Retail Building with Rear
New
For Sale
$525,000
2060 Newark Road, Lincoln University, PA 19352
Road frontage and a paved driveway provide direct property access.
Property Size3,192 SF
Price / SF$164.47
Days on Market6
Property Features for 2060 Newark Road
General Information
Standard status
Active
Size
3,192 SF
Zoning
C30 COMM
Additional Details
Road Access
Yes
Automotive Uses
auto repair
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$4,715
Amenities
Concrete,Carpet
Oil
Yes
No
1
Not In Development,Rear Yard,Road Frontage
Public
French
C30
0.00 x 0.00
0.17
Assessor
Driveway
Black Top,Paved
8
Block
3192.00
23490.00
State,Public
10
Building Details
Building Size
3,192 SF
Year Built
1950
Listing Agency:
RE/MAX Excellence - Kennett Square
(610) 347-1100
Listed By:
Barbara Carty · License #R4-0020232
(610) 636-4536
Source:
Jmdiamondrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 31 at 4:16AM
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 RE/MAX Excellence - Kennett Square
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Investment Insights
Based on property information with market context.
This 3,192-square-foot retail property was built in 1950 and has a rear yard. Interior finishes include concrete and carpet, and the site has road frontage with a paved driveway. The property is zoned C30 COMM and is located at 2060 Newark Road in Lincoln University, Pennsylvania.
Key Highlights
- 3,192‑square‑foot retail property
- C30 COMM zoning
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,077
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,540
$721.5K
Cap Rate 7%
$515,386
$515.4K
Cap Rate 9%
$400,856
$400.9K
Market Conditions
NOI Build-Up for 3,192 SF
Gross rent
$57.5K $18.00/SF
− Vacancy
−$5.9K −$1.85/SF
EGI
$51.5K $16.15/SF
− OpEx
−$15.5K −$4.84/SF
NOI
$36.1K $11.30/SF
Area
Chester County, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,540
Cap Rate 7%
$515,386
Cap Rate 9%
$400,856
Alternative Uses
Best Use
Retail
$515.4K
$451.0K – $601.3K
NOI $36,077 @ 7.0% cap · market cap 6.87%
Second Best
Industrial
$334.8K
$292.9K – $390.6K
NOI $23,434 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$967.8K
$846.8K – $1.13M
NOI $67,745 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 19352, PA
10,495
Population
3,427
Households
3.1
Avg Household Size
31
Median Age
59%
College-Educated
97%
High-School Grad
17.6 sq mi
ZIP Area
596
Density / Sq Mi
$169,167
Median Household Income
$47,342
Median Earnings
$1,604
Median Rent
$458,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Road frontage and a paved driveway provide direct property access.
Where is this retail space located?
The property is located at 2060 Newark Road Lincoln University, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,192‑square‑foot retail property; C30 COMM zoning; Built in 1950
