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    315 W State St Kennett Square, PA 19348

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    For Sale
    $585,000

    Highly visible 2,600 SF building with tenant in place.

    Property size:
    2,600 SF
    Lot size:
    0.20 Acres

    Property Features for 315 W State St

    General Information

    Size
    2,600 SF
    Lot size
    0.20 Acres

    Source: Zommick McMahon Commercial Real Estate Agent Ron Casey

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

    Overview

    Free Standing Building in Kennett

    This highly visible, free-standing 2,600 square foot building is located in downtown Kennett Square. The property is currently leased to Estrella Bakery, subleased from the former Papa John’s. The lease expires on December 14, 2022, and is a NNN lease with a 4% annual increase. There is one 5-year option starting at $14 per square foot NNN with $0.50 per square foot annual increases. The property features a new roof, flooring, and HVAC system, as well as public water and sewer. Parking is available at the front, side, and rear of the building. The property includes two ADA bathrooms. The Net Operating Income is $32,499.96.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    Zena Florist, Barber's Florist

    Location Insight

    • Map
    • Local Demand
    City
    Kennett Square
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.70887
    Latitude
    39.84792

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    FAQs

    What type of property is this?
    Storefront property - Highly visible 2,600 SF building with tenant in place.
    Where is this storefront property located?
    The property is located at 315 W State St Kennett Square, PA.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: - High-visibility, free-standing building in downtown Kennett Square.; - $32,499.96 Net Operating Income (NOI).; - NNN lease with 4% annual increase and a 5-year option.
    (610) 764-5826
    Request Owner's contact information
    315 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
    315 W State St Kennett Square, PA 19348
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