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Midway Arts 117 E Chestnut St 68,805 SF 98% Leased Office Building Coatesville, PA 19320 $8,092,160 CAD ($117.61 CAD/SF) 7.54% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 43 units + storage units on lower level
  • 2 freight elevators
  • 98% occupied with value add potential
  • Fully renovated
  • Located just off of North 1st Ave in Coatesville
  • 68,805 SF building built in 1909

EXECUTIVE SUMMARY

Discover an exceptional investment opportunity with this prime property at 139 E Chestnut Street, 117 Lumber Street, and 117-125 E Chestnut St, Coatesville, PA. Boasting a 68,805 SF building, 43 units, as well as storage units in the basement, this renovated gem offers an appealing mix use investment opportunity for any investor or owner user. The site is located in the Coatesville Opportunity Zone. The property is zoned C-1 and lies in the Mix-Use Overlay District. Midway Arts is hosts a 98% occupancy rate for the 5 floor units, this property presents a strong cash flowing asset with value add potential. The recent renovations and fit out further enhances its allure, making it a standout choice for investors seeking a turnkey, high-performing asset. Don't miss out on this extraordinary investment opportunity in the heart of Coatesville.
Visit naikeystone.com for accurate listing info.

ATTACHMENTS

Midway Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
68,805 SF
Building Class
C
Year Built/Renovated
1909/2020
Price
$8,092,160 CAD
Price Per SF
$117.61 CAD
Cap Rate
7.54%
NOI
$609,832 CAD
Percent Leased
98%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
8,500 SF
Building FAR
1.55
Lot Size
1.02 AC
Opportunity Zone
Yes
Zoning
C1 - Zoning allows for small-scale commercial establishments like convenience stores, cafes, and small offices, serving the immediate neighborhood
Parking
100 Spaces (1.45 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Property Manager on Site
  • Common Parts WC Facilities
  • High Ceilings
  • Natural Light
  • Open-Plan

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl - BB300
  • 830 SF
  • Industrial
  • Full Build-Out
  • Now

Enjoy your first month FREE! Discover our array of storage units here at Midway Arts! These suite of storage spaces feature security cameras, 24/7 access, and are temperature moderated. These industrial units are ideal for archive storage, records storage, and so much more. Storage spaces range from 140sf to 1250sf!

  • 3rd Fl - 307
  • 610 SF
  • Flex
  • -
  • Now

Bright Industrial-Style Workspace with Stunning Views – 610 SF | Suite 307, Coatesville, PA Suite 307 offers 610 square feet of versatile, industrial-style workspace in the heart of Coatesville. Boasting abundant natural light from oversized windows and expansive views, this open-plan suite is ideal for creative professionals, small businesses, or startups seeking a distinctive and inspiring environment. Featuring high ceilings, exposed architectural details, and a flexible layout, this space blends modern functionality with historic charm. The building’s prime location offers easy access to major routes, nearby dining, and local amenities, while providing a quiet and professional atmosphere. Whether you’re designing, collaborating, or simply looking for a fresh space to grow your business, Suite 307 delivers the perfect combination of style, comfort, and convenience. Key Features: 610 SF open-plan layout Large windows with great natural light Industrial-style design with historic character Excellent views Convenient Coatesville location close to dining & services

  • 5th Fl - 501
  • 1,610 SF
  • Flex
  • -
  • Jan 2026

Expansive 5th-Floor Industrial Loft with Sink + HVAC Flooded with natural light and full of character, this oversized 5th-floor loft offers a rare blend of open layout, exposed brick, and modern finishes. The space features polished concrete floors, original industrial beams, high ceilings, and large operable windows that span the length of the room. A dedicated sink/wet bar area, in-unit HVAC, and wide-open floor plate make the space incredibly flexible—perfect for wellness studios, creators, photographers, small events, collaborative workspaces, workshops, or boutique fitness concepts. Recent setups (shown in photos) demonstrate how easily the room transforms: from airy, minimal studio layouts to warm, lounge-style configurations with rugs, seating areas, and low tables. Key Features ~Wide, open floor plan with great flow Exposed brick, white-painted beams, and original columns Polished concrete floors Large windows with abundant natural light Sink / wet bar area for convenience Dedicated HVAC Bright overhead + track lighting Private 5th-floor location with a calm, elevated feel Easy access, freight + passenger elevator building Flexible layout—can be staged for a variety of uses

Space Size Space Use Condition Available
1st Fl - BB300 830 SF Industrial Full Build-Out Now
3rd Fl - 307 610 SF Flex - Now
5th Fl - 501 1,610 SF Flex - Jan 2026

1st Fl - BB300

Size
830 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

3rd Fl - 307

Size
610 SF
Space Use
Flex
Condition
-
Available
Now

5th Fl - 501

Size
1,610 SF
Space Use
Flex
Condition
-
Available
Jan 2026

1st Fl - BB300

Size 830 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Enjoy your first month FREE! Discover our array of storage units here at Midway Arts! These suite of storage spaces feature security cameras, 24/7 access, and are temperature moderated. These industrial units are ideal for archive storage, records storage, and so much more. Storage spaces range from 140sf to 1250sf!

3rd Fl - 307

Size 610 SF
Space Use Flex
Condition -
Available Now

Bright Industrial-Style Workspace with Stunning Views – 610 SF | Suite 307, Coatesville, PA Suite 307 offers 610 square feet of versatile, industrial-style workspace in the heart of Coatesville. Boasting abundant natural light from oversized windows and expansive views, this open-plan suite is ideal for creative professionals, small businesses, or startups seeking a distinctive and inspiring environment. Featuring high ceilings, exposed architectural details, and a flexible layout, this space blends modern functionality with historic charm. The building’s prime location offers easy access to major routes, nearby dining, and local amenities, while providing a quiet and professional atmosphere. Whether you’re designing, collaborating, or simply looking for a fresh space to grow your business, Suite 307 delivers the perfect combination of style, comfort, and convenience. Key Features: 610 SF open-plan layout Large windows with great natural light Industrial-style design with historic character Excellent views Convenient Coatesville location close to dining & services

5th Fl - 501

Size 1,610 SF
Space Use Flex
Condition -
Available Jan 2026

Expansive 5th-Floor Industrial Loft with Sink + HVAC Flooded with natural light and full of character, this oversized 5th-floor loft offers a rare blend of open layout, exposed brick, and modern finishes. The space features polished concrete floors, original industrial beams, high ceilings, and large operable windows that span the length of the room. A dedicated sink/wet bar area, in-unit HVAC, and wide-open floor plate make the space incredibly flexible—perfect for wellness studios, creators, photographers, small events, collaborative workspaces, workshops, or boutique fitness concepts. Recent setups (shown in photos) demonstrate how easily the room transforms: from airy, minimal studio layouts to warm, lounge-style configurations with rugs, seating areas, and low tables. Key Features ~Wide, open floor plan with great flow Exposed brick, white-painted beams, and original columns Polished concrete floors Large windows with abundant natural light Sink / wet bar area for convenience Dedicated HVAC Bright overhead + track lighting Private 5th-floor location with a calm, elevated feel Easy access, freight + passenger elevator building Flexible layout—can be staged for a variety of uses

Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-005-0036.0100
  • 16-005-0031.0000
  • 16-005-0032.0000
  • 16-005-0033.0000
  • 16-005-0034.0000
  • 16-005-0035.0000
Land Assessment
$119,385 CAD
Improvements Assessment
$1,411,861 CAD
Total Assessment
$1,531,245 CAD
  • Listing ID: 36629763

  • Date on Market: 2025-07-07

  • Last Updated:

  • Address: 117 E Chestnut St, Coatesville, PA 19320

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