2998 River Road New Hope, PA $ 4,995,000
2998 River Road
$ 4,995,000
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2998 River Road

New Hope, PA, 18938
$ 4,995,000
Baths0.0 Sq 9,994

Monthly Estimate*

$ 34,892

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Studio

Commercial Property for sale in New Hope, PA

for $4,995,000. This 9,994 square foot building was built in 1814 on a lot size of 0.63.

Nestled in the historic village of Centre Bridge, originally known as Readings Ferry, this locale has a rich narrative that dates back to the early 1700s when Colonel John Reading established the area's first river ferry crossing. Strategically situated on the "New York Road", later renamed Upper York Road (Route 263), it was the principal route between Philadelphia and New York City. The ferry, having changed hands numerous times over about a century, ceased operations with the building of the first bridge in 1813, prompting the village's rechristening to Centre Bridge. This area is home to the historic Centre Bridge Inn, a Georgian style landmark originally named Center Bridge House and dates back to the 1800s. This exquisite property offers a sophisticated blend of luxury and functionality across its well-appointed spaces seamlessly marrying old-world elegance with contemporary sophistication, thanks to the visionary efforts of the current owner who brilliantly reimagined its spaces. The main floor is graced with an upscale dining room accommodating 28 guests, alongside a chic lounge and bar area perfect for social gatherings. This space is ingeniously designed to potentially expand, allowing for an additional 40 seats. Downstairs, an inviting dining area can serve 88 patrons, while the stately Redfield room offers seating for 115, expandable to 140 for standing events. The delightful veranda and patio area add 94 more seats, ideal for enjoying outdoor dining experiences. The property also features nine (9) guest rooms that await the new owners vision, all with new HVAC system installed on the second and third floors. Ample parking and stunning views over the Delaware River enhance the property's charm, creating a unique and lucrative opportunity for those looking to invest in a venue that expertly blends historic grandeur with modern luxury. Lastly, Nestled along the serene Delaware Canal, two charming barges await a visionary new chapter. Step aboard and immerse yourself in the gentle sway of the water, the soothing sounds of passing boats, and the warm embrace of the sun. These barges holds the potential for a reimagined dining experiencea floating restaurant where each table is adorned with crisp linens and candlelight, offering a menu inspired by the bounty of the water. Imagine your guests delighting in fresh seafood, grilled specialties, and indulgent desserts as they revel in the unique ambiance only this setting can provide. Canal frontage is 163 feet and river side of the canal is 174 feet wide. All unobstructed views of the delaware.

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Commercial Active

Price

$ 4,995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 28,529

Style

Bed and Breakfast,Restaurant/Bar,Hotel/Motel,Banqu

Lot Size

0.63

Year Built

1814

Town/City

New Hope

County/Region

Bucks

MLS | Web ID

PABU2068442

Features
Interior
Heating Fuel Oil
Flooring Ceramic Tile Wood Vinyl Stone
Hot Water Electric
Total Stories 4
Heating Y/N Y
Street Suffix ROAD
Central Air Y/N Y
Total Restrooms 12
Entry Level 1
Number of Elevators 0
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General
Sewer On Site Septic
Heating Forced Air Radiator Zoned Hot Water & Baseboard - Electric
Cooling Central A/C Window Unit(s)
Possession Immediate
Roof Asphalt
Zoning VC
Security Features Carbon Monoxide Detector(s) Desk in Lobby Fire Detection System Main Entrance Lock Monitored Motion Detectors
Construction Materials Stucco
Exclusions Nothing
Year Built 1814
View River Scenic Vista Panoramic
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality SOLEBURY TWP
Business Type Bed and Breakfast Restaurant/Bar Hotel/Motel Banquet Facility/Lodge
Accessibility 2+ Access Exits
County BUCKS
New Construction N
Property Type Commercial Sale
Subdivision Name CENTER BRIDGE
Water Access Y/N Y
Status ACTIVE
Directions From New Hope borough north on River Road to corner of 263/Lower York Road and River Road
City NEW HOPE
Buyer Agent Compensation 2.5
Body of Water Delaware River
Zoning Description VC
Total Units 1
MLS Area Solebury Twp (10141)
Lot Size Square Feet 27442.80
Waterfront Y/N Y
Street Name RIVER
Tax Annual Amount 28529.0
Property Condition Good Very Good
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 29
Location Type Suburban
Standard Status Active
Year Built Source Estimated
Tax Lot 015
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Lot Features Corner Fishing Available Flood Plain Front Yard Landscaping Level Not In Development Open Premium Rear Yard Road Frontage Year Round Access
Water Source Well
Inclusions Everything as seen including but not limited to liquor license real estate furniture fixtures linens glassware barware
Type of Parking Parking Lot
Water View Y/N Y
Building Area Total 0.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.63
Water Body Type Canal
Lot Size Units Square Feet
Lot Size Source Estimated
Number of Docks 0
Land Assessed Value 25860.00
Navigable Water Y/N Y
Water Oriented Y/N Y
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Internal Only
Street Number 1 2998
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* Excluded Features
List By
B&B Luxury Properties

Broker

caryn@bandbluxuryproperties.com

Email

Affordability Calculator

$37,269
Per Month
94%
6%
0%
Monthly Principal & Interest
$34,892
Monthly Property Taxes
$2,377
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/11/2024$4,995,000 Listed Price

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2998 River Road, New Hope, PA, 18938 is a Commercial Property for sale at $4,995,000 with 9,994 sqft and a lot size of 0.63. 2998 River Road is a studio with 0.0 baths and was built in 1814. The property's zip code is 18938 which is in New Hope, PA