1199 Horseshoe PikeDowningtown, PA 19335

Property Details for 1199 Horseshoe Pike

Year built

2016

Lot size

0.41 AC

Property size (Sq ft)

1,593 SF

Zone code

VC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

3005 00680000

APU

300500680000

Description

This 1,528 square foot free-standing retail building, renovated in 2016, is ideally suited for a pharmacy or similar business. Located at a prominent four-way intersection on busy Route 322 (Horseshoe Pike) in Downingtown, Pennsylvania, this property boasts excellent visibility and high traffic counts exceeding 16,000 vehicles per day. The 0.41-acre lot includes 12 parking spaces, ensuring ample customer convenience. The interior features a well-designed layout including a sales floor with attractive flooring and countertops, a dedicated register area, multiple back rooms, a restroom, a security system, and a vault. This turnkey opportunity is situated in the Guthriesville submarket of East Brandywine Township, offering immediate access to a thriving customer base. The asking price is $900,000, with a price per square foot of $589.01. This single-story building presents a rare chance to acquire a well-established retail space in a high-demand location. The property's prime location and existing infrastructure make it an attractive investment for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $646,160

  6.5%

  $596,455

  7%

  $553,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $550,733

  Geo Method

  $524,516

• Alternative Use

  Use

  Valuation

  Residential

  $503,132

  Hospitality

  $460,866

  Educational

  $383,436

  Medical

  $396,622

  Retail

  $596,455

Location Insight

City

Downingtown

County

Chester

State

Pennsylvania

Latitude

40.0332

Longitude

-75.7633

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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