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Property profile & analytics
FOR SALE
Commercial land

701 W State St Kennett Square, PA 19348

1,188 SF 0.42 ac lot Built 1930
Individually Owned 16-yr Hold Free & Clear
Property ID
US73-5901910
Property summary
AI-generated overview

This exceptional 0.42-acre commercial land parcel, located at 701 West State Street in Kennett Square, Pennsylvania, presents a compelling investment opportunity. Situated in Chester County, zip code 19348, this property boasts a highly desirable C-2 zoning designation, opening doors to a wide array of potential commercial uses. The lot's prime corner location on State Street ensures high visibility and accessibility, further enhanced by its placement at a signalized intersection. This strategic positioning guarantees significant exposure to a substantial volume of daily traffic. The property's 0.42-acre size offers ample space for development, while its proximity to several recently completed developments underscores the area's robust growth and potential for future appreciation. The asking price for this exceptional property is $500,000. This is a rare chance to acquire a strategically located commercial lot in a thriving Pennsylvania market. Don't miss this opportunity to capitalize on the potential of this prime development site. The property's latitude and longitude coordinates are 39.845687 and -75.720825 respectively.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1930
Total area 1,188 SF
Lot 0.42 ac (18,425 SF)
Zoning code C2
APN 0302 00710000
UPID US73-5901910
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
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
George Germanovich · 16 yrs held
George Germanovich
since 2010
2 recorded transactions
2010
Price N/A
2005
$465,000
Zoning & alternative use
C2 · Kennett Square, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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