You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Office buildings

23 W Chester Pike Ridley Park, PA 19078

15,456 SF 0.29 ac lot Built 1990
Individually Owned 26-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-0455196
23 W Chester Pike, Ridley Park, PA 19078 For Sale
Contact for pricing 15,456 SF
23 W Chester Pike, Ridley Park, PA 19078
View Listing →
Property summary
AI-generated overview

This exceptional 15,400 square foot office building, situated at 23 W Chester Pike in Ridley Park, Pennsylvania, presents a compelling investment opportunity. Priced at $2,400,000, this traditional office space boasts a strong 9.12% capitalization rate, generating a net operating income (NOI) of $218,853. The building's prime location along the bustling West Chester Pike (Route 13) ensures high visibility and accessibility. Its proximity to major highways, including Interstates 95 and 476, and its convenient location less than seven miles from Philadelphia International Airport, significantly enhance its appeal. Currently, approximately 1,000 to 4,600 square feet of space is available for sale. The property is ideally suited for a variety of professional office or medical users seeking to establish or expand their presence in the thriving Ridley Park market. The asking price per square foot is $155.84. This property offers a rare combination of strong financial performance, excellent location, and significant potential for future growth, making it an attractive investment prospect. The zip code is 19078, and the property is located in Delaware County.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Total area 15,456 SF
Lot 0.29 ac (12,519 SF)
APN 37-00-00320-00
UPID US73-0455196
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
  • Alaina Jacobi, PA Physician
  • Dr. Michael B. Torrence, MD Pediatrician Medical Clinic
  • Dr. Pamela G. Mehalick, DO Pediatrician Physician
  • Altomari Gia N MD Pediatrician Physician
  • Taylor Alan R Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$914k
Blend (final) Blend
$890k
Owner & transaction history
Ridley Park Medical Building · 26 yrs held
Ridley Park Medical Building
since 2000
3 recorded transactions
2010
Price N/A
2003
Price N/A
2000
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message