897 Matlack StWest Chester, PA 19382

Property Details for 897 Matlack St

Year built

1985

Lot size

2.70 AC

Property size (Sq ft)

28,062 SF

Zone code

I2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5205 021801A0

APU

5205021801A0

Description

This exceptional 30,100 square foot flex space property, situated on a 3.4-acre lot in Chester County, presents a unique investment opportunity. The single-tenant building, constructed in 1985, boasts a spacious layout with ceiling heights ranging from 16 to 22.8 feet, providing ample vertical space for diverse operational needs. The property includes one loading dock and one drive-in door, both measuring 10 feet wide, ensuring efficient loading and unloading. Three-phase power is readily available. The building is zoned I-2 Light Industrial, offering flexibility for a variety of commercial uses. The property features 58 total parking spaces, providing ample parking for employees and customers. Recent improvements include a new roof installed in 2023 and a currently in-progress sprinkler system upgrade. Its prime location at a signalized intersection on Route 202 offers excellent visibility and accessibility. The property enjoys close proximity to major roadways including Routes 30, 1, 322, 926, 52, and I-95, providing convenient access to a wide regional area. Located just outside of downtown West Chester, this property offers a blend of suburban convenience and accessibility to a thriving urban center. Public water, sewer, and gas services are available. This property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $15,481,397

  6.5%

  $14,290,520

  7%

  $13,269,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,178,358

  Geo Method

  $9,239,784

• Alternative Use

  Use

  Valuation

  Residential

  $12,054,589

  Hospitality

  $11,041,938

  Educational

  $9,186,763

  Medical

  $9,502,710

  Retail

  $14,290,520

Location Insight

City

West Chester

County

Chester

State

Pennsylvania

Latitude

39.9467

Longitude

-75.5858

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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