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Mixed-Use Investment Property Near University
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1410-1490 Providence Avenue, Chester, PA 19013

Profitable mixed-use property near Widener University with diverse income streams.

Property SizeContact for details
Days on Market132

Property Features for 1410-1490 Providence Avenue

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: CBRE | Philadelphia Downtown
Listed By: William Tourtellotte · License #PA., NJ
Source: Cbre
Added: Mar 25 Changed: Jul 10 Last Checked: Aug 3 at 12:39PM

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 CBRE | Philadelphia Downtown

Investment Insights

Based on property information with market context.

This mixed-use property is located on the western edge of the Widener University campus, which was established in 1812. Situated 0.4 miles from I-95 and an 8-minute drive from Philadelphia International Airport, the property was constructed in 2008 with attractive materials and design. The property features a stable cash flow from a variety of sources. These include 57 apartment units with a 94% occupancy rate, a high-credit TD Bank branch, a US Government credit tenant (Army), and a successful Widener campus bookstore. The property also includes a Best Western hotel, offering a lodging alternative for campus visitors and the local community. On-site parking is available for tenants and customers. The hotel component is profitable and can be self-operated, managed by the seller, or master-leased to an operator.

Key Highlights

  • Stable cash flow from diverse mix of tenants including apartments, bank, US Government (Army), bookstore, and hotel.
  • High apartment occupancy rate of 94%.
  • Located on the Widener University campus.

Property Analytics

Current Use

Freedom Hall High School Alumni Auditorium University

Suggested Use

Top Pick Real Estate Agency Accounting Firm Law Firm Spa & Massage Center Skin Care Clinic (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

1,494
Businesses Nearby

Demographics for 19013, PA

34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Profitable mixed-use property near Widener University with diverse income streams.
Where is this apartment building located?
The property is located at 1410-1490 Providence Avenue Chester, PA.
What are key features of this property?
This property features: Stable cash flow from diverse mix of tenants including apartments, bank, US Government (Army), bookstore, and hotel.; High apartment occupancy rate of 94%.; Located on the Widener University campus.
More about this property
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