23 Paoli Pike Paoli, PA 19301-1852
- Office buildings
- 7,950 SF
- 0.57 lot acres
Current Use by Public Records
- Dayspring Counseling Services / Psychologist
- Main Line Insurance Office Inc / Insurance Agency / Auto Insurance Agency
- Dr. Jennifer Yue, D.D.S. / Cosmetic Dentist / Dentist
- Accel Academy | Paoli / Educational Institution / Learning Center
- Chamberlin & Reinheimer Insurance / Insurance Agency
Property Details for 23 Paoli Pike
- Year built
- 1900
- Lot size
- 0.57 lot acres
- Property size
- 7,950 SF
- Zone code
- OP
- Property type
- Office buildings
- APN
- 5401L00850000
- APU
- 5401L00850000
Description
This exceptional commercial property, located at 23 Paoli Pike in Paoli, Pennsylvania (zip code 19301), presents a compelling investment opportunity. The 8,000+ square foot Class B multi-tenant office building sits on a 0.57-acre lot in the heart of Paoli's Town Center District (TCD). Its highly visible location at the intersection of Lancaster Avenue and Paoli Pike offers excellent accessibility and walkability to the local commuter rail station, shops, and restaurants. The building's attractive architecture enhances its curb appeal. Currently configured as a four-unit office building, this property offers significant potential for future development and redevelopment. The asking price is $995,000. Directions: From Routes 202 or 252 South, turn right onto Lancaster Avenue. Take a slight left at the light onto State Road. The building is on the right, past the Ford dealership. This property is an ideal investment for those seeking a well-located, multi-tenant office building with strong potential for growth and return. The property's location within the TCD ensures high visibility and convenient access to amenities. The existing four-unit configuration provides immediate income potential, while the ample space and prime location offer significant upside for future development or repositioning.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $875,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $880,000
- 6.5%
- $1,005,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $835,000
- Geo Method
- $995,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $960,000
- Retail
- $765,000
- Mixed-Use
- $840,000
- Hospitality
- $740,000
- Educational
- $905,000
- Residential Income
- $790,000
- Energy
- $715,000
- Income-Based Land
- $830,000
- Food Service
- $790,000
Location Insight
- Map
- Local Demand
- City
- Paoli
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.488
- Latitude
- 40.0412
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
