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    108 W State St Kennett Square, PA 19348

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    For Sale
    $1,900,000

    Three-story commercial building with restaurant, office, and possible apartment.

    Property size:
    7,000 SF
    Lot size:
    0.09 Acres

    Property Features for 108 W State St

    General Information

    Size
    7,000 SF
    Lot size
    0.09 Acres

    Source: LMT Commercial Realty / CORFAC International Agent Joe Latina

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

    Overview

    Restaurant Building with Liquor License

    This is a three-story commercial building with a basement, suitable for a restaurant, office, or possible apartment. The property includes furniture, fixtures, and equipment. The building has a combined area of approximately 8,165 square feet across the three floors. The property is zoned C-2 in Kennett Square Borough. A "R" liquor license is available for separate purchase.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Similar Places Nearby

    Mezzaluna KSQ, Alexander Catering Company

    Location Insight

    • Map
    • Local Demand
    City
    Kennett Square
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.711299
    Latitude
    39.846765

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    FAQs

    What type of property is this?
    Restaurant - Three-story commercial building with restaurant, office, and possible apartment.
    Where is this restaurant located?
    The property is located at 108 W State St Kennett Square, PA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Existing restaurant building with furniture, fixtures, and equipment included; - Includes office space and possible apartment; - Liquor license available for separate purchase
    (302) 530-1233
    Request Owner's contact information
    108 W State St Kennett Square, PA 19348
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    Kennett Square, PA 19348
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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
    108 W State St Kennett Square, PA 19348
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