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    3601 Chapel Rd Newtown Square, PA 19073

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    For Sale
    $3,000,000

    45-year-old specialty Italian market with catering in Newtown Square, PA.

    Property size:
    10,000 SF
    Lot size:
    0.51 Acres

    Property Features for 3601 Chapel Rd

    General Information

    Size
    10,000 SF
    Lot size
    0.51 Acres

    Source: Capital Commercial Real Estate Group Agent Christopher Yangello

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Specialty Italian Market For Sale

    This offering features a 45-year-old specialty Italian market with catering services, situated in the heart of downtown Newtown Square, Pennsylvania. The sale includes the real estate, the business itself, and all furniture, fixtures, and equipment (FF&E). The property consists of a 10,000-square-foot retail brick building. It is zoned C-1. The location benefits from high traffic volume, with an Average Daily Traffic (ADT) count on West Chester Pike (Route 3) of approximately 32,119 and an ADT on Newtown Street Road (Route 252) of approximately 28,187. Demographics within a 2-mile radius include a population of approximately 24,293 and a median household income of approximately $131,250.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Luigi and Giovanni Gourmet Grocery Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    ACME Markets

    Location Insight

    • Map
    • Local Demand
    City
    Newtown Square
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.399936
    Latitude
    39.988116

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    FAQs

    What type of property is this?
    Grocery and convenience store - 45-year-old specialty Italian market with catering in Newtown Square, PA.
    Where is this grocery and convenience store located?
    The property is located at 3601 Chapel Rd Newtown Square, PA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Includes Real Estate, Business, and all FF&E; - Prime location in Downtown Newtown Square, PA; - Established 45-Year-Old Specialty Italian Market with Catering
    (610) 716-4020
    Request Owner's contact information
    3601 Chapel Rd Newtown Square, PA 19073
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    Newtown Square, PA 19073
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3601 Chapel Rd Newtown Square, PA 19073
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