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Mixed-Use Investment in Kennett Square

107 W STATE Street Kennett Square, PA 19348

107 W STATE Street, Kennett Square, PA, 19348

$625,000

For Sale

$625,000

MULTI_FAMILY - KENNETT SQUARE, PA

Property Size2,792 SF

Lot Size0.03 Acres

Price / SF$223.85

AddedMar 10

Days on Market127

Last RefreshJul 14 at 7:06 pm

Property Features for 107 W STATE Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Family Room
Parking features: On Street
Interior features: Bathroom - Stall Shower, Family Room Off Kitchen, Kitchen - Eat-In
Appliances: Dryer, Refrigerator, Stove, Washer
Standard status: Active
Size: 2,792 SF
Lot size: 0.03 Acres

Taxes and HOA fees

Tax Annual Amount: 4464

Utilities

Heating system: Radiant
Cooling system: Window Unit(s), Central Air

Building Details

Year built: 1900
Number of units: 2
Building materials: Brick Front

Listing agent Renzo Naimo License #RM424734

Listing office RE/MAX Ace Realty 4333 W Lincoln Highway, Downingtown, PA

Listing date Mar 10, 2026

MLS# PACT2119306 Listing URL

Investment Insights

Based on property information with market context.

Located in downtown Kennett Square, this two-unit property presents a mixed-use investment opportunity. The property includes a first-floor space suitable for retail or professional offices; buyers should confirm acceptable uses with the Borough of Kennett Square. The second floor features a residential apartment with 2 bedrooms and a bonus room, along with 1 bath. The apartment is currently leased, and the tenants have expressed interest in remaining. The commercial space includes tall ceilings, hardwood flooring, and an updated bathroom with a storage closet at the back. Situated on the borough's main thoroughfare, the property benefits from consistent foot traffic and high visibility within a walkable downtown area. Kennett Square is known as the Mushroom Capital of the World and hosts community events such as the Mushroom Festival, Summer Third Thursday dining on State Street, farmers markets, brewfests, and parades.

Key Highlights

Two‑unit mixed‑use property with first‑floor retail/professional office space and a second‑floor residential apartment
Second‑floor apartment layout includes 2 bedrooms plus a bonus room and 1 bathroom; currently leased with tenants who want to stay
First‑floor commercial space features tall ceilings and hardwood flooring

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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

2,792 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$627.1K

$548.7K – $731.6K (±1% cap)

NOI $43,895 @ 7.0% cap · market cap 7.02%

Second Best

Mixed Use

$611.3K

$534.9K – $713.2K (±1% cap)

NOI $42,790 @ 7.0% cap · market cap 6.85%

Theoretical Best

Office A

$846.5K

$740.7K – $987.6K (±1% cap)

NOI $59,255 @ 7.0% cap · market cap 9.48%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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For sale
Mixed-use properties
PA
Kennett Square
19348
107 W STATE Street

What type of property is this?

Mixed-use property - Two-unit property with retail/office space and residential apartment.

Where is this mixed-use property located?

The property is located at 107 W STATE Street 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 with first‑floor retail/professional office space and a second‑floor residential apartment; Second‑floor apartment layout includes 2 bedrooms plus a bonus room and 1 bathroom; currently leased with tenants who want to stay; First‑floor commercial space features tall ceilings and hardwood flooring