Building Details

Year Built 1982

Buildings 1

Building Size 5,184 SF

Owner Occupied Yes

Abandoned No

Listing Agency: Compass Pennsylvania, LLC k***@compass.com Show Phone

Listed By: Peter van der Vlugt · License #RS374437 Show Phone

Source: Cummingsrealtors

Added: Aug 11 Changed: Oct 6 Last Checked: Oct 5 at 6:40PM

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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 Compass Pennsylvania, LLC

Investment Insights

Based on property information with market context.

This 5,184-square-foot professional office building is configured as two independent suites and will be delivered vacant. The layout includes four separate entrances, dedicated parking areas, 30 on-site parking spaces, and separately metered electrical service. The building is fully ADA accessible, with updated HVAC systems, security improvements, interior renovations, plumbing work, duct cleaning, and ongoing maintenance completed or underway.

The property occupies approximately 2.2 acres zoned C - Commercial, with frontage along Route 41. Existing improvements use only part of the site, leaving the balance available for future expansion or redevelopment, subject to municipal approvals. Potential plans described for the property include enlarging the current building, adding professional or medical office facilities, creating additional office condominium buildings, or retaining the existing structure as part of a larger office setting. Nearby development includes a new Sheetz and the adjacent 286-home Yeatman Tract residential community.

Key Highlights

• 5,184‑square‑foot professional office building with two independent suites
• Approximately 2.2‑acre C - Commercial site with frontage along Route 41
• 30 on‑site parking spaces and four separate building entrances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$81,501

Cap Rate

7.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,630,020 $1.6M

Cap Rate 7%

$1,164,300 $1.2M

Cap Rate 9%

$905,567 $905.6K

Market Conditions

NOI Build-Up for 5,184 SF

Gross rent

$135.0K $26.04/SF

− Vacancy

−$26.3K −$5.08/SF

EGI

$108.7K $20.96/SF

− OpEx

−$27.2K −$5.24/SF

NOI

$81.5K $15.72/SF

Area

Chester County, PA

Vacancy

19.50%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,630,020

Cap Rate 7%

$1,164,300

Cap Rate 9%

$905,567

Alternative Uses

Best Use

Office B

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,501 @ 7.0% cap · market cap 7.44%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.57M

$1.38M – $1.83M (±1% cap)

NOI $110,022 @ 7.0% cap · market cap 10.05%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

American Mushroom Institute Association / Organization

Suggested Use

Top Pick Plumbing Service Storage Facility Bakery (Bike/Boat/Book/etc) Store Hair Salon Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

168

Businesses Nearby

Explore this area Business Placement

Demographics for 19311, PA

9,556

Population

3,941

Households

2.4

Avg Household Size

36

Median Age

53%

College-Educated

85%

High-School Grad

12.5 sq mi

ZIP Area

764

Density / Sq Mi

$146,723

Median Household Income

$52,606

Median Earnings

$1,397

Median Rent

$524,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Vacant commercial office property with flexible suites, dedicated parking, and expansion capacity on a commercially zoned site.

Where is this office building located?

The property is located at 1284 GAP NEWPORT PIKE Avondale, PA.

What is the asking price?

The asking price for this property is $1,095,000.

What are key features of this property?

This property features: 5,184‑square‑foot professional office building with two independent suites; Approximately 2.2‑acre C - Commercial site with frontage along Route 41; 30 on‑site parking spaces and four separate building entrances