12-20 W BRIDGE STREET, NEW HOPE, PA 18938
BUCKS County
Key Facts
Description
An exceptional mixed-use investment opportunity in the heart of downtown New Hope. Prominently positioned along one of the borough's most visible commercial corridors, this fully renovated property consists of three commercial storefronts and six residential apartments, offering a rare combination of strong in-place income, recent capital improvements, and long-term upside in one of Bucks County's most sought-after destinations. The commercial component benefits from excellent street exposure, steady foot traffic, and established tenants, while the residential offerings include a desirable mix of one- to four-bedroom apartments that command strong rental demand. Five of the six residential units have undergone extensive recent renovations, including updated kitchens, bathrooms, flooring, lighting, appliances, and fresh interior finishes. Several units feature multi-level, luxurious townhouse-style layouts, exposed brick, and private outdoor spaces, further enhancing their appeal. Ownership has made substantial investments throughout the property, including exterior painting and maintenance, renovated common areas, new patios and decks, upgraded steps and footings, and roof improvements. A valuable private parking lot located behind the buildings provides a significant competitive advantage in downtown New Hope, where dedicated parking is increasingly difficult to secure. Residents and commercial tenants alike benefit from convenient off-street parking while remaining just steps from the town's renowned restaurants, galleries, boutiques, entertainment venues, and the Delaware River. With a diverse income stream, attractive tenant mix, extensive recent improvements, and an irreplaceable downtown location, this is a rare opportunity to acquire a high-performing investment asset in the center of New Hope, PA.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1800
Living Area
8,247 sq ft
Lot Size
0.32 acres
Lot Dimensions
0.00 x 0.00
Parking Spaces
15
Zoning
CC
Days on Market
4
MLS® Listing#
PABU2124120
Property Features
Cooling
Heating
Parking
Lot Features
Construction
Foundation
Sewer
Water Source
Schools
- District:
- NEW HOPE-SOLEBURY
Financial Details
Annual Taxes
$20,655
Tax year 2025
Assessed Value
$126,000
Parcel Number
27-010-028
Directions
Heading west on W Bridge Street from Main Street, property on the right.
Affordability Calculator
$797,000
Estimated monthly payment
$21,210/mo
Principal $3,188,000 · Est. interest $4,447,544 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in NEW HOPE, PA
- $256,522
- Median Listing Price
- 54
- Median Days on Market
- 1,944
- Median Sq Ft
- $161
- Median Price / Sq Ft
- 380
- Active Listings
- This home’s price is 1453% above the area median.
- Its price per sq ft is 201% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in NEW HOPE, PA.
Location
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Points of Interest in NEW HOPE, PA
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3014 COMFORT ROAD, NEW HOPE, PA | $2,795,000 | 4 | 5 | 4,819 |
| 5 GLEN EAGLES DRIVE, NEW HOPE, PA | $2,799,999 | 4 | 8 | 7,286 |
| 3605 WINDY BUSH ROAD, NEW HOPE, PA | $2,850,000 | 4 | 6 | 5,940 |
| 6230 SAW MILL ROAD, NEW HOPE, PA | $2,875,000 | 5 | 6 | 6,037 |
| 41 N MAIN STREET, NEW HOPE, PA | $2,885,000 | — | — | 4,667 |
| 112 Bair Blvd, New Stanton, PA | $2,900,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in NEW HOPE
Listing Courtesy: Compass RE - 2154490123