Address
6522 Lower York Road, New Hope, PA
Price
$ 2,500,000
Property Attributes
- MLS#PABU2063338
- TypeCommercial
- CountyBUCKS
- CityNew Hope
- AreaSolebury Twp
- Zip18938
- StyleRestaurant/Bar,Banquet Facility/Lodge
- Year Built1950
- Taxes$ 18496
- Price$ 2,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4950
- Lot Size1.24 Acres
Data Source:
Bright MLS
Property Description
New Hope Family Restaurant -- available for the first time since 1963 ! This prime highway-front location just outside historic, downtown New Hope, PA on the river border with New Jersey, this 188 seat (max) restaurant has been a staple of the greater Central Bucks County area for generations and is a prime location for a restaurant OR MANY OTHER APPROVED USES. Having sustained an owner-operator for an entire career, and later decades of successful tenants, this one-of-a-kind location is ready for its next steward. Bring your talents to the only eating establishment of its kind for miles, with ample parking in excess of 88 cars, 2 driveways, 18,000 average daily traffic count, 280' of highway frontage, and an iconic large pole sign which draws the eyes and stands out amongst the adjacent businesses. No local competition, with strong area income demographics, the building could lend itself easily to another style of eating place, and has a history of hosting small parties/events in some of its partitioned dining rooms. Close to the bridge to New Jersey and popular commuting highways, including the primary route to I-78 and Northern NJ/NYC and I-295 to Philadelphia/Southern NJ and points South. Beat the mortgage market with Seller Financing available at competitive rates! Also available for Lease.
| Price History | |
|---|---|
| 1/13/2024 | Listed $3,200,000 |
| 2/13/2024 | 10% - $2,900,000 |
| 3/7/2024 | 6% - $2,750,000 |
| 4/9/2024 | 10% - $2,500,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | 31-60 Days CD,61-90 Days CD |
| Zoning | TNC |
| Construction Materials | Frame,Mixed |
| Year Built | 1950 |
| Property SubType | Retail |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Restaurant/Bar,Banquet Facility/Lodge |
| Accessibility | Ramp - Main Level |
| County | BUCKS |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Property Use | Owner User |
| Transportation | Bus Stop less than 1 mile |
| Status | ACTIVE |
| Directions | From downtown New Hope/New Jersey,take SR 202 ( Lower York Rd ) South past the Logan Square shopping center to Property on Left (South side of highway) |
| ModificationTimestamp | 2024-04-29T22:01:19 |
| City | NEW HOPE |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Traditional Neighborhood Commercial district of Solebury Township |
| MLS Area | Solebury Twp (10141) |
| Lot Size Square Feet | 54014.40 |
| Tax Assessed Value | 114400.0 |
| Waterfront Y/N | No |
| Street Name | LOWER YORK |
| Tax Annual Amount | 18496.0 |
| Price Per Sq Ft | 426.55 |
| Acceptable Financing | Seller Financing,Conventional,Cash |
| Lease Considered Y/N | Yes |
| Vacation Rental Y/N | No |
| Days on Market | 110 |
| Location Type | Highway |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 135 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | ROAD |
| Central Air Y/N | Yes |
Exterior Features
| Parking Features | Private,Handicap Parking |
|---|---|
| Water Source | Well |
| Inclusions | FF&E as built |
| Total Parking Spaces | 88 |
| Type of Parking | Parking Lot |
| Land Use Code | 4281 |
| Water View Y/N | No |
| Building Area Total | 5861.00 |
| Lot Dimensions | 280.00 x 240.00 |
| Lot Size Acres | 1.24 |
| Road Surface Type | US Highway/Interstate |
| Road Frontage Length | 280 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Road Responsibility | State |
| Land Assessed Value | 31040.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Estimated |
| Car Parking Spaces | 88 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 18938
Price
Taxes
Visits
Year Built
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