2233 Baltimore PikeOxford, PA 19363

Property Details for 2233 Baltimore Pike

Year built

2003

Lot size

2.30 AC

Property size (Sq ft)

15,600 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a fee-simple, 15,600 square foot retail center anchored by a Walgreens, situated on a 2.3-acre lot in Oxford, Pennsylvania. The property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $279,473. The Walgreens lease, recently extended through September 1, 2034 (9.8 years remaining), includes built-in rent bumps of 5% every 5 years. In addition to Walgreens, three other tenants occupy a second building on the site, offering a value-add potential with lease expirations in the coming years. Built in 2003, this two-building property enjoys 100% occupancy. The property's strategic location on a highly visible corner of Baltimore Pike, near US Highway 1, benefits from significant traffic flow and proximity to major population centers within the Philadelphia-Camden-Wilmington MSA. The Oxford market is experiencing robust residential growth, with over 350 new homes constructed within two miles. The limited competition from other pharmacies further enhances the investment's appeal. The property is zoned C2, allowing for future commercial, residential, or mixed-use redevelopment possibilities. The asking price is $3,606,103, translating to $231.16 per square foot. Two five-year lease options are available for the Walgreens tenant.

Location Insight

City

Oxford

County

Chester

State

Pennsylvania

Latitude

39.7694

Longitude

-75.9877

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].