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793 Penns Park Rd

5,200 SF 100% Leased Office Building Newtown, PA 18940 $1,495,000 ($288/SF)

Investment Highlights

  • Office / retail site
  • Total building area of 5,200 SF±
  • Corner location with beautiful, manicured grounds
  • 2 parcels w/combined land area of 2.9 AC±
  • Distinctive features throughout
  • VC-1 & VR-1 zoning district

Executive Summary

SVN is pleased to present a unique, multi-building, 3 acre corner property in prominent Newtown, Wrightstown Township, PA. The primary building is approximately 3,696 SF± and the secondary building is approximately 1,504 SF± for a total of 5,200 SF±. Filled with character and historic ambiance, the property is located at the intersection of Second Street Pike and Penns Park Road. The property offers a stately presentation comprised of historic significance with modern relevance. Originally built circa 1740 and extended over time, the property offers a turn-key set up with versatile floor plans which accommodate many potential uses. Distinctive features throughout and great signage opportunity. This highly visible and accessible location has ample parking and convenient access to major connecting routes.
The site is located in Penns Park historic district in Wrightstown Township, Bucks County, PA. It is located directly across from The Gathering, a village-like campus offering various amenities, including restaurants and service oriented businesses. Local retailers and points of interest include The Tavern At Penns Park, The Fancy Fig Café, Penns Crossing, Wrightstown Medical Center and Pennsylvania School of Performing Art. Minutes from historic Newtown, Upper Makefield, Buckingham and Doylestown.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,200 SF
Building Class
C
Year Built
1988
Price
$1,495,000
Price Per SF
$288
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,600 SF
Building FAR
0.04
Land Acres
2.90 AC
Zoning
VC-1 & VR-1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
53-014-027
Land Assessment
$24,800
Improvements Assessment
$51,280
Total Assessment
$76,080
  • Listing ID: 29411408

  • Date on Market: 8/31/2023

  • Last Updated:

  • Address: 793 Penns Park Rd, Newtown, PA 18940

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