1470 Baltimore PikeToughkenamon, PA 19374

This exceptional investment opportunity presents a three-story, mixed-use building ideally situated in Toughkenamon, Pennsylvania, near Kennett Square. The property, encompassing 6,064 square feet of net rentable space, is comprised of five units: four commercial spaces (a bakery, barbershop, Mexican restaurant, and fitness center) and one residential apartment. All commercial tenants are under long-term leases, ensuring consistent income and stability for the investor. The building boasts a substantial 36-space parking lot, spread across two tax parcels (60-01Q-0009 and 60-01Q-0017), totaling 0.7 acres. Recent upgrades include a new roof, updated HVAC systems, and fresh exterior paint. Each unit features individual climate control (heat and air), separate utilities (electric and gas), and sub-metered water and sewer. The property is zoned HC and offers a pro-forma NOI of $76,110 and a pro-forma cap rate of 8.32%. The asking price is $915,000, and a 1031 exchange is permitted. This turnkey operation presents a rare opportunity for investors seeking a stable, high-performing asset in a desirable location. The property's strong tenant base and recent renovations make it an attractive investment with significant potential for future growth. The ample parking provides convenience for tenants and patrons.