Two-Unit Live-Work
New
For Sale
Contact for pricing
523 KIMBERTON ROAD, Phoenixville, PA 19460
Each residence pairs apartment living with multiple rooms suited to a home office.
Property Size33,000 SF
Price / SF$0.49
Days on Market5
Property Features for 523 KIMBERTON ROAD
General Information
Standard status
Active
Size
33,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2
Building Details
Year Built
1988
Building Size
33,000 SF
Tenancy
Multi
Abandoned
No
Listing Agency:
Countryside Realty
(610) 935-8578
Listed By:
Christopher L Meszaros · License #RM045029C
(610) 212-8380
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:31PM
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 Countryside Realty
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Investment Insights
Based on property information with market context.
Two live-work units occupy a converted second-floor office area at Pikeland Village Square. Each combines an apartment with more than one room for office use, and neither unit has been occupied. The property was built in 1988.
Pikeland Village Square is a retail and office complex near Downtown Phoenixville, along Route 113, which carries more than 10,000 vehicle trips per day. The center includes Customers Bank, Liberty Union Bar and Grille, Tips and Toe Nail Salon, and Rocco’s. Route 29 and the Pennsylvania Turnpike access are also noted in the surrounding area.
Pikeland Village Square is a retail and office complex near Downtown Phoenixville, along Route 113, which carries more than 10,000 vehicle trips per day. The center includes Customers Bank, Liberty Union Bar and Grille, Tips and Toe Nail Salon, and Rocco’s. Route 29 and the Pennsylvania Turnpike access are also noted in the surrounding area.
Key Highlights
- Two live‑work units created from second‑floor office space
- Each unit combines residential space with multiple rooms for office use
- Units have not previously been occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,446
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,688,920
$1.7M
Cap Rate 7%
$1,206,371
$1.2M
Cap Rate 9%
$938,289
$938.3K
Market Conditions
NOI Build-Up for 5,510 SF
Gross rent
$158.0K $28.68/SF
− Vacancy
−$22.9K −$4.16/SF
EGI
$135.1K $24.52/SF
− OpEx
−$50.7K −$9.20/SF
NOI
$84.4K $15.33/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$28.68 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,688,920
Cap Rate 7%
$1,206,371
Cap Rate 9%
$938,289
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,626 @ 7.0% cap · market cap 3,214.32%
Second Best
Mixed Use
$1.21M
$1.06M – $1.41M
NOI $84,446 @ 7.0% cap · market cap 3,133.43%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,940 @ 7.0% cap · market cap 4,339.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
Demographics for 19460, PA
43,611
Population
18,881
Households
2.3
Avg Household Size
40
Median Age
58%
College-Educated
96%
High-School Grad
34.5 sq mi
ZIP Area
1,264
Density / Sq Mi
$120,472
Median Household Income
$65,879
Median Earnings
$1,622
Median Rent
$426,000
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?
Live-work space - Each residence pairs apartment living with multiple rooms suited to a home office.
Where is this live-work space located?
The property is located at 523 KIMBERTON ROAD Phoenixville, PA.
What are key features of this property?
This property features: Two live‑work units created from second‑floor office space; Each unit combines residential space with multiple rooms for office use; Units have not previously been occupied
