Two-Story Bank Building with
1518-1526 McDaniel Dr west West Chester, PA 19380
1518-1526 McDaniel Dr west, West Chester, PA, 19380
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For Sale
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Two-story bank building with finished basement, two drive-thru lanes, and parking for 20 vehicles.
Property Size8,375 SF
Price / SF$274.63
Days on Market119
Property Features for 1518-1526 McDaniel Dr west
General Information
- Standard status
- Active
- Size
- 8,375 SF
- Property subtype
- Office
Listing agency
Bennett Williams Commercial
(610) 999-5800
Listed by
Tommy Ciccarone · License #PA RS324250
Source
Crexi
Added: Mar 26 Updated: Jul 21 at 2:38AM Checked: Jul 21 at 6:30AM
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 Bennett Williams Commercial
Investment Insights
Based on property information with market context.
This two-story bank building includes a finished basement and can be configured into three separate suites. The property features two drive-thru bank lanes, along with public utilities, multi-zone heat pump heating, and a diesel generator. Parking is available for 20 spaces.
Located in Westtown Township, the site is zoned R-3, Residence-Office District. The building totals 8,375 above-grade square feet and is suitable for buyers seeking a flexible office or bank-use configuration within the existing lane-driven design.
Located in Westtown Township, the site is zoned R-3, Residence-Office District. The building totals 8,375 above-grade square feet and is suitable for buyers seeking a flexible office or bank-use configuration within the existing lane-driven design.
Key Highlights
- 8,375 SF (above‑grade only) two‑story building with a finished basement
- Can be split into three separate suites
- Two drive‑thru bank lanes
Local 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 | $218.1k | $26.04 |
| − Vacancy | −$42.5k | −$5.08 |
| EGI | $175.6k | $20.96 |
| − OpEx | −$43.9k | −$5.24 |
| NOI | $131.7k | $15.72 |
8,375 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.88M
$1.65M – $2.19M
NOI $131,669 @ 7.0% cap · market cap 5.72%
Second Best
Retail
$1.35M
$1.18M – $1.58M
NOI $94,656 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,745 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two-story bank building with finished basement, two drive-thru lanes, and parking for 20 vehicles.
Where is this office building located?
The property is located at 1518-1526 McDaniel Dr west West Chester, PA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 8,375 SF (above‑grade only) two‑story building with a finished basement; Can be split into three separate suites; Two drive‑thru bank lanes
