1201 Airport RdCoatesville, PA 19320

Property Details for 1201 Airport Rd

Year built

1900

Lot size

7.00 AC

Property size (Sq ft)

7,120 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

3802 00490000

APU

380200490000

Description

This exceptional investment opportunity encompasses three distinct buildings situated on a sprawling seven-acre lot in Coatesville, Pennsylvania. The property boasts a total of 11,828 square feet of usable space, strategically divided among three structures. Building One, known as "The Barn," offers a generous 5,936 square feet of adaptable space. Building Two, "The Farmhouse," provides an additional 2,872 square feet. Both "The Barn" and "The Farmhouse" are currently leased to a daycare center, generating consistent rental income. Completing this impressive portfolio is a 3,020-square-foot warehouse, presenting significant potential for expansion or diversification of the existing business model. The property's substantial size, combined with the existing income stream and the potential for future development, makes this a compelling investment opportunity with a strong net operating income and attractive capitalization rate. The location at 1201 Airport Road offers convenient access to major transportation routes, enhancing its appeal to a wide range of potential tenants and investors. This multi-building property presents a rare chance to acquire a well-established, income-producing asset with significant upside potential. The property's versatility and established tenancy make it an ideal investment for both seasoned and emerging investors seeking a stable and profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $1,098,972

  6.5%

  $1,014,436

  7%

  $941,976

• Comparable approach

  Method

  Valuation

  Relative Method

  $545,958

  Geo Method

  $930,299

• Alternative Use

  Use

  Valuation

  Residential

  $1,257,900

  Hospitality

  $1,152,230

  Educational

  $958,642

  Medical

  $991,611

  Retail

  $1,491,220

Location Insight

City

Coatesville

County

Chester

State

Pennsylvania

Latitude

39.9934

Longitude

-75.8729

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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