643 Chester Pike 2,284 SF Retail Building Prospect Park, PA 19076 $225,000 ($98.51/SF) 4.79% Cap Rate

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.