Building Details

Stories 2

Tenancy Multi

Listing Agency: Pillar Real Estate Advisors LLC Show Phone

Listed By: Andrew Carlino Show Phone

Source: Moodyscre

Added: Jun 1 Changed: Oct 1 Last Checked: Oct 16 at 11:53AM

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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 Pillar Real Estate Advisors LLC

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Investment Insights

Based on property information with market context.

This 4,600 SF medical building sits on approximately 0.51 acres in West Chester Borough and includes 2,800 SF on the first floor with an additional 1,600 SF unfinished second floor. The property features two fully ADA-compliant entrances and is currently occupied by three in-place medical tenants.

The site includes a 19-car parking lot on-site and faces Marshall Square Park. The configuration also offers flexibility for an owner-user or an investor, including a stated potential for a 2-unit apartment conversion on the second floor.

Key Highlights

• 4,600 SF medical building on 0.51 acres in West Chester Borough
• 2,800 SF on the first floor plus 1,600 SF unfinished second floor
• Two fully ADA‑compliant entrances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,301

Cap Rate

7.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,426,020 $1.4M

Cap Rate 7%

$1,018,586 $1.0M

Cap Rate 9%

$792,233 $792.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,600 SF

Gross rent

$132.5K $28.80/SF

− Vacancy

−$13.6K −$2.97/SF

EGI

$118.8K $25.83/SF

− OpEx

−$47.5K −$10.33/SF

NOI

$71.3K $15.50/SF

Area

Chester County, PA

Vacancy

10.30%

Lease Rate

$28.80 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,426,020

Cap Rate 7%

$1,018,586

Cap Rate 9%

$792,233

Alternative Uses

Best Use

Healthcare Medical

$1.02M

$891.3K – $1.19M (±1% cap)

NOI $71,301 @ 7.0% cap · market cap 7.71%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.39M

$1.22M – $1.63M (±1% cap)

NOI $97,627 @ 7.0% cap · market cap 10.55%

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

Property Analytics

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Current Use

lotuswings Alternative Medicine Practice Hannafin Christine PHD Counselor Delcollo Gregory Alternative Medicine Practice Janet G. McGaurn, ... Alternative Medicine Practice Dr. Abhinai Gupta Physician

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Locksmith Supermarket Daycare Center Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

3,382

Businesses Nearby

Explore this area Business Placement

Demographics for 19380, PA

50,692

Population

21,490

Households

2.4

Avg Household Size

43

Median Age

64%

College-Educated

97%

High-School Grad

30.5 sq mi

ZIP Area

1,662

Density / Sq Mi

$122,876

Median Household Income

$69,599

Median Earnings

$1,820

Median Rent

$530,400

Median Home Value

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Frequently Asked Questions

What type of property is this?

Medical center - 4,600 SF medical building with two ADA-compliant entrances and 19-car parking.

Where is this medical center located?

The property is located at 419 N Franklin St West Chester, PA.

What is the asking price?

The asking price for this property is $925,000.

What are key features of this property?

This property features: 4,600 SF medical building on 0.51 acres in West Chester Borough; 2,800 SF on the first floor plus 1,600 SF unfinished second floor; Two fully ADA‑compliant entrances