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Property profile & analytics
OFF-MARKET Estimated value $2,500,000
Office buildings

220 Gay St West Chester, PA 19380-2917

11,568 SF 0.15 ac lot Built 1900
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-0124752
Property summary
AI-generated overview

This exceptional two-story, Colonial-style brick office building, located at 220 W Gay St in West Chester, Pennsylvania (zip code 19380), presents a unique owner/user investment opportunity. Built in 1972, the property sits on a 0.45-acre lot and is zoned C-1, offering considerable flexibility. The building boasts approximately 4,592 square feet of leasable space, divisible into smaller units ranging from 560 square feet, making it suitable for a variety of businesses. Ample on-site parking accommodates 16 vehicles. The building's prominent location on W Gay St in the heart of West Chester provides excellent signage opportunities and high visibility. Its proximity to major roadways, including West Chester Pike (Route 3) and Newtown Street Road (252), ensures easy accessibility for clients and employees. The seller is open to providing tenant improvements for qualified tenants. The asking price for this turnkey property is $2,500,000. The building is currently available for occupancy on October 6th, 2024. This presents a rare chance to acquire a well-situated, established office building in a thriving West Chester location. The property's flexible floor plans and convenient amenities make it an ideal investment for both established businesses and startups alike.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 11,568 SF
Lot 0.15 ac (6,613 SF)
Zoning code TC
APN 0108 04360000
UPID US73-0124752
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
  • Trinh (Angela) Nguyen-Smallwood, MS, LPC Family Counselor
  • BULLSEYE MARKETING SYSTEMS, LLC Marketing & Advertising
  • Catherine Bateman, MA Physician
  • Pa Express Girls Lacrosse Association / Organization
  • Ambrose Wealth Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.50M
CAP Approach CAP
$2.99M
Comparable Approach Comparable
$2.01M
Blend (final) Blend
$2.50M
Owner & transaction history
220 W Gay St LLC · 1 yrs held
220 W Gay St LLC
since 2024
Last sale
$2.5M
7 recorded transactions
2024
$2.5M
2022
$1.2M
2016
$800,000
2016
$400,000
2016
Price N/A
2003
$113,920
1969
Price N/A
Zoning & alternative use
TC · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $3.9M +54.5%
Commercial (general) $3.4M +37.9%
Restaurant $3.3M +34.0%
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