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4967 West Chester Pike 0.92 Acres of Commercial Land Offered at $1,098,240 CAD in Newtown Square, PA 19073
Executive Summary
- Asking Price: $800,000.
- National Realty Corporation (NRC)/Videon Chrysler Dodge Jeep Ram are ground co-lessees who have indicated their desire to exercise each of their Two (2) Five (5) year renewal options and One (1) Eleven (11) month renewal option bringing the term of the lease to approximately 17-years (April 2042 termination).
- Base Term: Two (2) years remain. $42,350/year/nnn.
- Extension Increases: Ten Percent (10.00%)/5-year period.
- Market orientated sellers.
- Recently appraised at $775,000.
- National Realty Corporation (NRC)/Videon Chrysler Dodge Jeep Ram are ground co-lessees who have indicated their desire to exercise each of their Two (2) Five (5) year renewal options and One (1) Eleven (11) month renewal option bringing the term of the lease to approximately 17-years (April 2042 termination).
- Base Term: Two (2) years remain. $42,350/year/nnn.
- Extension Increases: Ten Percent (10.00%)/5-year period.
- Market orientated sellers.
- Recently appraised at $775,000.
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Property Facts
1 Lot Available
Lot
| Price | $1,098,240 CAD | Lot Size | 0.92 AC |
| Price Per AC | $1,193,739.12 CAD |
| Price | $1,098,240 CAD |
| Price Per AC | $1,193,739.12 CAD |
| Lot Size | 0.92 AC |
0.92 AC parcel along Rt-3/West Chester Pike near the signalized intersection of Rt-3 and Providence Road. Zoned C-2, Highway Commercial with by right uses for mixed-use, drive-through retail, bank, restaurant, medical office, adult day care, etc.
Description
- Prime opportunity to own close to an acre along West Chester Pike/Rt-3 (26,000 AADT, westbound only). - Currently ground leased with base term expiring in two years. - Average HH Income of $158,589/ann. - Population (5 miles) - 93,349 - Households (5 miles) - 36,449
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 19-00-00423-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $187,985 CAD | Total Assessment | $187,985 CAD |
Property Taxes
Parcel Number
19-00-00423-00
Land Assessment
$187,985 CAD
Improvements Assessment
$0 CAD
Total Assessment
$187,985 CAD
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4967 West Chester Pike
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