Mixed-Use Portfolio with
For Sale
Contact for pricing
116 S Broad 120 S Broad 111 E Cypress Street, Kennett Square, PA 19348
Fully leased portfolio combines apartments and commercial spaces with on-site parking and tenant signage.
Property SizeContact for details
Days on Market144
Property Features for 116 S Broad 120 S Broad 111 E Cypress Street
General Information
Standard status
Active
Property subtype
Mixed Use, Office
Occupancy
100%
Additional Details
Cap Rate
6.75%
Listing Agency:
Pillar Real Estate Advisors, LLC
Listed By:
Andrew Carlino · License #PA
(484) 887-8202
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 3:01PM
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 Pillar Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This mixed-use portfolio in Kennett Square Borough includes four apartments and six commercial spaces across 116 S Broad, 120 S Broad, and 111 E Cypress Street. The property is fully leased, with three new commercial tenants occupying space at 116 and 120 S Broad Street. An in-place cap rate of 6.75% adds an established income component to the asset.
On-site parking is supplemented by a two-car garage that can accommodate additional parking or storage needs. Commercial occupants benefit from signage opportunities, while the properties are positioned along South Broad Street with direct access to borough restaurants and retail.
On-site parking is supplemented by a two-car garage that can accommodate additional parking or storage needs. Commercial occupants benefit from signage opportunities, while the properties are positioned along South Broad Street with direct access to borough restaurants and retail.
Key Highlights
- Four apartments and six commercial spaces
- Fully leased, including three new commercial tenants at 116 and 120 S Broad Street
- In‑place cap rate of 6.75%
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased portfolio combines apartments and commercial spaces with on-site parking and tenant signage.
Where is this mixed-use property located?
The property is located at 116 S Broad 120 S Broad 111 E Cypress Street Kennett Square, PA.
What are key features of this property?
This property features: Four apartments and six commercial spaces; Fully leased, including three new commercial tenants at 116 and 120 S Broad Street; In‑place cap rate of 6.75%
