Corner Flex
New
For Sale
Contact for pricing
109 Broad Street S, Kennett Square, PA 19348
Approximately 5,000 square feet offers retail, office, and warehouse configuration in Kennett Square Borough.
Property Size5,000 SF
Price / SF$0.00
Days on Market2
Property Features for 109 Broad Street S
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Zoning
COM
Lease Type
NNN
Lease Term
Negotiable
Amenities
3000+ PSI
Electric
1
Yes
Natural Gas
2
No
N
Corner,Road Frontage,Zero Lot Line
Public
0.24
Estimated
Black Top,Paved
Block
Boro/Township
Building Details
Year Built
1925
Listing Agency:
Penn One Realty
(856) 222-0077
Listed By:
Amanda Strain
(610) 679-0127
Source:
Thetristaterealestategroup
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:32AM
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 Penn One Realty
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Investment Insights
Based on property information with market context.
This flex space at 109 Broad Street S spans approximately 5,000+/- square feet and is zoned COM. The interior includes an L-shaped bar and a walk-in refrigeration unit, both of which may be removed. Fit-out work is the tenant’s responsibility; the space was previously leased for use as a microbrewery and pub.
The property is in Kennett Square Borough and has corner positioning with road frontage. Retail, office, and other uses that comply with zoning will be considered. Lease terms of at least five years are required, with longer commitments preferred.
The property is in Kennett Square Borough and has corner positioning with road frontage. Retail, office, and other uses that comply with zoning will be considered. Lease terms of at least five years are required, with longer commitments preferred.
Key Highlights
- Approximately 5000+/- sq ft of flex space
- COM zoning; retail, office, and other conforming uses considered
- Corner location with road frontage in Kennett Square Borough
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,708
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,160
$734.2K
Cap Rate 7%
$524,400
$524.4K
Cap Rate 9%
$407,867
$407.9K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$57.0K $11.40/SF
− Vacancy
−$4.6K −$0.91/SF
EGI
$52.4K $10.49/SF
− OpEx
−$15.7K −$3.15/SF
NOI
$36.7K $7.34/SF
Area
Chester County, PA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,160
Cap Rate 7%
$524,400
Cap Rate 9%
$407,867
Alternative Uses
Best Use
Retail
$807.3K
$706.4K – $941.9K
NOI $56,511 @ 7.0% cap · market cap 434,700.00%
Second Best
Flex RnD
$611.3K
$534.9K – $713.2K
NOI $42,790 @ 7.0% cap · market cap 329,153.85%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,116 @ 7.0% cap · market cap 816,276.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19348, PA
22,606
Population
9,222
Households
2.5
Avg Household Size
43
Median Age
57%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
614
Density / Sq Mi
$118,367
Median Household Income
$55,391
Median Earnings
$1,588
Median Rent
$518,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Alexander Catering Company — 326 W Cedar St #2, Kennett Square, PA 19348
- Mezzaluna KSQ — 216 S Mill Rd Suite 111, Kennett Square, PA 19348
Frequently Asked Questions
What type of property is this?
Flex space - Approximately 5,000 square feet offers retail, office, and warehouse configuration in Kennett Square Borough.
Where is this flex space located?
The property is located at 109 Broad Street S Kennett Square, PA.
What are key features of this property?
This property features: Approximately 5000+/- sq ft of flex space; COM zoning; retail, office, and other conforming uses considered; Corner location with road frontage in Kennett Square Borough
