Mixed-Use Property with
For Sale
$1,000,000
111 W STATE STREET, Kennett Square, PA 19348
Includes commercial space and a four-bedroom residential unit.
Property Size4,752 SF
Price / SF$210.44
Days on Market48
Property Features for 111 W STATE STREET
General Information
Standard status
Active
Size
4,752 SF
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
1 x 4BR/2BA
Multifamily Units
1
Amenities
private laundry room
Building Details
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
Long & Foster Real Estate, Inc.
(302) 351-5000
Listed By:
Victoria A. Lawson · License #RS212781L
(302) 743-2925
Source:
Cummingsrealtors
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 16 at 8:07AM
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 Long & Foster Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1910, this mixed-use property combines a commercial area with a second-floor apartment. The commercial component includes updated electrical and plumbing systems, fire-rated ceiling tiles, new lighting, high ceilings, an open public area, kitchen, private office, and adjoining storage. The space is fully occupied.
The residential portion contains four bedrooms and two full bathrooms, along with an updated kitchen, renovated bathrooms, living and dining areas, substantial storage, and a private laundry room. The combination of commercial and residential improvements provides a clearly defined mixed-use layout at 111 W State Street in Kennett Square, Pennsylvania.
The residential portion contains four bedrooms and two full bathrooms, along with an updated kitchen, renovated bathrooms, living and dining areas, substantial storage, and a private laundry room. The combination of commercial and residential improvements provides a clearly defined mixed-use layout at 111 W State Street in Kennett Square, Pennsylvania.
Key Highlights
- Four‑bedroom, two‑full‑bath apartment on the second floor
- Commercial space with updated electric and plumbing
- Fire‑rated ceiling tiles and new lighting in the commercial area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,829
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,580
$1.5M
Cap Rate 7%
$1,040,414
$1.0M
Cap Rate 9%
$809,211
$809.2K
Market Conditions
NOI Build-Up for 4,752 SF
Gross rent
$136.3K $28.68/SF
− Vacancy
−$19.8K −$4.16/SF
EGI
$116.5K $24.52/SF
− OpEx
−$43.7K −$9.20/SF
NOI
$72.8K $15.33/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$28.68 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,580
Cap Rate 7%
$1,040,414
Cap Rate 9%
$809,211
Alternative Uses
Best Use
Mixed Use
$1.04M
$910.4K – $1.21M
NOI $72,829 @ 7.0% cap · market cap 7.28%
Second Best
Retail
$767.3K
$671.4K – $895.1K
NOI $53,708 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,853 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Dining 9%
Wawa
Shops & Services
14,427 visits/mo
0.3 miles
Taqueria Guadalajara
Dining
1,488 visits/mo
0.4 miles
Caliber Collision
Shops & Services
769 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes commercial space and a four-bedroom residential unit.
Where is this mixed-use property located?
The property is located at 111 W STATE STREET Kennett Square, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four‑bedroom, two‑full‑bath apartment on the second floor; Commercial space with updated electric and plumbing; Fire‑rated ceiling tiles and new lighting in the commercial area
