643 Chester Pike - Storefront Retail/Residential FOR SALE


Prospect Park, PA 19076
$225,000 USD
215-920-5083
643 Chester Pike, Prospect Park, PA for Sale
$225,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | 4.79% Cap Rate

643 Chester Pike
Prospect Park, PA 19076


HIGHLIGHTS

  • Located on Chester Pike, a major commercial artery
  • Easy access to I-95 and SEPTA commuter rail line
  • Adjacent to Norwood Borough and Route 452 intersection

OVERVIEW

This great 2-unit, mixed-use property along Chester Pike (US Route 13) is a primary traffic and commercial corridor in the Borough of Prospect Park within Delaware County. Long-term tenants are paying under market rents and on month-to-month leases, leaving flexibility for the new owner to maximize value. The current first-floor tenant is a dog groomer, and the upstairs tenant is an apartment. The building comes with 5+ off-street parking spaces in the rear. Just off the intersection of Route 452 and Route 13, this property is immediately adjacent to Norwood Borough, which is the area across the street from this location. The Borough of Prospect Park is a suburban community located in an area that serves as a bedroom community to primary employment centers of Center City Philadelphia and Wilmington, Delaware. The Wilmington/Newark commuter rail line operated by the Southeastern Pennsylvania Transportation Authority (SEPTA) traverses through the Borough and connects the market area to Center City Philadelphia and Wilmington, Delaware. Interstate 95 is located to the east of the Borough, with several entrance ramps in close proximity to the neighborhood. Chester Pike (US Route 13) is the primary commercial corridor and is a primary traffic route for the eastern portion of Delaware County. Economic activity in the Borough is generally associated with activity around the Philadelphia International Airport and port operations along the Delaware River.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

4.79%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

CROSS STREETS

Summit Ave

LAND ACRES

0.09 AC

LAND SF

3,950 SF

ZONING

-

APN/PARCEL ID

33-00-00165-00

ASK ABOUT THIS PROPERTY

Raymond LindKW CommercialMore Info
215-920-5083

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Raymond LindKW CommercialMore Info
215-920-5083

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.