Mixed-Use Two-Unit
107 W State St Kennett Square, PA 19348
New
For Sale
$625,000
Two-unit property with ground-floor retail/office and leased two-bedroom apartment above.
Property Size2,793 SF
Price / SF$223.77
Days on Market6
Property Features for 107 W State St
General Information
- Standard status
- Active
- Size
- 2,793 SF
Building Details
- Year Built
- 1900
Listing Agency:
RE/MAX Ace Realty
(610) 401-7575
Listed By:
Renzo Naimo · License #RM424734
Source:
Kandorre
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 24 at 2:40PM
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 RE/MAX Ace Realty
Investment Insights
Based on property information with market context.
This two-unit mixed-use property offers a versatile first-floor space that can serve as retail or a professional office (buyers should confirm acceptable uses with the Borough of Kennett Square). The commercial area features tall ceilings, hardwood flooring, and an updated bathroom with a storage closet located to the back.
Located at 107 W State St in downtown Kennett Square, the building sits on the borough’s main thoroughfare.
The second floor is a residential apartment with two bedrooms, a bonus room, and one bathroom. It is currently leased, and the existing tenants have indicated they would like to remain.
Located at 107 W State St in downtown Kennett Square, the building sits on the borough’s main thoroughfare.
The second floor is a residential apartment with two bedrooms, a bonus room, and one bathroom. It is currently leased, and the existing tenants have indicated they would like to remain.
Key Highlights
- Two‑unit mixed‑use property in downtown Kennett Square with ground‑floor retail/professional office and a second‑floor apartment
- Second‑floor apartment features 2 bedrooms + bonus room and 1 bath, currently leased with tenants who want to stay
- Ground‑floor commercial space includes tall ceilings and hardwood flooring
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.7k | $26.04 |
| − Vacancy | −$14.2k | −$5.08 |
| EGI | $58.5k | $20.96 |
| − OpEx | −$14.6k | −$5.24 |
| NOI | $43.9k | $15.72 |
2,793 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$627.3K
$548.9K – $731.9K
NOI $43,911 @ 7.0% cap · market cap 7.03%
Second Best
Mixed Use
$611.5K
$535.1K – $713.4K
NOI $42,805 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$846.8K
$741.0K – $988.0K
NOI $59,277 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Mixed-use property - Two-unit property with ground-floor retail/office and leased two-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 107 W State St Kennett Square, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit mixed‑use property in downtown Kennett Square with ground‑floor retail/professional office and a second‑floor apartment; Second‑floor apartment features 2 bedrooms + bonus room and 1 bath, currently leased with tenants who want to stay; Ground‑floor commercial space includes tall ceilings and hardwood flooring
