1254 Chester PikeHavertown, PA 19083
- Other mixed-use properties
- 20,000 SF
Property Details for 1254 Chester Pike
- Year built
- 1920
- Lot size
- 1.13 AC
- Property size (Sq ft)
- 20,000 SF
- Property type
- Other mixed-use properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property, situated at 1254 West Chester Pike in Havertown, Pennsylvania, presents a compelling investment opportunity. Built in the 1920s, this landmark building boasts a total of 20,000 square feet across 1.13 acres of land. The property comprises sixteen individual units, strategically divided between ground-level retail spaces and a mix of retail and office spaces on the upper levels. Its prime location on West Chester Pike ensures high visibility and accessibility, benefiting from an impressive average daily traffic count of 16,348 vehicles. The property's strategic positioning between two prominent national tenants, Starbucks and McDonald's, further enhances its appeal and potential for sustained occupancy. Currently, some rental rates are below market value, presenting a significant opportunity for immediate value enhancement through lease adjustments. With strategic improvements and lease optimization, this property offers substantial short-term and long-term value-add potential, making it an attractive investment for discerning buyers seeking a strong return on investment in a desirable location. The asking price for this historic Havertown gem is $2,790,000.
Location Insight
- City
- Havertown
- County
- Delaware
- State
- Pennsylvania
- Latitude
- 39.9726
- Longitude
- -75.3188
Comparable in this City
Similar Nearby for Sale
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