109 Broad StKennett Square, PA 19348

  • Retail properties
  • 14,670 SF
For Lease
$13.50/SF/YR View listing

Property Details for 109 Broad St

Year built
1916
Lot size
0.24 AC
Property size (Sq ft)
14,670 SF
Zone code
C1
Property type
Retail properties
Property subtype
Turn key restaurants
APN
0303 01320000
APU
30301320000

Description

This 14,670 square foot, two-story creative office building, located at 109 S Broad St, Kennett Square, PA 19348, offers 5,000 square feet of immediately available space. The property, built in 1916 and renovated in 2010, features 10-foot ceilings and is situated on a 0.25-acre lot. The minimum divisible space is 2,000 square feet, with a maximum contiguous space of 5,000 square feet. The building is zoned commercial (APN: 03-0300132) and boasts a desirable location in the heart of Kennett Square Boro, within walking distance of local amenities. Previous tenants included a microbrewery/pub

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,603,435
    6.5%
    $7,941,632
    7%
    $7,374,373
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,321,372
    Geo Method
    $4,830,291
  • Alternative Use

    Use
    Valuation
    Residential
    $6,699,064
    Hospitality
    $6,136,306
    Educational
    $5,105,335
    Medical
    $5,280,916
    Retail
    $7,941,632
109 Broad St, Kennett Square, Pennsylvania

Location Insight

City
Kennett Square
County
Chester
State
Pennsylvania
Latitude
39.8467
Longitude
-75.7099
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
$15,811
$40,380
$284,090
$324,470
-
$40,380
$284,090
$324,470

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