Chadds Ford Shopping Center For
For Sale
Contact for pricing
1620 Baltimore Pike, Chadds Ford, PA
Shopping center in historic Chadds Ford with frontage on Route 1.
Property Size15,100 SF
Lot Size1.73 Acres
Price / SF$188.74
Days on Market964
Property Features for 1620 Baltimore Pike
General Information
Standard status
Active
Size
15,100 SF
Lot size
1.73 Acres
Property subtype
RETAIL
Listing Agency:
Zommick McMahon Commercial Real Estate
(610) 359-1100
Listed By:
James R Pinckney · License #PENNSYLVANIAAB068954
(610) 453-2569
Source:
Moodyscre
Added: Feb 16, 2024
Changed: Sep 7
Last Checked: Oct 7 at 3:07PM
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 Zommick McMahon Commercial Real Estate
Investment Insights
Based on property information with market context.
This shopping center is located in the heart of historic Chadds Ford, Pennsylvania. The property features 15,100 square feet of space on a 2-acre lot. It has excellent frontage along heavily traveled Route 1/Baltimore Pike at a traffic light intersection. Anchor tenants include the USPS and Agave restaurant. The property is suitable for retail, restaurants, and other shopping center uses.
Key Highlights
- Excellent frontage on heavily traveled Route 1/Baltimore Pike.
- Located in the heart of historic Chadds Ford, PA.
- Anchor tenants include USPS and Agave restaurant.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,065
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,881,300
$3.9M
Cap Rate 7%
$2,772,357
$2.8M
Cap Rate 9%
$2,156,278
$2.2M
Market Conditions
NOI Build-Up for 15,100 SF
Gross rent
$271.8K $18.00/SF
− Vacancy
−$13.0K −$0.86/SF
EGI
$258.8K $17.14/SF
− OpEx
−$64.7K −$4.28/SF
NOI
$194.1K $12.85/SF
Area
Delaware County, PA
Vacancy
4.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,881,300
Cap Rate 7%
$2,772,357
Cap Rate 9%
$2,156,278
Alternative Uses
Best Use
Specialty Retail
$2.77M
$2.43M – $3.23M
NOI $194,065 @ 7.0% cap · market cap 6.81%
Second Best
Retail
$2.12M
$1.85M – $2.47M
NOI $148,244 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$4.58M
$4.01M – $5.34M
NOI $320,472 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center in historic Chadds Ford with frontage on Route 1.
Where is this shopping center located?
The property is located at 1620 Baltimore Pike Chadds Ford, PA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Excellent frontage on heavily traveled Route 1/Baltimore Pike.; Located in the heart of historic Chadds Ford, PA.; Anchor tenants include USPS and Agave restaurant.
