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Property profile & analytics

16 E Gay St West Chester, PA 19380

  • Turn key restaurants
  • 2,333 SF
  • 0.03 lot acres
For Sale
Last Sale
Dec 09, 2024
$1,200,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US73-2105539
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Tikaro Interactive / Website Designer
  • Law Offices of A.J. Ober, IV, Esq. / Personal Injury Attorney
  • Central Bistro / Barbecue Restaurant
  • Sharri Group Corp / Belt Shop
  • Partner First Technology, LLC / Information Services

Property Details for 16 E Gay St

Year built
1860
Lot size
0.03 lot acres
Property size
2,333 SF
Zone code
TC
Property type
Turn key restaurants
APN
0109 01270000
APU
10901270000

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,200,000
    ML approach
    $1,200,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $848,000
    Market price range: $492k - $848k
  • Alternative Use

    Use
    Estimation
    AUTO REPAIR, GARAGE
    $780,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
West Chester
County
Chester
State
Pennsylvania
Longitude
-75.6046
Latitude
39.9606
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,284
$25,840
$153,320
$179,160
-
$25,840
$153,320
$179,160
More about this property
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