Building Details

Year built 1950

Building materials Block

Listing Agency: Century 21 The Real Estate Store · Century 21 Real Estate c***@aol.com Show Phone

Listed By: John DellaRocca · License #AB068711 Show Phone

Added: Apr 29 Changed: Aug 19 Last Checked: Sep 12 at 1:06PM

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MLS# PADE2113728

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The property is a 1,500-square-foot block building configured with two retail storefronts. Built in 1950, the structure includes rear parking for 15 vehicles and is situated on a 0.23-acre parcel.

The site occupies the intersection of Chichester Avenue and Meetinghouse Road, where the source reports 31,000 vehicles per day. Wawa is located across the street and moved into its location in December 2021. Skinny Joey’s is also identified nearby as an upcoming business.

The two-store configuration and on-site rear parking provide a practical layout for retail occupancy, while the corner setting places the building within an established commercial node.

Key Highlights

• 1,500‑square‑foot building with two retail storefronts
• Rear parking for 15 vehicles
• 0.23‑acre parcel at Chichester Avenue and Meetinghouse Road

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

$14,726

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

3.27%

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%

$294,520 $294.5K

Cap Rate 7%

$210,371 $210.4K

Cap Rate 9%

$163,622 $163.6K

Market Conditions

NOI Build-Up for 1,500 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

$22.5K $15.00/SF

− Vacancy

−$1.5K −$0.98/SF

EGI

$21.0K $14.03/SF

− OpEx

−$6.3K −$4.21/SF

NOI

$14.7K $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%

$294,520

Cap Rate 7%

$210,371

Cap Rate 9%

$163,622

Alternative Uses

Best Use

Retail

$210.4K

$184.1K – $245.4K (±1% cap)

NOI $14,726 @ 7.0% cap · market cap 3.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$454.8K

$397.9K – $530.6K (±1% cap)

NOI $31,835 @ 7.0% cap · market cap 7.07%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Gym & Fitness Center Skin Care Clinic Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

31,000 VPD

Traffic count

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

312

Businesses Nearby

87k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 72% Dining 26% Home Improvements & Furnishings 2% Electronics 1%

Wawa Shops & Services

41,543 visits/mo 0.1 miles

Wendy's Dining

15,400 visits/mo 0.4 miles

Sunoco Shops & Services

9,872 visits/mo 0.5 miles

Dunkin' Donuts Dining

6,520 visits/mo 0.1 miles

Family Dollar Shops & Services

6,263 visits/mo 0.5 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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Two-Storefront Retail Property

2609 2609-2611 Chichester Ave, Boothwyn, PA 19061

$450,000

1,600 SF

View details

Mixed-Use Property with Restaurant

Nll-4400 Chichester, Boothwyn, PA 19061

$2,600,000

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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 - Block construction and rear parking support two retail storefronts at a commercial intersection.

Where is this storefront property located?

The property is located at 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: 1,500‑square‑foot building with two retail storefronts; Rear parking for 15 vehicles; 0.23‑acre parcel at Chichester Avenue and Meetinghouse Road