Storefront with Existing
609 WELSH ST, Chester, PA 19013
For Sale
Contact for pricing
The property includes equipment in place and sits directly across from the Chester Transit Center.
Property Size1,140 SF
Price / SF$307.02
Days on Market26
Property Features for 609 WELSH ST
General Information
Standard status
Size
Property subtype
Listing Agency:
KW Commercial Brandywine Valley
Listed By:
Rich DiPrimio · License PA RS338327
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 6:15PM
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 KW Commercial Brandywine Valley
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 1,140-square-foot storefront includes existing equipment. The sale is of the real estate, with the equipment included; no operating business is being offered.
The property is directly across from the Chester Transit Center in Chester, Pennsylvania.
The property is directly across from the Chester Transit Center in Chester, Pennsylvania.
Key Highlights
- Approximately 1,140 square feet of storefront space
- Existing equipment is included in the sale
- Directly across from the Chester Transit Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,192
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,840
$223.8K
Cap Rate 7%
$159,886
$159.9K
Cap Rate 9%
$124,356
$124.4K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$17.1K $15.00/SF
− Vacancy
−$1.1K −$0.98/SF
EGI
$16.0K $14.03/SF
− OpEx
−$4.8K −$4.21/SF
NOI
$11.2K $9.82/SF
Area
Delaware County, PA
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,840
Cap Rate 7%
$159,886
Cap Rate 9%
$124,356
Alternative Uses
Best Use
Retail
$159.9K
$139.9K – $186.5K
NOI $11,192 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.7K
$341.9K – $455.9K
NOI $27,351 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,582
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Delaware County, PA
Properties on Market for Storefront properties in Delaware County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Naomi's Towne & Country Flowers — 400 Edgmont Ave #972, Chester, PA 19016
- Naomi's Towne & Country Flowers — 20 e 5th st #101, chester, pa 19013
- Naomi's Regional Floral Fulfillment Service — 20 e 5th st #101, chester, pa 19013
- Boyd's Flowers — Chester, PA 19013
Frequently Asked Questions
What type of property is this?
Storefront property - The property includes equipment in place and sits directly across from the Chester Transit Center.
Where is this storefront property located?
The property is located at 609 WELSH ST Chester, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 1,140 square feet of storefront space; Existing equipment is included in the sale; Directly across from the Chester Transit Center
