100 Chester PikeRidley Park, PA 19078

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 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.

• 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

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

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