New Listing
12-20 W Bridge St,NEW HOPE, PA 18938
NEW HOPE, PA 18938
Description
A Rare Mixed-Use Investment in the Heart of New Hope Nine Units. Prime Downtown Location. Extensive Renovations. Exceptional Investment Potential. In a market where location is everything and opportunities of this caliber rarely become available, this exceptional mixed-use property offers investors the chance to acquire a significant piece of downtown New Hope. Prominently situated along one of the borough's most vibrant commercial corridors, the property features three street-level commercial storefronts and six residential apartments, combining established income streams, substantial recent capital improvements, and long-term investment potential in one of Bucks County's most desirable destinations. The commercial spaces enjoy prominent street frontage, excellent visibility, and consistent pedestrian activity, benefiting from New Hope's thriving mix of restaurants, galleries, boutiques, and year-round tourism. Established commercial tenants contribute to a diversified income profile, while the six residential apartments offer a desirable mix of one- to four-bedroom layouts in a highly sought-after rental market. Thoughtfully renovated with an emphasis on quality and long-term value, five of the six residential apartments have undergone extensive improvements, including updated kitchens and bathrooms, new flooring, modern lighting, upgraded appliances, and refreshed interior finishes. Select residences feature expansive, multi-level townhouse-style layouts, exposed brick, and private outdoor living spaces, creating a residential experience rarely found in traditional mixed-use investment properties. Significant capital has also been invested in the property's exterior and infrastructure, including exterior painting and maintenance, renovated common areas, new patios and decks, upgraded steps and footings, and roof improvements. These investments enhance the property's overall appeal while providing a strong foundation for continued ownership. Perhaps one of the property's most valuable and difficult-to-replicate features is its private rear parking lot. In the heart of downtown New Hope, where dedicated off-street parking is a premium amenity, this convenience provides a meaningful competitive advantage for both residential and commercial tenants. Just steps from the Delaware River and New Hope's celebrated dining, shopping, arts, and entertainment scene, the property offers the rare combination of an irreplaceable location, multiple income streams, and extensive recent improvements. For investors seeking a distinctive, income-producing asset in a premier Bucks County market, this is an opportunity to own real estate with enduring appeal and long-term potential.
Details
| MLS # | PABU2134324 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1800 |
| Days On Site | 1 |
| Listing Provided By | SERHANT PENNSYLVANIA LLC | Kylie Miller |
Features
| Zoning | CC |
|---|---|
| Acreage | 0.32 |
Interior
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
Exterior
| Construction Materials | Other, Frame |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Asphalt Driveway |
Utilities
| Utilities | Cable TV |
|---|
Taxes
| Tax Annual Amount | 21595 |
|---|
Area Information
| State | PA |
|---|---|
| County | BUCKS PA |
| City | NEW HOPE |
| Zip Code | 18938 |
| Area | New Hope Boro (10127) |
| Community Name | 000 |
| School District | NEW HOPE-SOLEBURY |
| Listing VS Median (in 000) | |
Price: $3,985,000 low | high Med: $619,950 On site: 1 low | high Med: 104.5 | |
Market Activity 18938
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Learn More About This Property
| State | PA |
|---|---|
| County | BUCKS PA |
| City | NEW HOPE |
| Zip Code | 18938 |
| Area | New Hope Boro (10127) |
| Community Name | 000 |
| School District | NEW HOPE-SOLEBURY |
| Listing VS Median (in 000) | |
Price: $3,985,000 low | high Med: $619,950 On site: 1 low | high Med: 104.5 | |
 | $3,985,00012-20 W Bridge StNew Hope, PA 18938 |
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