the unit to the next level. $117,000 of in-place building rents. A wonderful investment opportunity for long-term multi-generational hold in a 5-star location in New Hope's booming downtown. Call today before its too late.

Full Property Details for 40 S Main St

General

  • Sold For: $1,700,000
  • Taxes: $11,694 (2024)
  • Status: Closed
  • Type: Retail
  • Source: BrightMLSPhilly
  • MLS ID: PABU2070376
  • Added to Site: 620 day(s) ago

Business

  • Business Type: Other/General Retail, Apartment Building

Interior

  • Flooring: Carpet, Hardwood, Tile/Brick

Rooms

Bathrooms

  • Restrooms: 3

Parking

  • Total Spaces: 6
  • Parking Type: Parking Lot

Location

  • Area: New Hope Boro (10127)
  • Municipality: NEW HOPE BORO
  • County: Bucks
  • Driving Directions: Main & E. Ferry .... Directly across from Logan Inn.
  • Location Details: Downtown
  • Historic District: Yes

Heating & Cooling

  • Cooling Type: Ductless/Mini-Split, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Masonry, Wood Siding, Brick
  • Roof: Asphalt, Shingle
  • Stories/Levels: 3
  • Year Built: 1870
  • Year Built Source: Assessor
  • Property Condition: Very Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,554
  • Lot Size Source: Assessor
  • Lot Dimensions: 33.00 x 138.00
  • Lot Features: Corner
  • Zoning: CC
  • Lot Description: Corner

Financial Considerations

  • Price Per Sq. Ft.: $566.27
  • Assessment Year: 2024
  • School Tax: $8,737
  • City/TownTax: $1,038
  • City/TownTax Freq: Annually
  • County Tax: $1,918
  • County Tax Freq: Annually
  • Tax w/Assessment: $75,400
  • Tax Amount: $11,694
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes
  • Lot Number: 140

Listed by Addison Wolfe Real Estate, Gregory J Dwornikowski
Sold by Keller Williams Real Estate-Doylestown, James E Briggs

Listing agent

— 40 S Main St —

  • Gregory J Dwornikowski

    Addison Wolfe Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 40 S Main St

School District:New Hope-Solebury School District
NameGradesDistance
New Hope-Solebury Upper El School
186 West Bridge Street, New Hope, PA 18938
3-50.5 mi
New Hope-Solebury Lower El School
3020 North Sugan Road, Solebury, PA 18963
K-23.3 mi
New Hope-Solebury Middle School
184 West Bridge Street, New Hope, PA 18938
6-80.5 mi
New Hope-Solebury High School
182 West Bridge Street, New Hope, PA 18938
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40 S Main St

Date
Details
Price
Change
Source
9/12/2024
Sold
$1,700,000
-8.11%
MLS
8/04/2024
Price Reduced
$1,850,000
-7.27%
MLS
5/30/2024
Listed
$1,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Addison Wolfe Real Estate, Gregory J Dwornikowski
Sold by Keller Williams Real Estate-Doylestown, James E Briggs

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40 S Main Street, New Hope, PA 18938 (MLS# PABU2070376) is a Retail property that was sold at $1,700,000 on September 12, 2024. Want to learn more about 40 S Main Street? Do you have questions about finding other Retail real estate for sale in New Hope? You can browse all New Hope real estate or contact a Coldwell Banker agent to request more information.