Two Chester Retail Properties For
2240 Edgmont Ave, Chester, PA 19013
Call to check price and availability
Two single-tenant properties in Chester, Pennsylvania, near Philadelphia.
Type:Retail, Special Purpose
Property size:
13,200 SFPrice / SF:
$131/SF- Added:
- May 22, 2026
- Days on Market:
- 9
- Last Refresh:
- May 27 at 8:20 am
Property Features for 2240 Edgmont Ave
General Information
- Standard status
- Active
- Size
- 13,200 SF
- Property subtype
- Retail, Special Purpose
Building Details
- Year Built
- 1960
Listing agent Maxwell Leonard License #PA
Listing office Forged Real Estate (215) 460-2603
Listing date May 22, 2026
Source Crexi
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 Forged Real Estate
HighLights
- Fee simple ownership allows for property depreciation, offering a tax incentive.
- Located in the Philadelphia MSA, the 8th largest metropolitan area in the United States, with 6.33 million residents.
- Strong surrounding demographics with approximately 222,000 residents and 87,000 households within a five‑mile radius, supported by high average household incomes.
- Excellent regional connectivity, less than one mile from on‑ramp to Interstate 95 (205,000 VPD) and just over one mile from Interstate 476 (82,200 VPD).
- Both Dollar Magic and Carter's Open Arms Child Care Center boast personal lease guarantees, enhancing income security.
- Properties are positioned along Edgmont Avenue (13,800 VPD) and within a fifteen‑minute walk of Widener University (approx. 6,300 students).
Overview
Two single-tenant properties are available in Chester, Pennsylvania, approximately 10 miles southwest of Philadelphia. The properties are leased to Dollar Magic and Carter's Open Arms Child Care Center. Both tenants operate on fee simple NNN leases with limited landlord responsibility. Dollar Magic has 6.5 years of lease term remaining, with an annual NOI of $87,266, which is $10.15 per square foot. Carter's Open Arms Child Care Center has under 2 years of lease term remaining and pays $72,000 annually, which is $15.65 per square foot. The properties are located along Edgmont Avenue, which has 13,800 vehicles per day, and 23rd Street. They are approximately 2 miles north of the Commodore Barry Bridge, linking Chester to New Jersey, and less than one mile from the on-ramp to Interstate 95, which has traffic counts of around 205,000 vehicles per day. They are also just over one mile from Interstate 476, which carries roughly 82,200 vehicles per day. The properties are within a fifteen-minute walk of Widener University, a private institution with an enrollment of approximately 6,300 students. The surrounding area has approximately 222,000 residents and 87,000 households within a five-mile radius, supported by an average household income of $114,000 within five miles and $102,000 within three miles. The total property size is 13,200 square feet.
Local Financial Insights For Retail
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 | $198.0k | $15.00 |
| − Vacancy | −$12.9k | −$0.98 |
| EGI | $185.1k | $14.03 |
| − OpEx | −$55.5k | −$4.21 |
| NOI | $129.6k | $9.82 |
13,200 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,591 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,148 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Dollar Magic
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Chester
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.369588
- Latitude
- 39.86356
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Two single-tenant properties in Chester, Pennsylvania, near Philadelphia.
Where is this retail space located?
The property is located at 2240 Edgmont Ave Chester, PA.
What is the asking price?
The asking price for this property is $1,741,000.
What are key features of this property?
This property features: Fee simple ownership allows for property depreciation, offering a tax incentive.; Located in the Philadelphia MSA, the 8th largest metropolitan area in the United States, with 6.33 million residents.; Strong surrounding demographics with approximately 222,000 residents and 87,000 households within a five‑mile radius, supported by high average household incomes.
