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    701 State St Kennett Square, PA 19348

    For Sale
    Contact for pricing

    Prime 0.42-acre C-2 zoned lot. High visibility location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.42-acre commercial land parcel presents a remarkable redevelopment opportunity in the thriving town of Kennett Square, Pennsylvania. Located at 701 West State Street, this strategically positioned property boasts a highly desirable C-2 zoning classification, allowing for a wide range of commercial uses. The lot features two convenient access points from West State Street and Mill Road, ensuring excellent accessibility and visibility. Its prime corner location offers significant advantages for businesses seeking high traffic exposure. The property sits directly across from a newly constructed 166-unit apartment complex, providing a substantial built-in customer base. Furthermore, its proximity to the popular Victory Brewing Company adds to its appeal and potential for synergistic business development. This exceptional location, combined with the flexible zoning and convenient access, makes this property an ideal investment for developers and entrepreneurs seeking a high-impact commercial venture in a vibrant and growing community. The 19348 zip code offers easy access to major transportation routes and amenities. This is a rare opportunity to acquire a significant commercial land parcel in a highly sought-after location.

    Property Features for 701 State St

    General Information

    Property type
    Land
    Lot Size
    18,295 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennett Square
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.720825
    Latitude
    39.845687

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    FAQs

    What type of property is this?
    Land - Prime 0.42-acre C-2 zoned lot. High visibility location.
    Where is this land located?
    The property is located at 701 State St Kennett Square, PA.
    (717) 843-5555
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    701 State St Kennett Square, PA 19348
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    Kennett Square, PA 19348
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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
    701 State St Kennett Square, PA 19348
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