Historic Office Suites with
New
For Sale
Contact for pricing
220 W GAY STREET, West Chester, PA 19380
Flexible single-office and larger-suite options share conference, kitchen, and breakout facilities.
Property Size13,577 SF
Price / SF$0.46
Days on Market6
Property Features for 220 W GAY STREET
General Information
Standard status
Active
Size
13,577 SF
Elevators
Yes
Property subtype
Commercial
Amenities
Conference Room
Break-Out Room
Kitchenettes
Coffee Bars
Grandiose Atrium Entry
Beautifully Landscaped Courtyard
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Pillar Real Estate Advisors
Listed By:
Eric Kuhn · License #RS296255
(484) 887-8202
Source:
Cummingsrealtors
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 21 at 2:10AM
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
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Investment Insights
Based on property information with market context.
This 13,577-square-foot office property was built in 1900 and features high ceilings, large windows, and period architectural details. Offices and larger suites are available, with an elevator serving the building. Shared facilities include a conference room, breakout room, kitchenettes, and coffee bars, along with a landscaped courtyard and atrium entrance.
The property is on Gay Street in downtown West Chester, adjacent to the Chester County Courthouse. On-site parking is available, with additional off-site parking passes for a location one block away.
The property is on Gay Street in downtown West Chester, adjacent to the Chester County Courthouse. On-site parking is available, with additional off-site parking passes for a location one block away.
Key Highlights
- 13,577‑square‑foot office building, constructed in 1900
- Single offices and larger suites available
- Shared conference room, breakout room, kitchenettes, and coffee bars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,453
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,269,060
$4.3M
Cap Rate 7%
$3,049,329
$3.0M
Cap Rate 9%
$2,371,700
$2.4M
Market Conditions
NOI Build-Up for 13,577 SF
Gross rent
$353.5K $26.04/SF
− Vacancy
−$68.9K −$5.08/SF
EGI
$284.6K $20.96/SF
− OpEx
−$71.2K −$5.24/SF
NOI
$213.5K $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%
$4,269,060
Cap Rate 7%
$3,049,329
Cap Rate 9%
$2,371,700
Alternative Uses
Best Use
Office B
$3.05M
$2.67M – $3.56M
NOI $213,453 @ 7.0% cap · market cap 3,388.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.12M
$3.60M – $4.80M
NOI $288,149 @ 7.0% cap · market cap 4,573.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,271
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible single-office and larger-suite options share conference, kitchen, and breakout facilities.
Where is this office unit located?
The property is located at 220 W GAY STREET West Chester, PA.
What are key features of this property?
This property features: 13,577‑square‑foot office building, constructed in 1900; Single offices and larger suites available; Shared conference room, breakout room, kitchenettes, and coffee bars
