Property profile

897 Matlack St West Chester, PA 19382

OFF-MARKET
Turn key restaurants
Property ID
US73-2051407
28,062 SF 2.7 ac lot Built 1985
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 30,100 square foot flex space property, situated on a 3.4-acre lot in Chester County, presents a unique investment opportunity. The single-tenant building, constructed in 1985, boasts a spacious layout with ceiling heights ranging from 16 to 22.8 feet, providing ample vertical space for diverse operational needs. The property includes one loading dock and one drive-in door, both measuring 10 feet wide, ensuring efficient loading and unloading. Three-phase power is readily available. The building is zoned I-2 Light Industrial, offering flexibility for a variety of commercial uses. The property features 58 total parking spaces, providing ample parking for employees and customers. Recent improvements include a new roof installed in 2023 and a currently in-progress sprinkler system upgrade. Its prime location at a signalized intersection on Route 202 offers excellent visibility and accessibility. The property enjoys close proximity to major roadways including Routes 30, 1, 322, 926, 52, and I-95, providing convenient access to a wide regional area. Located just outside of downtown West Chester, this property offers a blend of suburban convenience and accessibility to a thriving urban center. Public water, sewer, and gas services are available. This property is available for sale or lease.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Total area 28,062 SF
Lot 2.7 ac (117,612 SF)
Zoning code I2
APN 5205 021801A0
UPID US73-2051407

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

897 Matlack St West Chester, PA 19382-4508
West Chester metro Census 302706 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.11M
Blend (final) Blend
$4.50M

Owner & transaction history

since 2024
Last sale
$4.5M
1 recorded transaction
2024
$4.5M

Zoning & alternative use

I2 · West Chester, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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