Mixed-Use Retail and Residential
For Sale
$499,999
2700 - 2702 W 3RD Street, Chester, PA 19013
Multi-Family, CHESTER, PA
Property Size4,192 SF
Lot Size0.04 Acres
Price / SF$119.27
Days on Market71
Property Features for 2700 - 2702 W 3RD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Garage
Elementary school district
CHESTER-UPLAND
Middle school district
CHESTER-UPLAND
High school district
CHESTER-UPLAND
Standard status
Active
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2483
Utilities
Heating system
Forced Air
Cooling system
Ductless
Building Details
Year built
1930
Number of units
3
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(888) 543-4829
Listed By:
Alia Grier · License #RS376568
(302) 353-2151
Added: Jun 16
Changed: Aug 19
Last Checked: Aug 25 at 6:06PM
MLS# PADE2117668
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.
Investment Insights
Based on property information with market context.
This turnkey mixed-use property includes a first-floor commercial space with existing restaurant infrastructure and areas previously used as a bakery. A shared customer entrance serves the commercial level, and a bathroom is located on the commercial floor for added convenience. The building also features a rear garage/loading area that can support vehicle storage, inventory, deliveries, or equipment access.
Upstairs, the property contains a spacious 5-bedroom, 1-bath residential unit with its own separate entrance. Together, the two levels offer a flexible configuration for an owner who wants to combine day-to-day operations with on-site living, or for an investor seeking a mixed-use setup.
Located at 2700–2702 W 3rd Street in Chester, PA, the building is offered as a turnkey purchase. The first floor is designed to accommodate a continued food-service concept or other commercial use that can work with the existing restaurant-oriented improvements, while the residential component provides independent access and a large layout for occupancy planning.
Upstairs, the property contains a spacious 5-bedroom, 1-bath residential unit with its own separate entrance. Together, the two levels offer a flexible configuration for an owner who wants to combine day-to-day operations with on-site living, or for an investor seeking a mixed-use setup.
Located at 2700–2702 W 3rd Street in Chester, PA, the building is offered as a turnkey purchase. The first floor is designed to accommodate a continued food-service concept or other commercial use that can work with the existing restaurant-oriented improvements, while the residential component provides independent access and a large layout for occupancy planning.
Key Highlights
- Multi‑use property with 4,192+ SF and flexible commercial/residential layout
- Commercial level has existing restaurant/bakery infrastructure and a bathroom, plus a shared customer entrance
- Rear garage/loading area for vehicle storage, inventory, deliveries, or equipment access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,501
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$830,020
$830.0K
Cap Rate 7%
$592,871
$592.9K
Cap Rate 9%
$461,122
$461.1K
Market Conditions
NOI Build-Up for 4,192 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.5K $18.00/SF
− Vacancy
−$9.1K −$2.16/SF
EGI
$66.4K $15.84/SF
− OpEx
−$24.9K −$5.94/SF
NOI
$41.5K $9.90/SF
Area
Delaware County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$830,020
Cap Rate 7%
$592,871
Cap Rate 9%
$461,122
Alternative Uses
Best Use
Specialty Retail
$769.7K
$673.5K – $897.9K
NOI $53,876 @ 7.0% cap · market cap 10.78%
Second Best
Mixed Use
$592.9K
$518.8K – $691.7K
NOI $41,501 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,968 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Home Improvements & Furnishings 21%
Lukoil
Shops & Services
4,546 visits/mo
0.3 miles
Joes True Value Home Center
Home Improvements & Furnishings
1,494 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
975 visits/mo
0.5 miles
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Turnkey mixed-use building with restaurant-ready first floor and a separate-entry 5-bedroom unit upstairs.
Where is this mixed-use property located?
The property is located at 2700 - 2702 W 3RD Street Chester, PA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Multi‑use property with 4,192+ SF and flexible commercial/residential layout; Commercial level has existing restaurant/bakery infrastructure and a bathroom, plus a shared customer entrance; Rear garage/loading area for vehicle storage, inventory, deliveries, or equipment access
