110 Hopewell RdDowningtown, PA 19335

  • Office properties
  • 19,800 SF
For Lease
$12/SF/YR View listing

Property Details for 110 Hopewell Rd

Year built
1988
Lot size
1.50 AC
Property size (Sq ft)
19,800 SF
Zone code
R2
Property type
Office properties
Property subtype
Office buildings
APN
3005 00700500
APU
300500700500

Description

This exceptional two-story, 13,552 square foot multi-tenant office building at 110 Hopewell Road in Downingtown, PA 19335 presents a fantastic opportunity. Currently, 1,527 square feet of readily available space is perfect for a medical office, traditional office, or executive suite. The building boasts 52 parking spaces for ample client and staff convenience. Accessibility is ensured with an elevator and ADA compliance. The building is situated in a thriving market and benefits from recent upgrades by the new local ownership. The zoning is TND-1, East Brandywine Twp. The property features a total of one suite, offering a unique opportunity for a single tenant to occupy the available space or the potential for future expansion within the building. The minimum divisible space is 1,527 square feet, making it ideal for businesses of various sizes. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a professional and well-maintained office space in a growing community. The building's brick exterior adds to its curb appeal and overall professional image. Don't miss this chance to secure your business's future in this desirable Downingtown location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,463,514
    6.5%
    $5,043,244
    7%
    $4,683,012
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,716,374
    Geo Method
    $2,587,068
  • Alternative Use

    Use
    Valuation
    Residential
    $6,253,622
    Hospitality
    $5,728,284
    Educational
    $4,765,865
    Medical
    $4,929,770
    Retail
    $7,413,568
110 Hopewell Rd, Downingtown, Pennsylvania

Location Insight

City
Downingtown
County
Chester
State
Pennsylvania
Latitude
40.0335
Longitude
-75.7612
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
$32,084
$53,360
$810,540
$863,900
-
$53,360
$834,810
$888,170

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