127 Chestnut StWest Chester, PA 19380

Property Details for 127 Chestnut St

Year built

1850

Lot size

0.22 AC

Property size (Sq ft)

6,840 SF

Zone code

TC

Property type

Office properties

Property subtype

Office buildings

APN

0105 02560000

APU

10502560000

Description

This exceptional 650-square-foot executive office suite, located at 127 E Chestnut St, presents a unique opportunity in Chester County. Situated on the first floor of a three-building complex, this single-tenant space boasts recently updated interiors, seamlessly blending historical character with modern functionality. The suite features two private offices, a shared conference room, a kitchen area, and a restroom, all enhanced by custom millwork and abundant natural light. The building itself showcases numerous historical details, creating an ideal setting for discerning professionals. Modern upgrades include new electrical, plumbing, and HVAC systems, ensuring comfort and efficiency. Tenants enjoy access to shared amenities, including a common area conference room, common bathrooms on each floor, and a second-story deck. Two private courtyard areas provide outdoor space for relaxation or client entertainment. The property's prime location offers convenience, being just one block from the YMCA and two blocks from the town center, with easy access to numerous coffee shops and restaurants. One on-site parking space is included, supplemented by ample nearby street parking and two nearby parking garages. Utilities included in rent are heat, central air conditioning, electricity, and water; tenants are responsible for phone and internet. The property sits on a 0.22-acre lot and is zoned for commercial use. The APN is 01-05-0256.

• CAP approach

  CAP return

  Valuation

  6%

  $2,349,276

  6.5%

  $2,168,562

  7%

  $2,013,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,167,019

  Geo Method

  $893,714

• Alternative Use

  Use

  Valuation

  Residential

  $2,689,017

  Hospitality

  $2,463,126

  Educational

  $2,049,291

  Medical

  $2,119,770

  Retail

  $3,187,786

Location Insight

City

West Chester

County

Chester

State

Pennsylvania

Latitude

39.9628

Longitude

-75.6035

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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