Two Chester Retail Properties For
For Sale
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2240 Edgmont Ave, Chester, PA 19013
Two single-tenant properties in Chester, Pennsylvania, near Philadelphia.
Property Size13,200 SF
Price / SF$131.89
Days on Market148
Property Features for 2240 Edgmont Ave
General Information
Standard status
Active
Size
13,200 SF
Class
B
Property subtype
Retail, Special Purpose
Occupancy
100%
Lease Type
NN
Investment Type
Stabilized
Net Operating Income
$159,266
Building Details
Year Built
1960
Buildings
2
Tenancy
Multi
Listing Agency:
Forged Real Estate
Listed By:
James Yi · License #PA RS345286
(215) 460-2603
Source:
Crexi
Added: May 22
Changed: Oct 3
Last Checked: Oct 14 at 8:29PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,591
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,820
$2.6M
Cap Rate 7%
$1,851,300
$1.9M
Cap Rate 9%
$1,439,900
$1.4M
Market Conditions
NOI Build-Up for 13,200 SF
Gross rent
$198.0K $15.00/SF
− Vacancy
−$12.9K −$0.98/SF
EGI
$185.1K $14.03/SF
− OpEx
−$55.5K −$4.21/SF
NOI
$129.6K $9.82/SF
Area
Delaware County, PA
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,820
Cap Rate 7%
$1,851,300
Cap Rate 9%
$1,439,900
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,344
Businesses Nearby
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Business Placement
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
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.
