Building Details

Year Built 1950

Listing Agency: Century 21 The Real Estate Store

Listed By: John DellaRocca Show Phone

Source: Southjerseyshorehomesfinder

Added: Jul 20 Changed: Oct 6 Last Checked: Oct 7 at 4:31PM

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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.

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 / Yr

$15,708

Cap Rate

3.49%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $33,957 @ 7.0% cap · market cap 7.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

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

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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 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