720 Market StWest Chester, PA 19382

Property Details for 720 Market St

Year built

1962

Lot size

1.15 AC

Property size (Sq ft)

12,066 SF

Zone code

C5

Property type

Office buildings

APN

5205F00900200

APU

5205F00900200

Description

This exceptional medical office space, located at 720 E Market St in West Chester, Pennsylvania (zip code 19382), offers two available suites ranging from 875 to 2,600 square feet. The property is part of a larger five-building portfolio totaling 117,000 square feet, ensuring ample space and a thriving professional environment. Situated at the intersection of Market Street (Route 3) and Westtown Road, this location provides convenient access to major roadways including Route 202, Route 322, and Paoli Pike, making commuting effortless. The property boasts convenient onsite parking, including electric car charging stations, a valuable amenity for both staff and patients. This prime location in Chester County's West Chester submarket benefits from high visibility and proximity to a variety of established businesses, including Wawa, McDonald's, Wendy's, Dunkin', AFC Urgent Care, Tires Plus, KFC, Pep Boys, Dairy Queen, ACME Markets, and Sherwin-Williams. The property is categorized as a multi-tenant office building, ideal for medical practices seeking flexible and well-located space. The total vacant space available is 2,575 square feet. This opportunity presents a chance to establish or expand a medical practice in a highly desirable and accessible location within a well-maintained and established office complex.

• CAP approach

  CAP return

  Valuation

  6%

  $4,158,560

  6.5%

  $3,838,671

  7%

  $3,564,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,065,762

  Geo Method

  $1,576,544

• Alternative Use

  Use

  Valuation

  Residential

  $4,759,952

  Hospitality

  $4,360,091

  Educational

  $3,627,544

  Medical

  $3,752,301

  Retail

  $5,642,847

Location Insight

City

West Chester

County

Chester

State

Pennsylvania

Latitude

39.9645

Longitude

-75.5927

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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