110 Hopewell RdDowningtown, PA 19335

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 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.

• 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

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

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