644 Cypress StKennett Square, PA 19348

Property Details for 644 Cypress St

Year built

1949

Lot size

1.30 AC

Property size (Sq ft)

3,943 SF

Zone code

R2

Property type

Office properties

Property subtype

Office buildings

APN

6204 00490000

APU

620400490000

Description

This exceptional Kennett Square investment opportunity encompasses three buildings situated on a generous 2.8-acre lot. Ideally zoned C-1, this property presents significant potential for a variety of commercial uses. The existing structures offer ample space, currently configured to include two office buildings suitable for a home office or continued rental income. The expansive lot provides extensive storage and parking capabilities, making it an attractive proposition for contractors, landscapers, or businesses requiring significant outdoor space. Located at 644 E Cypress St, Kennett Square, PA 19348, in Chester County, this property is priced at $2,100,000. The versatile zoning allows for a range of commercial activities, enhancing its investment appeal. The combination of existing buildings and substantial land area makes this a rare find in the Kennett Square market. Serious inquiries are encouraged to explore the full potential of this unique property and its adaptability to diverse business needs. The property's location offers convenient access to major transportation routes, further increasing its desirability. This is a chance to acquire a well-positioned commercial property with immediate income potential and significant long-term growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $1,573,723

  6.5%

  $1,452,668

  7%

  $1,348,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $781,205

  Geo Method

  $515,192

• Alternative Use

  Use

  Valuation

  Residential

  $1,801,308

  Hospitality

  $1,649,988

  Educational

  $1,372,771

  Medical

  $1,419,983

  Retail

  $2,135,422

Location Insight

City

Kennett Square

County

Chester

State

Pennsylvania

Latitude

39.8505

Longitude

-75.6993

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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