UPDATED:
10/01/2024 03:43 AM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 8,966 sqft
Price per Sqft $261
MLS Listing ID PACT2075364
Originating Board BRIGHT
Year Built 1984
Annual Tax Amount $14,290
Tax Year 2023
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 0.00 x 0.00
Property Description
The property offers an attractive in-place cap rate of 6.6% with a Net Operating Income (NOI) of $155,681 Additionally, the pro forma cap rate is 7% with a Pro Forma NOI of $163,115, making it a highly attractive investment opportunity for both owner-users and investors.
The property enjoys high visibility on Business Route 30 and offers the option to add additional access points on the first floor, making it ideal for businesses seeking flexibility and enhanced accessibility.
Located within a Keystone Innovation Zone (KIZ), this building offers potential tax incentives and other benefits, making it a strategic choice for innovative businesses.
With easy access to Routes 30, 202, 322, 100, and the PA Turnpike, the property provides convenient transportation options for employees, clients, and visitors. The 45 on-site parking spaces ensure ample availability, while very low association fees help keep operational costs manageable.
With its flexible layout, prime location, and modern infrastructure, this property is ideal for a variety of business uses.
Location
State PA
County Chester
Area West Whiteland Twp (10341)
Zoning O/R
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 45.0
Waterfront N
Water Access N
Accessibility Other
Parking Type Parking Lot
Total Parking Spaces 45
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District West Chester Area
Others
Tax ID 41-06 -0110
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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