Retail Building with Drive-In
622 E Gay St, West Chester, PA 19380
For Sale
$1,100,000
Commercial-zoned retail property with flexible loading access and on-site parking.
Property Size4,620 SF
Lot Size0.21 Acres
Price / SF$238.10
Days on Market48
Property Features for 622 E Gay St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Business Included
Building Details
Year Built
Listing Agency:
LPT Realty, LLC
Listed By:
Gary A Mercer Sr.
Source:
Kathywolfgang
Added: Sep 22
Changed: Oct 26
Last Checked: Nov 6 at 11:33AM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This 4,620 SF retail building occupies an approximately 9,024 SF lot, or .21 acres, and is commercially zoned. The property is currently home to Market Street Hardware and General Store, with a layout that has supported multiple end users over time. Interior ceiling heights range from 12 to 15 feet, providing adaptable retail and storage capacity.
Located at 622 E Gay Street in West Chester, the building includes a rear drive-in door, a side roll-up door, and approximately 12 parking spaces. The combination of customer parking, multiple loading points, and an existing retail configuration supports continued commercial use. The property is offered with the real estate and the current hardware-store operation in place.
Located at 622 E Gay Street in West Chester, the building includes a rear drive-in door, a side roll-up door, and approximately 12 parking spaces. The combination of customer parking, multiple loading points, and an existing retail configuration supports continued commercial use. The property is offered with the real estate and the current hardware-store operation in place.
Key Highlights
- 4,620 SF commercial‑zoned retail building
- Approximately 9,024 SF lot, or .21 acres
- 12‑15 foot ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,216
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,320
$1.0M
Cap Rate 7%
$745,943
$745.9K
Cap Rate 9%
$580,178
$580.2K
Market Conditions
NOI Build-Up for 4,620 SF
Gross rent
$83.2K $18.00/SF
− Vacancy
−$8.6K −$1.85/SF
EGI
$74.6K $16.15/SF
− OpEx
−$22.4K −$4.84/SF
NOI
$52.2K $11.30/SF
Area
Chester County, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,320
Cap Rate 7%
$745,943
Cap Rate 9%
$580,178
Alternative Uses
Best Use
Retail
$745.9K
$652.7K – $870.3K
NOI $52,216 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,052 @ 7.0% cap · market cap 8.91%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,973
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Home Improvements & Furnishings 27%
Dining 20%
Ace Hardware Of West Chester
Home Improvements & Furnishings
8,809 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,086 visits/mo
0.5 miles
Petco
Shops & Services
6,391 visits/mo
0.5 miles
SUBWAY
Dining
3,777 visits/mo
0.3 miles
Insomnia Cookies
Dining
2,966 visits/mo
0.5 miles
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
$530,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Chester County, PA
Properties on Market for Retail space in Chester County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial-zoned retail property with flexible loading access and on-site parking.
Where is this retail space located?
The property is located at 622 E Gay St West Chester, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,620 SF commercial‑zoned retail building; Approximately 9,024 SF lot, or .21 acres; 12‑15 foot ceiling heights
