Two-Story Bank Building with
For Sale
Contact for pricing
1518-1526 McDaniel Dr west, West Chester, PA 19380
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 Market210
Property Features for 1518-1526 McDaniel Dr west
General Information
Standard status
Active
Size
8,375 SF
Class
B
Total Parking Spaces
20
Property subtype
Office
Zoning
R-3 Residence -Office District
Additional Details
Utilities to Site
Yes
Office Units
3
Building Details
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Avison Young - Property Managment
Listed By:
Tommy Ciccarone · License #PA RS324250
(610) 999-5800
Source:
Crexi
Added: Mar 26
Changed: Oct 19
Last Checked: Oct 20 at 5:58PM
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 Avison Young - Property Managment
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,669
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,633,380
$2.6M
Cap Rate 7%
$1,880,986
$1.9M
Cap Rate 9%
$1,462,989
$1.5M
Market Conditions
NOI Build-Up for 8,375 SF
Gross rent
$218.1K $26.04/SF
− Vacancy
−$42.5K −$5.08/SF
EGI
$175.6K $20.96/SF
− OpEx
−$43.9K −$5.24/SF
NOI
$131.7K $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%
$2,633,380
Cap Rate 7%
$1,880,986
Cap Rate 9%
$1,462,989
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Explore this area
Business Placement
Demographics for 19380, PA
50,692
Population
21,490
Households
2.4
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,662
Density / Sq Mi
$122,876
Median Household Income
$69,599
Median Earnings
$1,820
Median Rent
$530,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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
