www.cbre.us

BUCKS CO UNTY PLAYHOUSE

PARRY MANSION

F E R RY M A RKE T

NEW HOPENEW HOPE

LAMBERTVILLELAMBERTVILLE

FOR SALE

44 South Main Street, New Hope PA

4 4 S O U T H M A I N , N E W H O P E , P A

CONTACT USPat McCabeVice President+1 484 567 3344 patrick.mccabe@cbre.com Associate Broker: PA Licensed Sales Person: NJ

4 4 S O U T H M A I N , N E W H O P E , P A

OFFERING PROCESS

CBRE, Inc. is exclusively representing the owner in this transaction.

OFFERING STRUCTURE

• The Property is being offered on an “All Cash”basis to qualified purchasers.

ALL OFFERS SHOULD BE SUBMITTED IN WRITING AND SHOULD INCLUDE:

• Proposed purchase price

• Proposed financing structure

• Timing for inspection period and closing period

• Amount of earnest money, including the amount thatis non-refundable

• Source of funds for the acquisition

PROPERTY VISITS AND COMMUNICATION

Property and market tours will be conducted by CBRE upon request. All communication, inquiries and requests should be addressed to CBRE, as representatives of the Seller. All discussions with property management or tenants at the property regarding this offering or individual stores sales performance at the Property are strictly prohibited.

HIGHLIGHTS

Supply Constraint Market Limited properties for sale / lease

Location Middle of the market Two anchors surrounding property Active area

Beacon Property Highly visible / High foot traffic

Market High occupancy rates Significant projects surrounding property

Retail / Apartments Mixed use income 5 or 6 units

Value add opportunity Enhance rental rates through capital improvements and leasing

THE OFFERING44 South Main offers investors / users an opportunity to enhance value by upgrading the physical structure of the mixed-use building in a highly coveted supply constraint market. Repositioning the asset to meet the demands of retail / apartment prospects will create market rate rentals in the heart of a vibrant New Hope market.

PROPERTY INFO

Demographics 1-Mile 3-Mile 5-Miles

2019 Population 6,415 16,510 23,375

2019 Daytime Population 7,205 12,038 19,588

2019 Average HH Income $137,606 $160,232 $176,098

2019 Median HH Income $93,079 $111,581 $121,713

44 South Main Street

Building SF 8,086 SF

Sale $2,250,000

Price PSF $278.26

2019 Taxes $18,305

Year Built 1870 / 1950

Land Area 0.22 Acres

Average Daily Traffic Counts 7,191

Zoning CC

Named one of “America’s Favorite Towns” by Travel and Leisure, New Hope, located in upper Bucks County, is less than an hour drive from Philadelphia.Sitting on the on the banks of the Delaware River, New Hope is filled with unique shopping, restaurants, and is home to the historic Bucks County Playhouse. Originally know and Coryell’s Ferry, but renamed 1790 after a devastating fire destroyed miles of land, its reconstruction of the area was considered to be a “New Hope.” Among its rich history, New Hope served as an important crossing point of the Delaware River for the American troops during the Revolutionary War. It is said that Washington stayed here before his historic crossing of the Delaware River.

The 18938 zip code, which contains New Hope’s population of 15,326, is home to 652 businesses with a daytime population of 12,420. There are 5,426 household with an average housing value of $594,884 and household income of $180,205. The current unemployment rate of 1.6% well below the national average. New Hope is well educated with 60.4% of its population holding a bachelor’s degree or higher.

NEW JERSEY

PENNSYLVANIANEW HOPE

SOLEBURY

LAHASKAAQUETONG

202

202

202

413

413

Rent RollSuite Tenant SF Lease Monthly Annual Utilities Options

1st Floor The Soap Opera 952 3/1/12 $3,100 $37,200 Lessee is responsible for the

utilities

3/1/19-2/28/21

(1) Two year option

(1) One year option

1st Floor

Farley’s Book Store

3,588 N/A N/A N/A N/A Tenant will close business with the disposition of Real Estate

2nd S Occupied 736 5/1/19 $1,300 $15,600 Lessee is responsible for electric and cable Year to Year

2nd N Occupied 960 5/1/18 $1050 $12,600 Lessee is responsible for cable and telephone Month to Month

2nd Office Farley’s Office 616 N/A N/A N/A N/A N/A

3rd S Occupied 552 10/1/04 $825 $9,900 Lessee is responsible for telephone only Year to Year

3rd N Vacant 1,036 N/A N/A N/A N/A N/A

SEE MASTER LIBRARY FOR ADDITIONAL ICONS AND TABLE FORMAT

TO ADD PHOTO CLICK GREY BOX AND CTRL-D.

4 4 S O U T H M A I N , N E W H O P E , P A

Eden Roc Rd

w

RC

PRD

R-1

R-2

RBLI

RB

PRD

MU

CC

RB

R-1

R-2

HC

SC

LC

CC RB

LC

MAPZONING: PERMITTED USES

A. Purpose. The purpose of the CC District is to allow for a mix of residential

and nonresidential uses which preserve historic buildings; allow for

nonresidential uses to serve the residents of the Borough; allow for

nonresidential uses for visitors and tourists to enjoy; and control bulk and

height to maintain the small Delaware River town scale.

B. Uses permitted. A building or structure may be erected or altered to be

used either in whole or in part and a lot may be used or occupied for any one

of the following uses and no other, provided that every use, building, and

structure shall comply with all applicable regulations of this chapter, including

yards, lot area, lot width, building area and height, impervious surface,

buffers, easements, off-street parking, and other requirements as specified by

this chapter.

Some uses include:

• bed-and-breakfast

• religious use

• public recreation facility

• private club

• general office

• government office

• medical office

• retail

• service business

• financial establishment

• parking area

• no-impact home business

• accessory office

OVERVIEW

First Runner up in USA Today’s ‘Best Small Town’ in America, New Hope is attracting the attention from visitors across the country.

Partly due to the reopening of the historic Bucks Country Playhouse, which brings in 75,000 visitors a year, the most recent revitalization

of New Hope began in 2012. New Hope’s growth continues today, most recently with the 2018 opening of The Deck Restaurant &

Bar at the Bucks County Playhouse, a 125 seat restaurant & bar attached to the Playhouse, the 2019 openings of The Ghost Light

Inn, a 12 room luxury hotel sitting along the Delaware, Iron Chef Jose Garces new farm to table restaurant Stella, and the 2020

spring opening of the luxury lifestyle hotel River House at Odette’s.

With its over 200 unique shops and galleries in the borough, the primary industry of this artist community is tourism. As of June 2019,

tourism in Bucks County is up 3.1% in Bucks. According to the president of tourism promotions board from Visit Bucks County, New

Hope is playing a role in the increased tourism to the county as, “one of the most popular towns in the county.” Its close proximity to

Philadelphia, New York City and Washington D.C. New Hope attracts tourist from some of the largest cities in the United States.

GHOST LIGHT INN / STELLALOGAN INNCELT-IBERIA TRADERS INC.* SURROUNDING BUILDINGS

BUCKS COUNTY PLAYHOUSE* SURROUNDING BUILDINGS

4 4 S O U T H M A I N , N E W H O P E , P A

11

REGIONAL MAP

New Hope

12

202

202

179

179

179

32

29

32

29

32

LAMBERTVILLE

202

Logan SquareLogan Square

New Hope Shopping Center

New Hope Shopping Center

Health & FitnessHealth & Fitness

Solebury H.S.Solebury H.S.

New HopeSolebury

Middle School

New HopeSolebury

Middle School

MARKET AERIAL (RETAILERS)

4 4 S O U T H M A I N , N E W H O P E , P A

179

179

32

32

INN

F E R R Y M A R K E T

PARRY MANSION

Bucks Co.Children’sMuseum

New HopeWinery

BUCKS COUNTY PLAYHOUSE

CLOSE IN

4 4 S O U T H M A I N , N E W H O P E , P A

SITE

BUCKS COUNTY PLAYHOUSE

PARRY MANSION

F E R R Y M A R K E T

INN

BUCKS COUNTY PLAYHOUSE

PARRY MANSION

F E R R Y M A R K E T

INN

FLOOR PLAN - 1ST FLOOR

4 4 S O U T H M A I N , N E W H O P E , P A

FLOOR PLAN - 2ND FLOOR

FLOOR PLAN - 3RD FLOOR

DEMOGRAPHIC BRIEF

44 S MAIN ST

1 MILE 3 MILES 5 MILES

2019 Population - Current Year Estimate 6,415 13,510 23,375

2024 Population - Five Year Projection 6,441 13,563 23,508

2010 Population - Census 6,355 13,585 23,267

2000 Population - Census 6,039 11,577 20,342

2010-2019 Annual Population Growth Rate 0.10% -0.06% 0.05%

2019-2024 Annual Population Growth Rate 0.08% 0.08% 0.11%

2019 Households - Current Year Estimate 3,231 5,850 9,563

2024 Households - Five Year Projection 3,243 5,879 9,626

2010 Households - Census 3,184 5,766 9,397

2000 Households - Census 2,997 5,189 8,473

2010-2019 Annual Household Growth Rate 0.16% 0.16% 0.19%

2019-2024 Annual Household Growth Rate 0.07% 0.10% 0.13%

2019 Average Household Size 1.98 2.21 2.36

2019 Average Household Income $137,606 $160,232 $176,098

2024 Average Household Income $155,474 $176,647 $191,003

2019 Median Household Income $93,079 $111,581 $121,713

2024 Median Household Income $105,464 $122,363 $132,057

2019 Per Capita Income $68,848 $70,139 $72,929

2024 Per Capita Income $77,776 $77,321 $79,088

22001199 HHoouussiinngg UUnniittss 33 ,, 448899 66 ,, 330022 1100 ,,223355

2019 Vacant Housing Units 258 7.4% 452 7.2% 672 6.6%

2019 Occupied Housing Units 3,231 92.6% 5,851 92.8% 9,563 93.4%

2019 Owner Occupied Housing Units 1,806 51.8% 4,074 64.6% 7,291 71.2%

2019 Renter Occupied Housing Units 1,425 40.8% 1,777 28.2% 2,272 22.2%

22001199 PPooppuullaattiioonn 2255 aanndd OOvveerr 55 ,, 007744 1100 ,,446633 1177 ,,883355

HS and Associates Degrees 1,804 35.6% 3,683 35.2% 6,408 35.9%

Bachelor's Degree or Higher 3,040 59.9% 6,383 61.0% 10,866 60.9%

2019 Businesses 677 980 1,340

2019 Employees 4,569 6,702 9,489

©2019 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri Page 1 ProjectID:483920

POPULAT ION

HOUSEHOLDS

HOUSEHOLD INCOME

HOUS ING UN ITS

EDUCAT ION

PLACE OF WORK

DEMOGRAPHICS

DEMOGRAPHIC BRIEF

44 S MAIN ST

NAME LATITUDE LONGITUDE

44 S MAIN ST 40.362966 -74.9508705

©2019 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri ProjectID:483920

DEMOGRAPHICS

www.cbre.us

FOR SALE

44 South Main Street, New Hope PA

© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

CONTACT USPat McCabe

Vice President+1 484 567 3344patrick.mccabe@cbre.comAssociate Broker: PALicensed Sales Person: NJ