110 Hopewell RdDowningtown, PA 19335
- Office properties
- 19,800 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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