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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

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.
More about this property
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