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103 S State St
2,220 SF of Retail Space Available in Newtown, PA 18940
HIGHLIGHTS
- Convenient access to Philadelphia, New Jersey and New York
- Large street-front display windows
- In immediate proximity to various national credit tenants (Starbucks, Athleta, Bluemercury)
- Minutes to major redevelopment site delivering luxury apartments, national retailers, additional parking and public piazza
- Near signalized intersection
- Walking distance to fine dining, restaurants and specialty retail
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RENT
- SERVICE TYPE
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 2,220 SF | Negotiable | £27.84 /SF/PA £2.32 /SF/MO £61,794 /PA £5,150 /MO | Modified Gross |
1st Floor
SVN is pleased to present one of Newtown Borough’s premier retail spaces, located just steps from one of the town’s key intersections. The building offers stately presentation in an uncompromising environment and demonstrates the ideal cross section of historic significance and modern relevance. Originally built circa 1795 and fully renovated in 2024, the free-standing mixed-use property features over 2,200 square feet of prime retail space on the ground floor, complete with large street-front display windows and prominent signage. Situated in Newtown Borough's Town Center (TC) zoning district, the property allows for a variety of uses by right.
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 103 S STATE ST , NEWTOWN, PA 18940
| Total Space Available | 2,220 SF | Gross Internal Area | 3,862 SF |
| Property Type | Retail | Year Built | 1795 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 2,220 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Internal Area | 3,862 SF |
| Year Built | 1795 |
ABOUT THE PROPERTY
Located in Newtown Borough, a vibrant area renowned for its eclectic shopping, fine dining, and cultural attractions, this property is surrounded by notable retailers such as Starbucks, Athleta, and Bluemercury. It is also situated near the iconic Steeple View project, a nine-acre redevelopment in the heart of Newtown Borough. With Phase 1 complete, the project will feature 88 luxury apartments, a public piazza, a greenway trail, and more. Additionally, the property offers excellent regional connectivity, being just a 30-minute drive from both Princeton and Philadelphia, and a 90-minute drive from New York City.
NEARBY MAJOR RETAILERS
CONTACTS
-
Chichi E. Ahia, SIOR -
Monika Polakevic, CCIM -
SVN Ahia Commercial Real Estate
Presented by
103 S State St
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