1301 Chester PikeWest Chester, PA 19382
- Retail properties
- 8,197 SF
Property Details for 1301 Chester Pike
- Year built
- 1946
- Lot size
- 1.10 AC
- Property size (Sq ft)
- 8,197 SF
- Zone code
- R5
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 5306 00640000
- APU
- 530600640000
Description
This exceptional freestanding retail/industrial property, located at 1301 West Chester Pike in West Chester, Pennsylvania (zip code 19382), offers a unique opportunity for businesses seeking flexible space. The single-story, 8,197 square foot building, constructed in 1946, sits on a prominent site and is zoned C-1. Currently, 6,000 square feet of space is available, divisible into units ranging from a minimum of 2,500 square feet to a maximum contiguous space of 3,500 square feet. The property features ample parking, highlighted in the site plan. A key advantage is the inclusion of approximately 2,500 square feet of warehouse space, complete with two garage doors, ideal for storage or light industrial use. The remaining space is suitable for retail purposes. The property boasts prominent signage opportunities via a marquee. The asking rate is $16.00 per square foot, NNN. The property's location in East Goshen Township, Chester County, provides excellent access to major transportation routes and a thriving local market. The APN is 5306 00640000. This is an excellent opportunity to secure a versatile space in a highly desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,562,146
- 6.5%
- $4,211,212
- 7%
- $3,910,411
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,883,310
- Geo Method
- $2,698,970
-
Alternative Use
- Use
- Valuation
- Residential
- $3,552,315
- Hospitality
- $3,253,901
- Educational
- $2,707,208
- Medical
- $2,800,312
- Retail
- $4,211,212
Location Insight
- City
- West Chester
- County
- Chester
- State
- Pennsylvania
- Latitude
- 39.968
- Longitude
- -75.5542
- 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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