Flex Space with Yard and
For Sale
Contact for pricing
323 S Matlack St, West Chester, PA 19382
Standalone flex building with yard, loading dock, and a drive-in door, offering space that can be subdivided.
Property Size11,546 SF
Price / SF$121.25
Days on Market497
Property Features for 323 S Matlack St
General Information
Standard status
Active
Size
11,546 SF
Property subtype
FLEX_R_AND_D
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Listing Agency:
Pillar Real Estate Advisors LLC
(484) 888-1825
Listed By:
Andrew Turner · License #RS296255
(484) 888-1825
Source:
Moodyscre
Added: Mar 25, 2025
Changed: Jul 28
Last Checked: Aug 2 at 1:58PM
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 Pillar Real Estate Advisors LLC
Investment Insights
Based on property information with market context.
This standalone flex space totals 11,546 SF and is located in Downtown West Chester. The property includes ample parking and yard space, along with a loading dock and a drive-in door to support a variety of light industrial and warehouse-oriented uses. The interior space can be subdivided, providing flexibility for different tenant needs. Signage is available for visibility and branding.
The building is positioned on the south side of West Chester Borough and provides easy access to Route 202.
With its yard area, convenient loading features, and subdividable layout, the property is well suited for users seeking flexible occupancy in a compact, standalone configuration.
The building is positioned on the south side of West Chester Borough and provides easy access to Route 202.
With its yard area, convenient loading features, and subdividable layout, the property is well suited for users seeking flexible occupancy in a compact, standalone configuration.
Key Highlights
- 11,546 SF standalone flex space in Downtown West Chester
- Includes ample parking and yard space
- Loading dock plus drive‑in door
Financial Insights For Flex RnD
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 | $164.9k | $14.28 |
| − Vacancy | −$12.9k | −$1.11 |
| EGI | $152.0k | $13.17 |
| − OpEx | −$53.2k | −$4.61 |
| NOI | $98.8k | $8.56 |
11,546 SF · lease $14.28/SF/yr · vacancy 7.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.41M
$1.24M – $1.65M
NOI $98,811 @ 7.0% cap · market cap 7.06%
Second Best
Industrial
$1.21M
$1.06M – $1.41M
NOI $84,766 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $245,044 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,906
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19382, PA
52,498
Population
21,798
Households
2.4
Avg Household Size
40
Median Age
64%
College-Educated
98%
High-School Grad
46.1 sq mi
ZIP Area
1,139
Density / Sq Mi
$126,159
Median Household Income
$58,596
Median Earnings
$1,788
Median Rent
$542,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Whattaboard LLC — 208 Carter Dr Unit 13B, West Chester, PA 19382
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- New Street Catering — 700 S New St, West Chester, PA 19382
- Olive & Meadow LLC — 208 carter dr unit 13b, west chester, pa 19382
- Cheryl's Southern Style Manufacturing/ Catering At Artisan Exchange — 208 Carter Dr #13b, West Chester, PA 19382, United States
Frequently Asked Questions
What type of property is this?
Flex space - Standalone flex building with yard, loading dock, and a drive-in door, offering space that can be subdivided.
Where is this flex space located?
The property is located at 323 S Matlack St West Chester, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 11,546 SF standalone flex space in Downtown West Chester; Includes ample parking and yard space; Loading dock plus drive‑in door
