1470 Baltimore PikeToughkenamon, PA 19374
Five-unit building, strong cash flow, turnkey operation.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- Three-story, mixed-use building in Toughkenamon, PA, near Kennett Square.
- 6,064 square feet of net rentable space with five units: four commercial (bakery, barbershop, Mexican restaurant, fitness center) and one residential.
- All commercial tenants under long-term leases.
- 36-space parking lot on 0.7 acres (two tax parcels: 60-01Q-0009 and 60-01Q-0017).
- Recent upgrades include new roof, HVAC, and exterior paint; individual unit climate control, separate utilities, and sub-metered water/sewer.
- HC zoning, $76,110 pro-forma NOI, 8.32% pro-forma cap rate, $915,000 asking price; 1031 exchange permitted.
Property Details for 1470 Baltimore Pike
- Property type
- Other mixed-use properties, Other investment properties
- Buildings
- 1
- Stories
- 3
- Lot Size (sq. ft)
- 30,492 SF
Location Insight
- City
- Toughkenamon
- County
- Chester
- State
- Pennsylvania
- Latitude
- 39.832895225551
- Longitude
- -75.756877021892
Nearby Comparable
Nearby Similar for Sale
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