Restaurant Storefront
For Sale
$499,999
2700 - 2702 W 3rd St, Chester, PA 19013
For sale restaurant storefront with a compact footprint for food-service operators at 2700-2702 W 3rd St.
Property Size4,192 SF
Price / SF$119.27
Days on Market56
Property Features for 2700 - 2702 W 3rd St
General Information
Standard status
Active
Size
4,192 SF
Total Parking Spaces
4
Zoning
GENERAL COMMERCIAL
Taxes and HOA fees
Annual Taxes
$2,483
Amenities
Forced Air
Building Details
Building Size
4,192 SF
Year Built
1930
Listing Agency:
EXP Realty, LLC
(302) 353-2151
Listed By:
Alia Grier · License #RS376568
(302) 353-2151
Source:
Evrealestate
Added: Jun 14
Changed: Aug 8
Last Checked: Jul 15 at 10:59PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
The property at 2700-2702 W 3rd St is a storefront-style commercial asset positioned for restaurant use. It is offered for sale as a retail/restaurant property with a total size of 4,192 square feet, presenting a defined footprint suitable for food-service concepts that need a street-facing retail storefront format.
The listing is located in Delaware County, Pennsylvania, with directions available via GPS. The address combines two consecutive storefront addresses (2700 and 2702), which can be helpful for operators evaluating how a multi-address retail frontage can support their layout and customer entry approach.
As a restaurant storefront property, this offering is most relevant to buyers seeking a straightforward restaurant-ready retail configuration rather than a complex redevelopment. Interested tenants or purchasers should review the space and intended operating requirements directly, particularly how the existing storefront configuration aligns with their seating, service, and customer-flow needs. With the property being available for sale at the stated list price, this can be a practical option for an owner-operator or investor evaluating restaurant-oriented retail space in Chester.
The listing is located in Delaware County, Pennsylvania, with directions available via GPS. The address combines two consecutive storefront addresses (2700 and 2702), which can be helpful for operators evaluating how a multi-address retail frontage can support their layout and customer entry approach.
As a restaurant storefront property, this offering is most relevant to buyers seeking a straightforward restaurant-ready retail configuration rather than a complex redevelopment. Interested tenants or purchasers should review the space and intended operating requirements directly, particularly how the existing storefront configuration aligns with their seating, service, and customer-flow needs. With the property being available for sale at the stated list price, this can be a practical option for an owner-operator or investor evaluating restaurant-oriented retail space in Chester.
Key Highlights
- Restaurant storefront for sale at 2700‑2702 W 3rd St
- Compact footprint suited for food‑service operators
- Forced air heating system
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
$41,155
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
8.23%
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%
$823,100
$823.1K
Cap Rate 7%
$587,929
$587.9K
Cap Rate 9%
$457,278
$457.3K
Market Conditions
NOI Build-Up for 4,192 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
$62.9K $15.00/SF
− Vacancy
−$4.1K −$0.98/SF
EGI
$58.8K $14.03/SF
− OpEx
−$17.6K −$4.21/SF
NOI
$41.2K $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%
$823,100
Cap Rate 7%
$587,929
Cap Rate 9%
$457,278
Alternative Uses
Best Use
Retail
$587.9K
$514.4K – $685.9K
NOI $41,155 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,968 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale restaurant storefront with a compact footprint for food-service operators at 2700-2702 W 3rd St.
Where is this storefront property located?
The property is located at 2700 - 2702 W 3rd St Chester, PA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Restaurant storefront for sale at 2700‑2702 W 3rd St; Compact footprint suited for food‑service operators; Forced air heating system
