Mixed-Use Two-Unit
107 W State St Kennett Square, PA 19348
New
107 W State St, Kennett Square, PA, 19348
$625,000
For Sale
$625,000
Two-unit property with ground-floor retail/office and leased two-bedroom apartment above.
Property Size2,793 SF
Price / SF$223.77
Days on Market2
Property Features for 107 W State St
General Information
- Standard status
- Active
- Size
- 2,793 SF
Building Details
- Year Built
- 1900
Listing agency
RE/MAX Ace Realty
(610) 401-7575
Listed by
Renzo Naimo · License #RM424734
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 10:53AM Checked: Jul 21 at 10:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Ace Realty
Investment Insights
Based on property information with market context.
This two-unit mixed-use property offers a versatile first-floor space that can serve as retail or a professional office (buyers should confirm acceptable uses with the Borough of Kennett Square). The commercial area features tall ceilings, hardwood flooring, and an updated bathroom with a storage closet located to the back.
Located at 107 W State St in downtown Kennett Square, the building sits on the borough’s main thoroughfare.
The second floor is a residential apartment with two bedrooms, a bonus room, and one bathroom. It is currently leased, and the existing tenants have indicated they would like to remain.
Located at 107 W State St in downtown Kennett Square, the building sits on the borough’s main thoroughfare.
The second floor is a residential apartment with two bedrooms, a bonus room, and one bathroom. It is currently leased, and the existing tenants have indicated they would like to remain.
Key Highlights
- Two‑unit mixed‑use property in downtown Kennett Square with ground‑floor retail/professional office and a second‑floor apartment
- Second‑floor apartment features 2 bedrooms + bonus room and 1 bath, currently leased with tenants who want to stay
- Ground‑floor commercial space includes tall ceilings and hardwood flooring
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.7k | $26.04 |
| − Vacancy | −$14.2k | −$5.08 |
| EGI | $58.5k | $20.96 |
| − OpEx | −$14.6k | −$5.24 |
| NOI | $43.9k | $15.72 |
2,793 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$627.3K
$548.9K – $731.9K
NOI $43,911 @ 7.0% cap · market cap 7.03%
Second Best
Mixed Use
$611.5K
$535.1K – $713.4K
NOI $42,805 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$846.8K
$741.0K – $988.0K
NOI $59,277 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-unit property with ground-floor retail/office and leased two-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 107 W State St Kennett Square, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit mixed‑use property in downtown Kennett Square with ground‑floor retail/professional office and a second‑floor apartment; Second‑floor apartment features 2 bedrooms + bonus room and 1 bath, currently leased with tenants who want to stay; Ground‑floor commercial space includes tall ceilings and hardwood flooring
