Renovated Freestanding Office
New
For Sale
$950,000
4024 W CHESTER PIKE, Newtown Square, PA 19073
Furnished office space includes a full kitchen, two bathrooms, and a separate garage.
Property Size2,100 SF
Lot Size0.57 Acres
Price / SF$452.38
Days on Market4
Property Features for 4024 W CHESTER PIKE
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.57 Acres
Property subtype
Commercial
Space & Availability
Condition
Newly Renovated
Furnished
Yes
Additional Details
Road Access
Yes
Office Units
1
Property Use
Office
Amenities
full kitchen
bathrooms
Building Details
Year Built
1951
Year Renovated
2020
Buildings
1
Building Size
2,100 SF
Listing Agency:
Weichert, Realtors - Cornerstone
(610) 436-0400
Listed By:
Bernadette M McNelis · License #RS308248
(267) 496-6554
Source:
Cummingsrealtors
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:54PM
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 Weichert, Realtors - Cornerstone
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Investment Insights
Based on property information with market context.
This freestanding office property contains approximately 2,100 square feet on a 0.57-acre parcel. Renovated in 2020, the furnished building includes a full kitchen and two bathrooms. A detached three-car garage provides additional space for parking or storage, and on-site parking is also available.
The property is at 4024 W Chester Pike in Newtown Square. Nearby destinations include Porsche Main Line, Ferrari Philadelphia, Cadillac of Newtown Square, Mostardi's Nursery, SAP's North American headquarters, and Ellis Preserve. Routes 3, 252, and 476 provide regional access.
The property is at 4024 W Chester Pike in Newtown Square. Nearby destinations include Porsche Main Line, Ferrari Philadelphia, Cadillac of Newtown Square, Mostardi's Nursery, SAP's North American headquarters, and Ellis Preserve. Routes 3, 252, and 476 provide regional access.
Key Highlights
- Approximately 2,100 SF of office space on 0.57 acres
- Building renovations completed in 2020
- Furnished interior with full kitchen and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,428
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,560
$688.6K
Cap Rate 7%
$491,829
$491.8K
Cap Rate 9%
$382,533
$382.5K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$55.4K $26.40/SF
− Vacancy
−$9.5K −$4.54/SF
EGI
$45.9K $21.86/SF
− OpEx
−$11.5K −$5.46/SF
NOI
$34.4K $16.39/SF
Area
Delaware County, PA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,560
Cap Rate 7%
$491,829
Cap Rate 9%
$382,533
Alternative Uses
Best Use
Office B
$491.8K
$430.4K – $573.8K
NOI $34,428 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$636.7K
$557.1K – $742.8K
NOI $44,569 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 19073, PA
20,853
Population
8,645
Households
2.4
Avg Household Size
50
Median Age
65%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,017
Density / Sq Mi
$131,061
Median Household Income
$82,880
Median Earnings
$1,987
Median Rent
$581,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Furnished office space includes a full kitchen, two bathrooms, and a separate garage.
Where is this office building located?
The property is located at 4024 W CHESTER PIKE Newtown Square, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 2,100 SF of office space on 0.57 acres; Building renovations completed in 2020; Furnished interior with full kitchen and two bathrooms
