Opportunity is knocking in West Chester, particularly on Market Street.
A pair of rare investment opportunities – where the properties are 100 percent occupied – is available in the heart of the borough, which is undoubtedly one of the Greater Philadelphia region’s most desirable places to work.
Meridian Bank occupies the first floor as the anchor tenant at 14-16 West Market Street. The second floor is currently home to Guaranteed Rate Inc., a mortgage company, while the third floor is comprised of two residential units (one with two bedrooms and the other with one bedroom).
The list price for this property, which spans 7,424 square feet, is $1,550,000.
A few blocks down the road at 239 East Market Street is a Class A office building that was the former home of “The Wheel Works.” Constructed in 1890 and completely renovated four years ago, its interior features stylish suites and high-end finishes with hardwood floors, spiral duct work, and exposed brick. Also, on-site parking , as well as public parking in nearby lots, accompany this property.
The 12,349-square-foot building includes an elevator and 24/7 secured entry. After a generous reduction in price, this property, which boasts a net operating income of $158,067.89, is listed for $2,300,000.
The total for both properties is $3,850,000. They can be bought together or separately.
As the county seat, West Chester benefits from its robust town center with more than 150 restaurants and shops. It is also experiencing ongoing growth with numerous development projects, either recently completed or currently in process.
Click here to learn more about 14-16 West Market Street and 239 East Market Street in West Chester from Pillar Real Estate Advisors, or call 484-887-8202 to request a showing.
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