Downtown Shopping Center with
316 -322 S High Street West Chester, PA 19382
For Sale
$2,900,000
Street retail plus 14 garages on a corner lot, offered with 100% occupancy in the Town Center zoning district.
Property Size11,333 SF
Lot Size0.60 Acres
Price / SF$255.89
Days on Market123
Property Features for 316 -322 S High Street
General Information
Standard status
Active
Size
11,333 SF
Lot size
0.60 Acres
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1962
Listing Agency:
Pillar Real Estate Advisors
(610) 430-6255
Listed By:
Eric Kuhn · License #RS296255
Source:
Deepcreeklake
Added: Mar 29
Changed: Jul 27
Last Checked: Jul 28 at 10:02PM
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 Pillar Real Estate Advisors
Investment Insights
Based on property information with market context.
This downtown investment property includes approximately 7,733 SF of street retail along with 14 garages totaling approximately 3,600 SF. The center is situated on a corner lot and was built in 1958. Public utilities are in place, and the property is currently offered with 100% occupancy.
Located at 316–322 S High Street in West Chester, the retail component is described as the first retail center on High Street coming from West Chester University, with signage noted in the offering materials.
Zoned TC (Town Center), the configuration provides a combined retail and parking/garage setup designed to support continuous tenancy within the established downtown area.
Located at 316–322 S High Street in West Chester, the retail component is described as the first retail center on High Street coming from West Chester University, with signage noted in the offering materials.
Zoned TC (Town Center), the configuration provides a combined retail and parking/garage setup designed to support continuous tenancy within the established downtown area.
Key Highlights
- 7,733 SF street retail investment property in downtown West Chester
- 14 garages totaling 3,600 SF
- Corner lot on 0.6 acres
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.0k | $18.00 |
| − Vacancy | −$21.0k | −$1.85 |
| EGI | $183.0k | $16.15 |
| − OpEx | −$54.9k | −$4.84 |
| NOI | $128.1k | $11.30 |
11,333 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.83M
$1.60M – $2.13M
NOI $128,088 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,524 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Cello Florist West Chester — 32 W Gay St, West Chester, PA 19380
- Kati Mac Floral Designs — 36 S High St, West Chester, PA 19382
- flowers by the greenery — 573 E Gay St, West Chester, PA 19380
Frequently Asked Questions
What type of property is this?
Storefront property - Street retail plus 14 garages on a corner lot, offered with 100% occupancy in the Town Center zoning district.
Where is this storefront property located?
The property is located at 316 -322 S High Street West Chester, PA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 7,733 SF street retail investment property in downtown West Chester; 14 garages totaling 3,600 SF; Corner lot on 0.6 acres
