1180 Mcdermott DrWest Chester, PA 19380

  • Office properties
  • 11,920 SF
For Lease
$17/SF/YR View listing

Property Details for 1180 Mcdermott Dr

Year built
1998
Lot size
1.20 AC
Property size (Sq ft)
11,920 SF
Zone code
I1
Property type
Office properties
Property subtype
Office buildings
APN
5203 010004B0
APU
5203010004B0

Description

This exceptional 12,000-square-foot office building at 1180 McDermott Drive in West Chester, Pennsylvania, presents a unique leasing opportunity. Built in 1998, this single-story, single-tenant property sits on 1.2 acres of land and offers a spacious, naturally lit interior perfect for a variety of businesses. The building features 43 total parking spaces, providing ample convenience for employees and clients. The I-1 zoning allows for flexibility in potential uses. With 12,000 square feet of vacant space, this property is ready for immediate occupancy. The property's location in West Chester offers easy access to major transportation routes and nearby amenities. Annual property taxes are $2.74 per square foot. This is an ideal location for businesses seeking a modern, functional, and conveniently located office space in a thriving Pennsylvania community. The property's single-tenant configuration offers privacy and control, while its size and amenities cater to a range of business needs. This presents a rare opportunity to secure a substantial and well-maintained office space in a desirable location. Contact us today to schedule a viewing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,656,338
    6.5%
    $3,375,082
    7%
    $3,134,004
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,817,161
    Geo Method
    $1,557,467
  • Alternative Use

    Use
    Valuation
    Residential
    $4,185,101
    Hospitality
    $3,833,530
    Educational
    $3,189,452
    Medical
    $3,299,142
    Retail
    $4,961,370
1180 Mcdermott Dr, West Chester, Pennsylvania

Location Insight

City
West Chester
County
Chester
State
Pennsylvania
Latitude
39.9983
Longitude
-75.589
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$30,639
$144,270
$912,690
$1,056,960
-
$144,270
$924,910
$1,069,180

FAQs

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