Add Listing
    For Sale
    • 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

    124 MARKET West Chester, PA 19382

    View on Map
    For Sale
    $200,000

    CommercialSale - WEST CHESTER, PA

    Property size:
    1,900 SF
    Added:
    Oct 16, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 1 at 6:06 am

    Property Features for 124 MARKET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    1,900 SF

    Taxes and HOA fees

    TaxAnnualAmount
    170251

    Utilities

    Heating system
    Central, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2015
    Number of units
    2
    Flooring type
    Brick, Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Tam D'Angelo

    Listing agent Tam D'Angelo

    Listing office BHHS Fox & Roach Center City-Society Hill 530 Walnut Street, Suite 480, PA

    Listing date Oct 16, 2025

    MLS# PACT2111818 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Profitable Bonchon Franchise Opportunity

    This is an opportunity to own a Bonchon Chicken franchise restaurant located in West Chester, Pennsylvania. The restaurant occupies a 1,900-square-foot space in a location with high foot traffic and visibility. The business is known for its food and atmosphere, and it has become a popular spot for the community. The kitchen is fully equipped. The real estate and building are not included in the sale, offering flexibility to lease or negotiate real estate terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Poke Bros. Bar & Pub HealthMarkets Insurance - Karen ... Insurance Agency HealthMarkets Insurance - Patrick ... Insurance Agency Market Street Flats Apartment Complex Garnet Valley Sports ... Association / Organization

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.60248
    Latitude
    39.96031

    Nearby Similar for Sale

    • $375,000

      WEST CHESTER Commercial Sale Opportunity

      Highly visible location with renovation potential near major commuter routes.
      8 S 5 POINTS Road, WEST CHESTER, PA 19382
      View Details
    • $1,200,000
      4,488 SF

      West Chester Multifamily Investment Opportunity

      Four-unit building with long-term tenants on approximately one acre.
      554 W BOOT Road, WEST CHESTER, PA 19380
      View Details
    • $951,000

      Versatile Commercial Property For Sale

      Commercial property suitable for various business needs, currently a fitness center.
      1306 WILMINGTON Pike unit: A-1, WEST CHESTER, PA 19382
      View Details
    • $1,000,000

      West Chester Borough Triplex

      Triplex near downtown, West Chester University, and Everhart Park.
      402 W UNION ST, WEST CHESTER, PA 19382
      View Details
    • $200,000

      Smoothie Shop Business Opportunity

      Fully operational smoothie shop in West Chester, PA for sale.
      1502 W CHESTER Pike, WEST CHESTER, PA 19382
      View Details
    • $14
      11,934 SF

      Flex Office Units For Sale

      Flex office units available, individually or combined, West Chester.
      208 Carter Dr, West Chester, PA 19382
      View Details
    • $32
      6,133 SF

      Modern Office Space in West Chester

      Premier leasing opportunity in a vibrant West Chester location.
      501 Hannum Avenue, West Chester, PA 19380
      View Details
    • $1,200,000
      3,150 SF

      Freestanding Medical/Office Building For Sale

      Freestanding medical/office building on Paoli Pike with parking.
      1103 Paoli Pike, West Chester, PA, 19380
      View Details
    • $950,000

      West Chester Pike Office Building

      Two-story brick office building near downtown West Chester.
      1244 West Chester Pike, West Chester, PA 19382
      View Details
    • $899,000
      4,620 SF

      West Chester Retail Space Available

      4,620 SF retail space with prime location and visibility.
      622 E Gay St, West Chester, PA
      View Details
    • $350,000
      1,450 SF

      Turnkey Dentist Office in West Chester

      1,450 SF dentist office with private entrance and ramp.
      1556 McDaniel Dr, West Chester, PA
      View Details
    • Contact for pricing
      12,743 SF

      Retail Space in Giant Anchored Center

      Retail spaces available in Giant anchored shopping center near university.
      1395 Boot Rd, West Chester, PA 19380
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Thriving Bonchon Chicken franchise restaurant for sale in West Chester.
    Where is this conventional restaurant located?
    The property is located at 124 MARKET West Chester, PA.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Thriving Bonchon Chicken franchise restaurant with a loyal customer base and strong brand recognition.; Prime location in West Chester with high foot traffic and visibility.; Spacious 1,900 sq. ft. restaurant consisting of units E & F.
    (267) 423-3077
    We can help!
    Listing Contact
    Tam D'Angelo
    Real Estate License ID: 2080565
    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!