711 E Gay St West Chester, PA 19380
- Auto shops
- 11,439 SF
- 2.60 lot acres
Current Use by Public Records
- KeyMe Locksmiths / Key Duplication Service / Emergency Locksmith Service
- Pep Boys / Auto Repair Shop / Oil Change Service
Property Details for 711 E Gay St
- Year built
- 1965
- Lot size
- 2.60 lot acres
- Property size
- 11,439 SF
- Zone code
- C5
- Property type
- Auto shops
- APN
- 5205F00090000
- APU
- 5205F00090000
Description
This exceptional retail property, located at 711 E Gay St in West Chester, Pennsylvania (zip code 19380), offers 22,356 total square feet in a single-story building. Currently, 11,400 square feet is available for lease. The property is ideally suited for a variety of uses, including but not limited to medical facilities (dialysis or plasma centers), daycare centers (child or pet), discount retail, furniture stores, tool and hardware retailers, and automotive-related businesses that do not directly compete with the existing tenant's tire and repair operations (examples include collision centers, auto glass shops, or auto parts stores that are not directly competitive). The existing tenant, Pep Boys, occupies the remaining space under a long-term ground lease and will continue their tire and auto repair operations. The former parts sales area, ranging from 3,200 to 11,400 square feet, is now vacant and ready for immediate occupancy. Negotiable cash allowances may be available for suitable tenants, contingent upon rent aligning with a reasonable return on investment for property improvements. This high-visibility location in West Chester offers significant potential for a variety of businesses seeking a prominent presence in a thriving community. The property's size and flexibility make it an attractive opportunity for businesses looking to expand or establish themselves in a strategic market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $460,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $665,000
- 6.5%
- $650,000
- 7%
- $715,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $600,000
- Geo Method
- $685,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $635,000
- Retail
- $625,000
- Mixed-Use
- $770,000
- Hospitality
- $705,000
- Educational
- $680,000
- Residential Income
- $565,000
- Energy
- $690,000
- Income-Based Land
- $585,000
- Food Service
- $620,000
Location Insight
- Map
- Local Demand
- City
- West Chester
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.5941
- Latitude
- 39.9664
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
