315 W State St, Kennett Square, PA

Listing agent Ron Casey Show Phone

Listing office Zommick McMahon Commercial Real Estate Show Phone

Listing date Dec 5, 2023

Source Moodyscre

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Overview

This highly visible, free-standing 2,600 square foot building is located in downtown Kennett Square. The property is currently leased to Estrella Bakery, subleased from the former Papa John’s. The lease expires on December 14, 2022, and is a NNN lease with a 4% annual increase. There is one 5-year option starting at $14 per square foot NNN with $0.50 per square foot annual increases. The property features a new roof, flooring, and HVAC system, as well as public water and sewer. Parking is available at the front, side, and rear of the building. The property includes two ADA bathrooms. The Net Operating Income is $32,499.96.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Zena Florist — 619 E Cypress St, Kennett Square, PA 19348
• Barber's Florist — 302 Juniper St, Kennett Square, PA 19348

Location Insight

• Map
• Local Demand

City

Kennett Square

County

Chester

State

Pennsylvania

Longitude

-75.7089

Latitude

39.8479

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FAQs

What type of property is this?

Storefront property - Highly visible 2,600 SF building with tenant in place.

Where is this storefront property located?

The property is located at 315 W State St Kennett Square, PA.

What is the asking price?

The asking price for this property is $585,000.

What are key features of this property?

This property features: High‑visibility, free‑standing building in downtown Kennett Square.; $32,499.96 Net Operating Income (NOI).; NNN lease with 4% annual increase and a 5‑year option.