Two-Story Mixed-Use
For Sale
$270,000
700 Lloyd St, Chester, PA 19013
Commercial space occupies the first floor, with two updated one-bedroom apartments above and separate utilities for each unit.
Property Size2,500 SF
Price / SF$108
Days on Market94
Property Features for 700 Lloyd St
General Information
Standard status
Active
Size
2,500 SF
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Stories
2
Listing Agency:
RE/MAX Prime Real Estate
Listed By:
Jaimee A. Cohen · License #RM424669
(610) 622-7500
Source:
Kandorre
Added: Aug 5
Changed: Oct 26
Last Checked: Oct 7 at 2:41PM
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 RE/MAX Prime Real Estate
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,500-square-foot mixed-use property combines a commercial first floor with two residential apartments. The commercial area includes a partially equipped kitchen, storage room, bar area, and two powder rooms, supporting a range of food-service or business configurations. The upper level contains two updated one-bedroom, one-bathroom apartments, each with a renovated kitchen featuring granite countertops and upgraded cabinetry, a renovated bathroom, and vinyl flooring.
Each apartment has its own forced-air heating and central air, electric service, and water heater. The property is located at 700 Lloyd St in Chester, Pennsylvania. It is offered AS-IS, and buyers are responsible for confirming that any proposed use complies with City requirements.
Each apartment has its own forced-air heating and central air, electric service, and water heater. The property is located at 700 Lloyd St in Chester, Pennsylvania. It is offered AS-IS, and buyers are responsible for confirming that any proposed use complies with City requirements.
Key Highlights
- 2,500‑square‑foot mixed‑use building constructed in 1920
- Commercial first floor with partially equipped kitchen, storage, bar area, and two powder rooms
- Two updated 1‑bedroom, 1‑bathroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,750
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,000
$495.0K
Cap Rate 7%
$353,571
$353.6K
Cap Rate 9%
$275,000
$275.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$5.4K −$2.16/SF
EGI
$39.6K $15.84/SF
− OpEx
−$14.9K −$5.94/SF
NOI
$24.8K $9.90/SF
Area
Delaware County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,000
Cap Rate 7%
$353,571
Cap Rate 9%
$275,000
Alternative Uses
Best Use
Multifamily LT 5
$391.5K
$342.5K – $456.7K
NOI $27,402 @ 7.0% cap · market cap 10.15%
Second Best
Apartment 5plus
$358.0K
$313.3K – $417.7K
NOI $25,062 @ 7.0% cap · market cap 9.28%
Theoretical Best
Office A
$758.0K
$663.2K – $884.3K
NOI $53,058 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space occupies the first floor, with two updated one-bedroom apartments above and separate utilities for each unit.
Where is this mixed-use property located?
The property is located at 700 Lloyd St Chester, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 2,500‑square‑foot mixed‑use building constructed in 1920; Commercial first floor with partially equipped kitchen, storage, bar area, and two powder rooms; Two updated 1‑bedroom, 1‑bathroom apartments
