Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 BROAD Street S Kennett Square, PA 19348

    View on Map
    For Lease
    $14 SF/Yr

    CommercialLease - KENNETT SQUARE, PA

    Type:Retail
    Lot size:
    0.24 Acres
    Added:
    Nov 18, 2024
    Days on Market:
    499
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 109 BROAD Street S

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Lot size
    0.24 Acres

    Utilities

    Cooling system
    Ductless

    Building Details

    Year built
    1925
    Number of units
    2
    Building materials
    Stucco, Block, Stone

    We can help!

    Listing Contact
    Robert J Liberato

    Listing agent Robert J Liberato License #RS178665L

    Listing office KW Greater West Chester 300 Willowbrook Lane unit: 310, West Chester, PA

    Listing date Nov 18, 2024

    MLS# PACT2087162

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kennett Square Retail/Office/Warehouse Space

    This commercial space, approximately 5,000 square feet, is located in the heart of Kennett Square Borough. Previously leased as a microbrewery and pub, the space is in clean condition. The landlord will consider all retail, office, or other uses that conform to zoning. This space is essentially a blank canvas ready for a new business. A long-term lease is preferred, however, the landlord will consider all leases with a minimum 5-year term. The property has an "L" shaped bar and a walk-in refrigeration unit, which can be removed. The lot size is 0.24 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kennett Square
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.710079
    Latitude
    39.84623

    Nearby Similar for Lease

    • $23/mo

      Retail Space in Kennett Square

      Modern retail space with excellent walkability in historic Kennett Square.
      210 S MILL Road unit: 101, KENNETT SQUARE, PA 19348
      View Details
    • $25/mo

      Prime Kennett Square Office Suite

      Professional office suite in a thriving business corridor, ready for occupancy.
      400 OLD FORGE Lane unit: 408, KENNETT SQUARE, PA 19348
      View Details
    • $13/mo

      Versatile Retail/Office/Warehouse Space Available

      Adaptable space in Kennett Square, suitable for various businesses.
      109 BROAD S STREET, KENNETT SQUARE, PA 19348
      View Details
    • Contact for pricing

      Downtown Kennett Square Storefront

      Prime storefront in vibrant Kennett Square, ideal for retail/office.
      126 S UNION STREET, KENNETT SQUARE, PA 19348
      View Details
    • Contact for pricing

      Retail Space Near Longwood Gardens

      Retail space available near Longwood Gardens in Kennett Square.
      823-859 E Baltimore Pike, Kennett Square, PA
      View Details
    • Contact for pricing

      Turnkey Restaurant & Bar Space

      Restaurant and bar with R liquor license in Kennett Square.
      108 W State St, Kennett Square, PA 19348
      View Details
    • $25/mo

      Mixed-Use Development Retail Space

      Retail and office spaces available in new mixed-use development.
      660 E Cypress St, Kennett Square, PA
      View Details
    • Contact for pricing

      Flex Warehouse Space Available

      Flex/warehouse space for lease with loading docks and drive-in-doors.
      210 Gale Ln, Kennett Square, PA
      View Details
    • Contact for pricing

      Downtown Kennett Square Office Space

      600 SF office space in Kennett Square Borough.
      101 E State St, Kennett Square, PA
      View Details
    • Contact for pricing

      Kennett Square Office Space Available

      Office suite with private offices, conference room, and open floorplan.
      511 Schoolhouse Rd, Kennett Square, PA 19348
      View Details
    • Contact for pricing

      Retail/Office/Medical Build-to-Suit Opportunity

      Up to 20,000 SF available for retail, office, or medical.
      804 E Baltimore Pike, Kennett Square, PA
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Medical office space available in Kennett Medical Campus.
      404 McFarlan Rd, Kennett Square, PA 19348
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail/office/warehouse space in the heart of Kennett Square Boro.
    Where is this retail space located?
    The property is located at 109 BROAD Street S Kennett Square, PA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 5000+\/- sq ft retail/office/warehouse space in Kennett Square Boro.; Suitable for retail, office, or other uses conforming to zoning.; **Blank canvas space ready for customization.**
    (484) 459-7170
    We can help!
    Listing Contact
    Robert J Liberato
    Real Estate License ID: RS178665L
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!