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16 E Gay St West Chester, PA 19380

Turn key restaurants Google Maps
2,333 SF 0.03 ac lot Built 1860
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.20M
Range $1.08M – $1.32M (±10%)
Property ID US73-2105539

Property summary

AI-generated overview

This exceptional restaurant opportunity is located at 16 E Gay Street in the vibrant Borough of West Chester, Pennsylvania. The property boasts 2,333 square feet of prime commercial space, ideal for a variety of culinary concepts. Situated in Chester County, this single-tenant property offers a turnkey operation with existing restaurant infrastructure already in place. Key features include a fully installed hood and Ansul fire suppression system, ensuring safety and compliance. A walk-in refrigerator and ample sinks are also included, minimizing the need for significant upfront investment in essential equipment. The property's location on Gay Street places it within the heart of West Chester's bustling downtown area, providing excellent visibility and accessibility to a large customer base. This is a rare chance to acquire a well-equipped restaurant space in a highly desirable location, ready for immediate occupancy. The property is zoned for commercial use and is conveniently located near other businesses, residential areas, and ample parking options. This presents a unique opportunity for an established restaurant or a new culinary venture seeking a prime location in a thriving Pennsylvania town. The 19380 zip code ensures easy access to major transportation routes. The property's size and existing features make it an attractive option for a variety of restaurant concepts.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1860
Total area 2,333 SF
Lot 0.03 ac (1,310 SF)
Zoning code TC
APN 0109 01270000
UPID US73-2105539

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
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Law Firm
  • Restaurant
  • Clothing & Fashion Store
  • Information Services

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$848k
Blend (final) Blend
$1.20M

Owner & transaction history

since 2024
Last sale
$1.2M
7 recorded transactions
2025
Price N/A
2025
Price N/A
2024
$1.2M
2021
$670,000
2016
Price N/A
2012
Price N/A
2010
$125,000

Zoning & alternative use

TC · West Chester, PA
Zoning description

-304 Permitted uses. § 112-305 General design standards. § 112-306 NC-1 Neighborhood Conservation District. § 112-307 NC-2 Neighborhood Conservation District. § 112-308 NC-3 Neighborhood Conservation District. § 112-309…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $780,000 +15.3%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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