100 Chester PikeRidley Park, PA 19078
- Office properties
- 11,000 SF
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
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
Comparable in this City
Similar Nearby for Sale
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