Two-Storefront Retail
For Sale
$450,000
2609 2609-2611 Chichester Ave, Boothwyn, PA 19061
The building contains two retail stores with rear parking for 15 vehicles.
Property Size1,600 SF
Price / SF$281.25
Days on Market42
Property Features for 2609 2609-2611 Chichester Ave
General Information
Standard status
Active
Size
1,600 SF
Building Details
Year Built
1950
Listing Agency:
Century 21 The Real Estate Store
(610) 485-7200
Listed By:
John DellaRocca
Source:
Southjerseyshorehomesfinder
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 5:30AM
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 Century 21 The Real Estate Store
Investment Insights
Based on property information with market context.
Built in 1950, this storefront property contains two separate retail stores within one building. Rear parking provides space for 15 vehicles, supporting the existing retail configuration.
The property is positioned at the intersection of Chichester Ave and Meetinghouse Rd in Boothwyn, where the intersection carries 31,000 vehicles per day. A Wawa opened across the street in December 2021, and the property is identified as a potential component of a larger 1.5- to 2.25-acre corner assemblage.
The property is positioned at the intersection of Chichester Ave and Meetinghouse Rd in Boothwyn, where the intersection carries 31,000 vehicles per day. A Wawa opened across the street in December 2021, and the property is identified as a potential component of a larger 1.5- to 2.25-acre corner assemblage.
Key Highlights
- Two retail stores within one 1950‑built storefront property
- Rear parking for 15 vehicles
- Intersection location at Chichester Ave and Meetinghouse Rd
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,708
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,160
$314.2K
Cap Rate 7%
$224,400
$224.4K
Cap Rate 9%
$174,533
$174.5K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$24.0K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$22.4K $14.03/SF
− OpEx
−$6.7K −$4.21/SF
NOI
$15.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,160
Cap Rate 7%
$224,400
Cap Rate 9%
$174,533
Alternative Uses
Best Use
Retail
$224.4K
$196.4K – $261.8K
NOI $15,708 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$485.1K
$424.5K – $566.0K
NOI $33,957 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
74k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 30%
Home Improvements & Furnishings 2%
Electronics 1%
Wawa
Shops & Services
41,543 visits/mo
0.1 miles
Wendy's
Dining
15,400 visits/mo
0.2 miles
Dunkin' Donuts
Dining
6,520 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,263 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
1,971 visits/mo
0.4 miles
Demographics for 19061, PA
20,207
Population
8,381
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
92%
High-School Grad
7.0 sq mi
ZIP Area
2,887
Density / Sq Mi
$77,249
Median Household Income
$46,055
Median Earnings
$1,215
Median Rent
$229,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Wild Flowers Quality Wholesale Inc — 1599 Chichester Ave, Marcus Hook, PA 19061
Frequently Asked Questions
What type of property is this?
Storefront property - The building contains two retail stores with rear parking for 15 vehicles.
Where is this storefront property located?
The property is located at 2609 2609-2611 Chichester Ave Boothwyn, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two retail stores within one 1950‑built storefront property; Rear parking for 15 vehicles; Intersection location at Chichester Ave and Meetinghouse Rd
