108 State StKennett Square, PA 19348
- Retail properties
- 7,761 SF
Property Details for 108 State St
- Year built
- 1910
- Lot size
- 0.06 AC
- Property size (Sq ft)
- 7,761 SF
- Zone code
- C2
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 0302 02720000
- APU
- 30202720000
Description
This exceptional three-story commercial building, located at 108 West State Street in Kennett Square, Pennsylvania, presents a unique investment opportunity. The property boasts a substantial 7,000 square feet of space, currently configured as a restaurant with office space and the potential for an apartment conversion. The building's zoning is C-2, allowing for a variety of commercial uses within the Kennett Square Borough. The asking price of $1,900,000 includes the building, its existing furniture, fixtures, and equipment (FF&E), valued at $1,500,000. A separate "R" liquor license is available for an additional $400,000. The total square footage, including a basement, is approximately 8,165 square feet, spread across three floors, offering ample space for expansion or adaptation to suit diverse business needs. This prime location in the vibrant Kennett Square community provides excellent visibility and accessibility, making it an ideal investment for discerning entrepreneurs seeking a well-established commercial property with significant potential. The property's history and character add to its appeal, offering a blend of classic charm and modern functionality. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,229,532
- 6.5%
- $3,904,184
- 7%
- $3,625,313
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,600,549
- Geo Method
- $2,555,412
-
Alternative Use
- Use
- Valuation
- Residential
- $3,293,325
- Hospitality
- $3,016,668
- Educational
- $2,509,832
- Medical
- $2,596,149
- Retail
- $3,904,184
Location Insight
- City
- Kennett Square
- County
- Chester
- State
- Pennsylvania
- Latitude
- 39.8466
- Longitude
- -75.7112
- 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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