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124-128 W State Street, Kennett Square, PA 19348

$1,300,000

  • For Sale
  • Active
  • Retail
124-128 W State Street, Kennett Square, PA 19348View this property at 124-128 W State Street, Kennett Square, PA 19348
124-128 W State StreetKennett SquarePA19348

Property 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!!

Full Property Detailsfor 124-128 W State Street

General

  • Price: $1,300,000
  • Taxes: $13,283 (2018)
  • Status: Active
  • Type: Retail
  • MLS ID: 1000407956
  • Updated: 6/23/2018
  • Added: 69 day(s) ago

Business

  • Business Type: Commercial, Retail, Apartment Building
  • Includes: Land and Building, Land Only

Rental Information

  • Rent Includes: Water, Sewer, Taxes

Interior

  • Flooring: Tile/Brick, Wood, Carpet, Vinyl

Rooms

Bedrooms

  • Master Bedroom: Unspecified

Parking

  • Parking Type: None
  • Parking: 6 to 10 Car Garage

Location

  • Area: Kennett Square Boro (10303)
  • County: Chester
  • Development Name: Kennett Sq
  • Subdivision: Kennett Sq
  • Cross Streets: Union
  • Driving Directions: 124-126-128 West State Street is 1/2 block from the intersection of West State Street and Union Street in Kennett Square Borough.
  • Location Details: Downtown

Heating & Cooling

  • Heating Fuel: Bottled Gas/Propane, Oil

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 3
  • Architectural Info: Other
  • Construction: Brick
  • Stories/Levels: 0
  • Finished Above Grnd: 15,353 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 11,865
  • Lot Dimensions: 0 x 0
  • Zoning: C2

Financial Considerations

  • Price Per Sq. Ft.: $84.67
  • Tax w/Assessment: $327,180
  • Tax Amount: $13,283
  • Tax Year: 2018
  • Tenant Pays: Electricity, Heat, Gas, Hot Water, Cooking Fuel, Insurance

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenants Possessions
  • Lot: 250

Listed by Long & Foster- West Chester, Jim MacFadden

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Schools

Schoolsserving 124-128 W State Street

School District:Kennett Consolidated School District
School Name
Grades
Distance
Mary D Lang Kindergarten Center
409 Center Street, Kennett Square, PA 19348
K-K
0.3 mi
Kennett Middle School
195 Sunny Dell Rd, Landenberg, PA 19350
6-8
3.9 mi
Kennett High School
100 East South St, Kennett Square, PA 19348
9-12
0.6 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 124-128 W State Street Get Price Alerts

Date
Details
Price
Change
Source
4/17/2018
Listed
$1,300,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 124-128 W State Street

Listed by Long & Foster- West Chester, Jim MacFadden

124-128 W State Street, Kennett Square, PA 19348 (MLS# 1000407956) is a Retail property. 124-128 W State Street is currently listed for $1,300,000 and was received on April 17, 2018. Want to learn more about 124-128 W State Street? Do you have questions about finding other Retail real estate for sale in Kennett Square? You can browse all Kennett Square real estate or contact a Coldwell Banker agent to request more information.