1199 Horseshoe Pike Downingtown, PA 19335-1374
- Turn key restaurants
- 1,593 SF
- 0.41 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 1199 Horseshoe Pike
- Year built
- 2016
- Lot size
- 0.41 lot acres
- Property size
- 1,593 SF
- Zone code
- VC
- Property type
- Turn key restaurants
- APN
- 3005 00680000
- APU
- 300500680000
Description
This 1,528 square foot free-standing retail building, renovated in 2016, is ideally suited for a pharmacy or similar business. Located at a prominent four-way intersection on busy Route 322 (Horseshoe Pike) in Downingtown, Pennsylvania, this property boasts excellent visibility and high traffic counts exceeding 16,000 vehicles per day. The 0.41-acre lot includes 12 parking spaces, ensuring ample customer convenience. The interior features a well-designed layout including a sales floor with attractive flooring and countertops, a dedicated register area, multiple back rooms, a restroom, a security system, and a vault. This turnkey opportunity is situated in the Guthriesville submarket of East Brandywine Township, offering immediate access to a thriving customer base. The asking price is $900,000, with a price per square foot of $589.01. This single-story building presents a rare chance to acquire a well-established retail space in a high-demand location. The property's prime location and existing infrastructure make it an attractive investment for a variety of retail uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $345,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $315,000
- Mixed-Use
- $345,000
- Hospitality
- $330,000
- Educational
- $295,000
- Residential Income
- $385,000
- Energy
- $295,000
- Income-Based Land
- $320,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Downingtown
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.7633
- Latitude
- 40.0332
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA