119-121 S STATE ST Newtown, PA 18940

Gracefully resting on the corner of State & Mercer Street is The Siloam Building, a landmark within Newtown Borough's historic district. Available for the very first time in over 3 decades, this mixed use property consists of two commercial units and three residential apartments. The exterior stonework has recently been repointed, a first floor central air system installed and a new slate roof are just a few of the recent improvements the property has undergone. An unusually large parking lot is included within the parcel making the opportunity even more interesting. There is tremendous upside potential for this building as all of the current rents are significantly below market value. Nearby evidence of the local booming growth within the borough are The Residences at Steepleview & The Estates on State St; two luxury townhouse projects, both of which are pre-selling units for $1.1-1.4M. Invest your vision into The Siloam Building and bring this residual income producing property into the next decade.