Commercial Property in Chester,
For Sale
$590,000
816 W 2nd St, Chester, PA 19013
Commercial property available for sale in Chester, Pennsylvania.
Property Size3,150 SF
Price / SF$187.30
Days on Market143
Property Features for 816 W 2nd St
General Information
Standard status
Active
Size
3,150 SF
Building Details
Year Built
1957
Listing Agency:
RE/MAX Prime Real Estate
Listed By:
Melanie A Costa · License #AB066442
(484) 437-5421
Source:
Lgagne
Added: May 24
Changed: Sep 12
Last Checked: Oct 7 at 1:00PM
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
Investment Insights
Based on property information with market context.
The commercial property, located at 816 W 2nd St, Chester, PA 19013, is available for sale. The property is 3,150 square feet and is located in Delaware County. The property is suitable for auto shops, automotive purposes, retail spaces, and other commercial real estate ventures. The location can be reached by traveling south on Lincoln Ave (Route 420), turning right on Route 291, and arriving at 816 W. 2nd Street on the right.
Key Highlights
- Located on W. 2nd Street
- Situated in Delaware County
- On‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,925
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,500
$618.5K
Cap Rate 7%
$441,786
$441.8K
Cap Rate 9%
$343,611
$343.6K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$47.3K $15.00/SF
− Vacancy
−$3.1K −$0.98/SF
EGI
$44.2K $14.03/SF
− OpEx
−$13.3K −$4.21/SF
NOI
$30.9K $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%
$618,500
Cap Rate 7%
$441,786
Cap Rate 9%
$343,611
Alternative Uses
Best Use
Retail
$441.8K
$386.6K – $515.4K
NOI $30,925 @ 7.0% cap · market cap 5.24%
Second Best
Industrial
$272.9K
$238.8K – $318.4K
NOI $19,106 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$955.0K
$835.7K – $1.11M
NOI $66,853 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Well-served
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
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Heavens Auto Body & Repair LLC — 2200 W 2nd St, Chester, PA 19013
- Twin Boys racing auto body LLC — 2211 Mary St, Chester, PA 19013
- Shellman's Auto Body — 418 Jeffrey St, Chester, PA 19013
- iDrive Auto Service — 420 Jeffrey St, Chester, PA 19013
- Quicks Tire Services. — 301 Flower St, Chester, PA 19013
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property available for sale in Chester, Pennsylvania.
Where is this auto shop located?
The property is located at 816 W 2nd St Chester, PA.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Located on W. 2nd Street; Situated in Delaware County; On‑street parking available
