Multi-Story Office Building with
For Sale
Contact for pricing
116 E KING STREET, Malvern, PA 19355
Three floors are currently leased as offices, with private off-street parking in a rear lot.
Property Size3,736 SF
Price / SF$0.78
Days on Market193
Property Features for 116 E KING STREET
General Information
Standard status
Active
Size
3,736 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
C3
Occupancy
100%
Amenities
hardwood floors
Verizon FIOS
2 zone alarm system
Building Details
Year Built
1870
Stories
3
Tenancy
Single
Listing Agency:
Keller Williams Real Estate -Exton
(610) 363-4300
Listed By:
Meghan E McGarrigle · License #RS315833
(484) 874-4777
Source:
Cummingsrealtors
Added: Apr 11
Changed: Oct 19
Last Checked: Oct 19 at 9:34AM
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 Keller Williams Real Estate -Exton
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Investment Insights
Based on property information with market context.
This turn-key commercial office building in Malvern Borough features three tenant-occupied floors, all configured for office use with hardwood floors in several office areas. The property is set up to operate as a two-tenant building if needed, with a private entrance to the 2nd and 3rd floors that is separate from the first floor. Verizon commercial FIOS service is available, and the building has a two-zone alarm system.
Private off-street parking is located directly behind the building with 10 parking spaces in the rear lot. The building is located on E King Street between Bridge and Channing, and is within walking distance of SEPTA R-5 Malvern Station and several local businesses including Flying Pig, Christopher’s, Alba, and WAWA.
The building is zoned C3 for office, retail, and other allowable uses, with the lease currently in place with approximately 3.5 years remaining. Tenant responsibilities include rent plus utilities, trash, and snow, while the owner pays real estate taxes and landscaping. Please schedule an appointment prior to visiting the property.
Private off-street parking is located directly behind the building with 10 parking spaces in the rear lot. The building is located on E King Street between Bridge and Channing, and is within walking distance of SEPTA R-5 Malvern Station and several local businesses including Flying Pig, Christopher’s, Alba, and WAWA.
The building is zoned C3 for office, retail, and other allowable uses, with the lease currently in place with approximately 3.5 years remaining. Tenant responsibilities include rent plus utilities, trash, and snow, while the owner pays real estate taxes and landscaping. Please schedule an appointment prior to visiting the property.
Key Highlights
- Three‑story commercial building in Malvern Borough currently leased as offices by 1 tenant.
- Rear private off‑street parking lot with 10 parking spaces.
- Lease in place with approximately 3.5 years remaining.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,736
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,720
$1.2M
Cap Rate 7%
$839,086
$839.1K
Cap Rate 9%
$652,622
$652.6K
Market Conditions
NOI Build-Up for 3,736 SF
Gross rent
$97.3K $26.04/SF
− Vacancy
−$19.0K −$5.08/SF
EGI
$78.3K $20.96/SF
− OpEx
−$19.6K −$5.24/SF
NOI
$58.7K $15.72/SF
Area
Chester County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,720
Cap Rate 7%
$839,086
Cap Rate 9%
$652,622
Alternative Uses
Best Use
Office B
$839.1K
$734.2K – $978.9K
NOI $58,736 @ 7.0% cap · market cap 2,025.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$991.1K – $1.32M
NOI $79,290 @ 7.0% cap · market cap 2,734.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 19355, PA
29,273
Population
11,815
Households
2.5
Avg Household Size
41
Median Age
73%
College-Educated
97%
High-School Grad
38.3 sq mi
ZIP Area
764
Density / Sq Mi
$162,917
Median Household Income
$87,900
Median Earnings
$1,960
Median Rent
$662,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Three floors are currently leased as offices, with private off-street parking in a rear lot.
Where is this office building located?
The property is located at 116 E KING STREET Malvern, PA.
What are key features of this property?
This property features: Three‑story commercial building in Malvern Borough currently leased as offices by 1 tenant.; Rear private off‑street parking lot with 10 parking spaces.; Lease in place with approximately 3.5 years remaining.
