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    23 Chester Pike Ridley Park, PA 19078

    Sponsored
    For Sale
    $2,400,000

    High-Cap Rate Office Building in Ridley Park, PA

    Property size:
    15,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,400 square foot office building, situated at 23 W Chester Pike in Ridley Park, Pennsylvania, presents a compelling investment opportunity. Priced at $2,400,000, this traditional office space boasts a strong 9.12% capitalization rate, generating a net operating income (NOI) of $218,853. The building's prime location along the bustling West Chester Pike (Route 13) ensures high visibility and accessibility. Its proximity to major highways, including Interstates 95 and 476, and its convenient location less than seven miles from Philadelphia International Airport, significantly enhance its appeal. Currently, approximately 1,000 to 4,600 square feet of space is available for sale. The property is ideally suited for a variety of professional office or medical users seeking to establish or expand their presence in the thriving Ridley Park market. The asking price per square foot is $155.84. This property offers a rare combination of strong financial performance, excellent location, and significant potential for future growth, making it an attractive investment prospect. The zip code is 19078, and the property is located in Delaware County.

    Property Features for 23 Chester Pike

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,400 SF

    HighLights

    • 15,400 SF office building in Ridley Park, PA, priced at $2,400,000.
    • 9.12% capitalization rate, generating $218,853 NOI.
    • High‑visibility location on West Chester Pike (Route 13), near I‑95 & I‑476, and less than 7 miles from PHL Airport.
    • 1,000‑4,600 SF of space currently available for sale; $155.84/SF.
    • Ideal for office or medical users; Zip code 19078, Delaware County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alaina Jacobi, PA Doctor Dr. Michael B. ... Pediatrician Dr. Pamela G. ... Family Practice Physician Altomari Gia N ... Family Practice Physician Taylor Alan R Doctor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridley Park
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3232251
    Latitude
    39.8757722

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    FAQs

    What type of property is this?
    Office Property / Space - High-Cap Rate Office Building in Ridley Park, PA
    Where is this office property / space located?
    The property is located at 23 Chester Pike Ridley Park, PA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 15,400 SF office building in Ridley Park, PA, priced at $2,400,000.; 9.12% capitalization rate, generating $218,853 NOI.; High-visibility location on West Chester Pike (Route 13), near I-95 & I-476, and less than 7 miles from PHL Airport.
    (717) 843-5555
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    23 Chester Pike Ridley Park, PA 19078
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    Ridley Park, PA 19078
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Chester Pike Ridley Park, PA 19078
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