Flex Space with Yard and
For Sale
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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 Market590
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) 887-8202
Listed By:
Andrew Turner · License #RB067835
(484) 888-1825
Source:
Moodyscre
Added: Mar 25, 2025
Changed: Oct 26
Last Checked: Nov 3 at 5:11AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$98,811
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,976,220
$2.0M
Cap Rate 7%
$1,411,586
$1.4M
Cap Rate 9%
$1,097,900
$1.1M
Market Conditions
NOI Build-Up for 11,546 SF
Gross rent
$164.9K $14.28/SF
− Vacancy
−$12.9K −$1.11/SF
EGI
$152.0K $13.17/SF
− OpEx
−$53.2K −$4.61/SF
NOI
$98.8K $8.56/SF
Area
Chester County, PA
Vacancy
7.80%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,976,220
Cap Rate 7%
$1,411,586
Cap Rate 9%
$1,097,900
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Cheryl's Southern Style Manufacturing/ Catering At Artisan Exchange — 208 Carter Dr #13b, West Chester, PA 19382, United States
- Lola’s Table — 208 Carter Dr Unit 13B, West Chester, PA 19382
- Olive & Meadow LLC — 208 carter dr unit 13b, west chester, pa 19382
- Whattaboard LLC — 208 Carter Dr Unit 13B, West Chester, PA 19382
- New Street Catering — 700 S New St, West Chester, PA 19382
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
