501 22Nd StChester, PA 19013

Property Details for 501 22Nd St

Year built

1945

Lot size

0.07 AC

Property size (Sq ft)

2,601 SF

Property type

Office buildings

APN

47-00-01101-00

APU

47000110100

Description

This exceptional 1,600 square foot commercial office building at 501 W 22nd Street, Chester, PA presents a unique investment opportunity. Situated on a 0.07-acre lot, the property boasts high visibility from three sides due to its location in a busy area. The main floor offers a spacious reception area, two private offices, a large conference or training room, a modern kitchenette, and an accessible bathroom, complemented by flexible open workspaces. Upstairs, three additional private offices with original hardwood floors and a hallway bathroom provide further space. A sizable basement offers ample storage, with potential for conversion into additional usable space. Exterior features include two large lighted signs (previously visible, but removed from listing photos per MLS guidelines), a new shingle roof, and a recently paved parking lot providing convenient off-street parking. The property's strategic location offers unparalleled convenience and exposure. It's adjacent to the Upland Diner, less than a fifth of a mile from Crozer Hospital, under a mile from Widener University, two miles from Harrah's Casino, and within three miles of Subaru Park, home of the Philadelphia Union. This versatile building is ideally suited for a variety of businesses, offering a blend of modern amenities and classic charm. The asking price is $179,999. All offers will be reviewed.

• CAP approach

  CAP return

  Valuation

  6%

  $1,111,595

  6.5%

  $1,026,087

  7%

  $952,795

• Comparable approach

  Method

  Valuation

  Relative Method

  $551,604

  Geo Method

  $339,847

• Alternative Use

  Use

  Valuation

  Residential

  $1,272,348

  Hospitality

  $1,165,464

  Educational

  $969,652

  Medical

  $1,003,000

  Retail

  $1,508,348

Location Insight

City

Chester

County

Delaware

State

Pennsylvania

Latitude

39.8585

Longitude

-75.3717

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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