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16 E Gay St 2,333 SF 100% Leased Retail Building West Chester, PA 19380 $1,540,000 ($660.09/SF)
Investment Highlights
- Seating for 50 (36 Inside + 14 Patio
- Outdoor Seating Area
- High Visibility Street Frontage and Signage
- Large Windows Overlooking Downtown
- Adjacent Parking Lot 61 Cars
- Completely Renovated 2024
Executive Summary
Center of West Chester Borough Retail
• 2,333 SF on Two Floors
• Seating for 50 (36 Inside + 14 Patio)
• All High Level Finishes
• Large Windows Overlooking Downtown
• Outdoor Seating Area
• Adjacent Parking Lot 61 Cars
• High Visibility Street Frontage and Signage
• Completely Renovated 2024
• New Roof
• New HVAC
• New 500 Amp Electrical Service
• New Plumbing Throughout
• Fully Fit-Out QSR
• Seller Will Lease Back Under NNN Lease
• 7% Cap Rate
• Can Be Delivered Vacant at Sale
• 2,333 SF on Two Floors
• Seating for 50 (36 Inside + 14 Patio)
• All High Level Finishes
• Large Windows Overlooking Downtown
• Outdoor Seating Area
• Adjacent Parking Lot 61 Cars
• High Visibility Street Frontage and Signage
• Completely Renovated 2024
• New Roof
• New HVAC
• New 500 Amp Electrical Service
• New Plumbing Throughout
• Fully Fit-Out QSR
• Seller Will Lease Back Under NNN Lease
• 7% Cap Rate
• Can Be Delivered Vacant at Sale
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,333 SF
Building Class
B
Year Built/Renovated
1860/2015
Price
$1,540,000
Price Per SF
$660.09
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.79
Lot Size
0.03 AC
Zoning
TC - Zoning designation that aims to encourage economic viability and revitalization of downtown areas
Parking
27 Spaces (11.57 Spaces per 1,000 SF Leased)
Frontage
75’ on East Gay Street
Walk Score®
Walker's Paradise (98)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-009-0127.0000 | Improvements Assessment | $153,320 |
| Land Assessment | $25,840 | Total Assessment | $179,160 |
Property Taxes
Parcel Number
01-009-0127.0000
Land Assessment
$25,840
Improvements Assessment
$153,320
Total Assessment
$179,160
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16 E Gay St
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