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Property profile & analytics
FOR SALE
Commercial land

164 Byers Rd Chester Springs, PA 19425

Property ID
US73-0211890
Property summary
AI-generated overview

Perfect for a medical use building to support Fieldstone at Chester Springs, a 101 unit Retirement Community including independent living, assisted living and memory care units to open mid 2024. Fieldstone at Chester Springs is across the street on Byers Road. Newly Approved and Recorded, Engineered Land Development Plan 3.19.24. Good Access. Growing community with new retail and residential development nearby. Schools and parks nearby. Land purchase price includes Land Development Plans for a 7,572 SF (gross), 2-story office/medical/retail building consisting of 2,200 SF of usable space per floor, plus a 2,200 SF lower level basement, stair towers on both ends of building. Twenty-two planned parking spaces (based on 4,400 SF of usable space on ground floor and 2nd floors). Land is available for sale with three options: 1) Land with Building Approval, 2) Land with Building Shell, per Buyer's shell specifications for a price equal to the land's sale price + the negotiated cost to perform site work & construct building shell as specified by Buyer, or 3) Land & Turnkey Building for a price equal to the land's sale price + the negotiated cost to perform site work & construct building as specified by Buyer. Public water & sewer lines exist in Byers Road, and a sewer lateral is extended onto the lot. Tapping & connection fees to hook up to these public utilities to be paid by Buyer. Location: Route 100 North, right on Graphite Mine Road, right on Byers Road, property is on the south side. Located in Upper Uwchlan Township. Chester Springs is one of the most historically significant areas in Chester County. This location provides close access to major roads and highways. Traffic count 3,800+ cars per day at site, and over 29,000+ cars per day at Pottstown Pike intersection, 1/4 mile away. This is a Co-Listing with Marcus & Millichap.

Property profile
Verified
Property type Commercial land
UPID US73-0211890
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Berwyn's Heating and Air Conditioning Department Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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