124-128 W STATE STREET Kennett Square, PA 19348

$1,300,000
124-128 W STATE STREET, Kennett Square, PA 19348
Call 1-800-839-1363
1000407956

Commercial Property for sale in Kennett Square, PA

for $1,300,000. This 15,353 square foot building was built in 1900 on a lot size of 0X0.

Property Information

  • $1,300,000
  • Commercial
  • 15,353 Square Feet
  • Taxes are $13,283
  • Other / Unknown
  • Active
  • Lot size of 0X0
  • Built in 1900
  • Kennett Square, PA
  • Chester County
  • MLS/Web ID is 1000407956
  • Just Listed

Description

The 1st floor consist of 3 commercial units which have been combined into one large retail Jewelry Store which is NOT for sale. This unit has a lease in place with the 1st term being 03/01/16 to 02/28/2026 with an automatic renewal option for an additional 7.5 years. This unit has exclusive use of the basement and the tenant is responsible for Electric, Gas, HVAC and it's maintenance along with the Generator, Plumbing System for the Store, Trash and Snow Removal along with the front exterior of the building. The Owner pays for Water & Sewer. Access to the 3 Apartments on the 2nd floor is from a private entrance off of State Street. There is a common hallway for the 3 apartment units. Each apartment has 2 Bedrooms and have been completely renovated. Apartment "A" has 2 Bedrooms and 2 Bathrooms along with a Washer & Dryer... Apartment "B" has 2 bedrooms and 1 Bathroom.... Apartment "C" has 2 Bedrooms and 1 Bathroom.... Apartments "B" & "C" share a Washer & Dryer in the rear hallway. For a full description of the property please see the attached documents., All showings must take place Tuesday thru Saturday from 12:00 noon to 4:30pm...NO EXCEPTIONS!!

Room Information

  • Master Bedroom

Interior 4

Flooring

  • Carpet(s)
  • Tile Flooring
  • Vinyl Flooring
  • Wall-to-Wall Carpet

Heating Source

  • Oil

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 2

Construction

  • Brick

Road Frontage

  • Boro/Township
  • State Road

Miscellaneous 4

Location

  • Downtown
  • Near Highway

Maintenance Fee Includes

  • Gas
  • Water

Public Transportation Location

  • Nearby

Utilities

  • Bottled Gas

Rental 3

Landlord Pays

  • Sewer

Rent Includes

  • Taxes

Tenant Pays

  • Cooking Fuel
  • Electric
  • Heating

† Excluded Feature

Neighborhood & Schools

School District: KENNETT CONSOLIDATED

 See complete school information

Listed By

Broker: LONG & FOSTER- WEST CHESTER

124-128 W STATE STREET, Kennett Square, PA, 19348 is a Commercial Property for sale at $1,300,000 with 15,353 sqft and a lot size of 0X0. 124-128 W STATE STREET was built in 1900. The property's zip code is 19348 which is in Kennett Square, PA

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Market Pricing

Average % of sale price Median % of sale price
All listings in Kennett Square $654,876 50 % below $450,000 65 % below
Commerical listings in Kennett Square $818,567 37 % below $691,250 47 % below
Sold listings in Kennett Square $331,448 75 % below $305,500 77 % below

Get the facts about Kennett Square, PA!

Population 6,249
Population Growth (since 2000) 19 %
Median Income $61,944
Median Age 34.41
Households w/ Children 35 %

Residential Dwellings

  • Owned 1125
  • Vacant 100
  • Rented 925

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