For Sale
$2,400,000

23 Chester Pike Ridley Park, PA 19078

High-Cap Rate Office Building in Ridley Park, PA

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 15,400 square foot office building, situated at 23 W Chester Pike in Ridley Park, Pennsylvania, presents a compelling investment opportunity. Priced at $2,400,000, this traditional office space boasts a strong 9.12% capitalization rate, generating a net operating income (NOI) of $218,853. The building's prime location along the bustling West Chester Pike (Route 13) ensures high visibility and accessibility. Its proximity to major highways, including Interstates 95 and 476, and its convenient location less than seven miles from Philadelphia International Airport, significantly enhance its appeal. Currently, approximately 1,000 to 4,600 square feet of space is available for sale. The property is ideally suited for a variety of professional office or medical users seeking to establish or expand their presence in the thriving Ridley Park market. The asking price per square foot is $155.84. This property offers a rare combination of strong financial performance, excellent location, and significant potential for future growth, making it an attractive investment prospect. The zip code is 19078, and the property is located in Delaware County.

Highlights

  • 15,400 SF office building in Ridley Park, PA, priced at $2,400,000.
  • 9.12% capitalization rate, generating $218,853 NOI.
  • High-visibility location on West Chester Pike (Route 13), near I-95 & I-476, and less than 7 miles from PHL Airport.
  • 1,000-4,600 SF of space currently available for sale; $155.84/SF.
  • Ideal for office or medical users; Zip code 19078, Delaware County.

Property Details for 23 Chester Pike

Property type
Office properties
Square Feet
15,400 SF

Location Insight

City
Ridley Park
County
Delaware
State
Pennsylvania
Latitude
39.8757722
Longitude
-75.3232251

FAQs

What type of property is this?
Office property - High-Cap Rate Office Building in Ridley Park, PA
Where is the office property located?
The property is located at 23 Chester Pike Ridley Park, PA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 15,400 SF office building in Ridley Park, PA, priced at $2,400,000.; 9.12% capitalization rate, generating $218,853 NOI.; High-visibility location on West Chester Pike (Route 13), near I-95 & I-476, and less than 7 miles from PHL Airport.
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23 Chester Pike
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