100 Chester PikeRidley Park, PA 19078

  • Office properties
  • 11,000 SF
For Sale
$1,650,000 View listing

Property Details for 100 Chester Pike

Year built
1988
Construction
CONCRETE BLOCKS
Lot size
0.75 AC
Property size (Sq ft)
11,000 SF
Property type
Office properties
Property subtype
Office buildings
APN
38-06-00241-00
APU
38060024100

Description

This exceptional two-story medical office building, situated at 100 E Chester Pike in Ridley Park, Pennsylvania, presents a compelling investment opportunity. Built in 1988, the property boasts 11,000 square feet of gross leasable space, ideally divided into 5,500 square feet per floor. The main level is conveniently handicap accessible. Ample parking is provided with 40 spaces. The building is located on a 0.75-acre lot and is zoned Residential - B. Currently occupied by a diverse mix of medical professionals including a physician, audiologist, chiropractor, and other healthcare providers, this building offers immediate income potential. Its strategic location at the corner of Chester Pike and Swarthmore Avenue in Ridley Township offers high visibility and easy access. A significant advantage is its proximity to Taylor Hospital, ensuring a steady stream of potential patients and clients. The building is in excellent condition and represents a rare opportunity to acquire a well-established medical office building in a thriving community. The property consists of one building with one unit. This is a turnkey operation ready for a new owner. The asking price is $1,650,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,097,412
    6.5%
    $2,859,150
    7%
    $2,654,924
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,437,260
    Geo Method
    $1,437,260
  • Alternative Use

    Use
    Valuation
    Residential
    $3,545,346
    Hospitality
    $3,247,517
    Educational
    $2,701,896
    Medical
    $2,794,819
    Retail
    $4,202,950
100 Chester Pike, Ridley Park, Pennsylvania

Location Insight

City
Ridley Park
County
Delaware
State
Pennsylvania
Latitude
39.8765
Longitude
-75.3204
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$37,698
$350,730
$734,970
$1,085,700
-
-
-
$1,085,700

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