West Chester, PA 19382,329 W MINER ST
West Chester, PA 19382,329 W MINER ST
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Listed by Alex C Prince • TCS Management, LLC
Bought with Ashley B Swayne • Swayne Real Estate Group, LLC

$1,347,500

$1,500,000

10.2%
Est.Price: ?

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Est. payment /mo

3,822 SqFt


SOLD DATE : 04/28/2022

Key Details

Sold Price $1,347,500

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 3,822 sqft

Price per Sqft $352

MLS Listing ID PACT2016798

Sold Date 04/28/22

Originating Board BRIGHT

Year Built 1875

Annual Tax Amount $7,582

Tax Year 2021

Lot Size 6,860 Sqft

Acres 0.16

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Property Description

Excellent Value-Add Opportunity: Ability to Increase Rents 10% to 15% with Minor Upgrades
#1 Highest Per Capita County in Pennsylvania: West Chester Average HHI $100,000+
Unrivaled Location: Located in Downtown West Chester
Desired Unit Mix: One-Bedroom and Three-Bedroom Units
Convenient to Major Arteries: Route 30, Route 202, and Interstate I-76
SEPTA Regional Rail: Walking Distance or Short Drive of Regional Rail Station (Paoli/Thorndale Line)

The property is situated less than a 10-minute drive to SEPTA Regional Rail Station (Paoli/Thorndale Line), which offers tenants convenient access to Center City Philadelphia and the surrounding suburbs. The property offers an exceptional opportunity to establish an immediate footprint in Downtown West Chester. The property sits just blocks from countless bustling restaurants and unique boutiques in a vibrant downtown. As the county seat and one of the most sought-after submarkets in the Philadelphia Metro Area, the West Chester property provides a buyer with a value-add opportunity in an A+ location. A new owner has the ability to increase rents 10% to 15% by completing light upgrades to kitchens and baths. The property is 100% occupied and competing properties in the area are currently and historically 95% occupied or better in this high demand sub-market. The property at 329 E. Miner Street in West Chester presents a rare ability for a new buyer to capitalize on a value-add opportunity in the heart of Chester County.

Location

State PA

County Chester

Area West Chester Boro (10301)

Zoning NC2

Interior

Hot Water Natural Gas

Heating Other

Cooling None

Heat Source Natural Gas

Exterior

Utilities Available Water Available, Natural Gas Available, Electric Available

Water Access N

Roof Type Rubber

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District West Chester Area

Others

Tax ID 01-08 -0512

Ownership Fee Simple

SqFt Source Assessor

Security Features Fire Detection System

Special Listing Condition Standard

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Bright MLS (BMLS)

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agent
Nader Shirazi

Agent

+1(202) 256-4690

1350 Florida Ave NE, Washington, DC, 20002, United States

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