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Investment Highlights

  • Hi Traffic road frontage perfect for Retail/Professional/Medical/Condo/Business

Executive Summary

This property contains 2 lots zoned commercial and can be used for almost any need. Property has 3 professional building currently rented at over 9k/mo. 300' of road frontage, plus a large open lot and another large open lot currently with 35 occupied RV storage spaces. This property is ideal for current income, or develop for a Storage facility, retail, medical building, contractor business, condo or housing complex! use existing building or start over and build to suit. Seller also has 1st refusal on additional adjoining 1+ ac property. Great investment property for one of the last open commercial/industrial properties in Kennett Twp. 484-733-9590 (all info is aprox.)

Financial Summary (Actual - 2024)

Annual Annual Per AC
Gross Rental Income $103,000 $35,517.24
Other Income - -
Vacancy Loss - -
Effective Gross Income $103,000 $35,517.24
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $103,000
Annual Per AC $35,517.24
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $103,000
Annual Per AC $35,517.24
Net Operating Income
Annual -
Annual Per AC -

Property Facts

Price $2,850,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 2.90 AC
Zoning Commercial

1 Lot Available

Lot 1 & 2

Price $2,850,000
Price Per AC $982,758.62
Lot Size 2.90 AC

2.9ac Commercial/Industrial on 2 lots. high trfc 300' road frntg. 3 cmcl bldgs w 7k/mo. income. +2k/mo shrt trm RV rentl spaces. med/retail/storage/condo/industrial/contractor your choice Sale or Lease 484-733-9590 (all info is aprox)

Description

This property contains 2 lots zoned commercial/Industrial and can be used for almost any need. Property has 3 professional building currently rented at over 9k/mo. 300' of road frontage make this ideal for retail/medical building/ contractor/business/condo or housing complex! use existing building or start over and build to suit. Great investment property for one of the last open commercial/industrial properties in Kennett Twp. 484-733-9590 (all info is aprox)

Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
  • Listing ID: 29411199

  • Date on Market: 8/31/2023

  • Last Updated:

  • Address: 644 E Cypress St, Kennett Square, PA 19348

Contact the Sale Advisor

644 E Cypress St - Kennett Square PA Industrial/Commercial Land

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