1254 Chester Pike Havertown, PA 19083

Property Details for 1254 Chester Pike

Year built

1920

Lot size

1.21 lot acres

Property size

20,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional mixed-use investment opportunity presents the LM Professional Building, a historic three-story structure situated on 1.21 acres in desirable Havertown, Pennsylvania. Built in 1920, this 20,000 square foot building boasts 18,681 net rentable square feet and houses sixteen tenants across a mix of retail and office spaces. Currently operating at 98% occupancy, the property generates a substantial net operating income (NOI) of $233,198, representing an attractive 8.36% cap rate on the $2,790,000 asking price. The building benefits from a prime location on West Chester Pike, a highly trafficked thoroughfare (16,348 vehicles per day), strategically positioned between Starbucks and McDonald's. The property includes 75 parking spaces and features a modified lease structure with rent bumps. The C-3 zoning permits a variety of uses, and the current tenant mix offers significant value-add potential through market rent adjustments and operational improvements. The property's strong financial performance, coupled with its prime location and historical significance, makes it an ideal investment for discerning buyers seeking a stabilized, multi-tenant asset in a thriving Pennsylvania market. The gross collection income is $320,307. The property's location is central to Route 3, I-476 (Blue Route), and Route 1, providing easy access to Philadelphia and West Chester. The included parking lot behind McDonald's adds further value. The low expense ratio of 27% further enhances the property's profitability.

Location Insight

City

Havertown

County

Delaware

State

Pennsylvania

Longitude

-75.3188

Latitude

39.9728