893 Matlack StWest Chester, PA 19382

Property Details for 893 Matlack St

Year built

1986

Lot size

2.80 AC

Property size (Sq ft)

39,188 SF

Zone code

I2

Property type

Office properties

Property subtype

Office buildings

APN

5205 02180100

APU

520502180100

Description

This exceptional West Chester, PA office space, located at 893 S Matlack Street, offers 8,000 square feet of immediately available, high-quality office space on the second floor. The building, a Class B property constructed in 1986, boasts a total of 39,188 square feet and is situated on a 2.8-acre lot. The space features high-end finishes, abundant natural light, and direct access from the ample parking lot. Ideal for businesses seeking flexible layouts, the space is divisible down to a minimum of 2,136 square feet, with a maximum contiguous space of 8,000 square feet. Amenities include generously sized offices, multiple conference rooms, a sizable kitchenette, and a large training room. The building also offers convenient access to Route 202, one drive-in door, and one dock-high door. The 18-foot ceiling height adds to the spacious feel. This property is perfect for a variety of businesses seeking a well-located, functional, and attractive office environment in Chester County. The property is classified as both Office and Industrial, with a Flex subtype, and is available for multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $14,699,304

  6.5%

  $13,568,589

  7%

  $12,599,404

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,299,042

  Geo Method

  $5,120,304

• Alternative Use

  Use

  Valuation

  Residential

  $16,825,050

  Hospitality

  $15,411,655

  Educational

  $12,822,316

  Medical

  $13,263,295

  Retail

  $19,945,826

Location Insight

City

West Chester

County

Chester

State

Pennsylvania

Latitude

39.9471

Longitude

-75.5867

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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