Property profile

110 Hopewell Rd Downingtown, PA 19335

FOR SALE
Office buildings
Property ID
US73-5788192
19,800 SF 1.5 ac lot Built 1988
Entity Owned 3-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 19,800 SF
110 Hopewell Rd, Downingtown, PA 19335
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Property summary

AI-generated overview

This exceptional two-story, 13,552 square foot multi-tenant office building at 110 Hopewell Road in Downingtown, PA 19335 presents a fantastic opportunity. Currently, 1,527 square feet of readily available space is perfect for a medical office, traditional office, or executive suite. The building boasts 52 parking spaces for ample client and staff convenience. Accessibility is ensured with an elevator and ADA compliance. The building is situated in a thriving market and benefits from recent upgrades by the new local ownership. The zoning is TND-1, East Brandywine Twp. The property features a total of one suite, offering a unique opportunity for a single tenant to occupy the available space or the potential for future expansion within the building. The minimum divisible space is 1,527 square feet, making it ideal for businesses of various sizes. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a professional and well-maintained office space in a growing community. The building's brick exterior adds to its curb appeal and overall professional image. Don't miss this chance to secure your business's future in this desirable Downingtown location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Total area 19,800 SF
Lot 1.5 ac (65,340 SF)
Zoning code R2
APN 3005 00700500
UPID US73-5788192

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Dental Office
  • Medical Laboratory Blood Testing Service
  • Dental Office
  • Family Counselor

Location

110 Hopewell Rd Downingtown, PA 19335
Downingtown metro Census 304300 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$2.08M

Owner & transaction history

since 2023
Last sale
$1.7M
5 recorded transactions
2023
$1.7M
2007
$1.6M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R2 · Downingtown, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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