6230 Lower York Road, New Hope, PA 18938

Property Description

Two rental properties/opportunities for the price of one!! A rare opportunity to acquire a highly visible residential-commercial investment along the coveted Route 202 corridor between New Hope and Peddler’s Village - one of Bucks County’s most heavily traveled and commercially proven locations. With dual zoning, strong traffic counts, and multiple income configurations, this property offers exceptional long-term value for investors, owner-users, or business operators seeking exposure in a premier setting. Anchoring the property is a circa 1750 Bank House rich in historic appeal, currently under a newly executed two-year lease with reliable long-term tenants, providing immediate income stability. The layout allows for continued residential rental use, professional office conversion, or future repositioning to support a wide range of commercial applications. The presence of dual stone fireplaces and flexible interior spaces enhances its appeal for both residential and professional tenants. A separate ranch-style building adds a second income stream and significant upside potential. Recently improved with a new bathroom, tankless water heater, new roof, and plumbing in place for a kitchen and laundry, this structure is well suited for commercial use, a live/work setup, studio space, or short-term rental conversion, subject to buyer strategy. Garage space and over ten newly paved parking spaces further elevate the property’s functionality and rarity along this stretch of Route 202. Major capital improvements - including a new septic system and updated water treatment -reduce near-term ownership risk and enhance long-term durability. With multiple paths to generate income exceeding $5,300 per month (over 6% Cap Rate), strong visibility for business use, and enduring demand driven by proximity to New Hope’s retail, dining, and tourism economy, this property represents a compelling investment in one of Bucks County’s most desirable and resilient corridors. Residential home has a lease in place through September 2027.

Property Features

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