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1902 Market St - Retail Pad Site near I95 Exit ramps

0.79 Acres of Commercial Land Offered at $359,900 in Boothwyn, PA 19061

Investment Highlights

  • Fast Food Site near I-95 Exit/Entrance ramps in a densely populated area

Executive Summary

Great fast food restaurants site. The address is 1902 Market Street Boothwyn, PA 19061. It is on a major highway only 900 feet from the exit ramp to Interstate I-95 which has one of the highest traffic count in Pennsylvania, 143,000 vehicles per day. Signs are permitted on I-95 for food and rest stops. The area is densely populated with a population of 165,000 frequent fast food buyers within a 5 mile radius. Market Street is also known as PA Rt 452 which has a 17,000 vehicle per day traffic count, and the corner is Johnson Street. This property is a great pad site because it is properly zoned for a fast food restaurant with drive through and it is a corner location, at street level grade with no steep slopes or wetlands. This property is for sale at $349,000 and seller financing may be possible. A ground lease at $2,900 per month NNN is also possible (all improvements by tenant) and would allow a lower cost to get started. Currently there is a rental single family dwelling containing 2,300 sq. ft. w/ 3 bedrooms and 2 baths on a 3/4 acre lot. It has a first floor family room and a lot of space on outside porches and decks. It is a fully renovated single family home that is rented for $2,000 per month. See the pictures and descriptions on Loopnet OR CALL OR EMAIL Keith Raport for the flyer, site plan and demographic information. Lot can be developed as a daycare facility.

Financial Summary (Actual - 2021)

Annual Annual Per AC
Gross Rental Income $24,000 $30,379.75
Other Income - -
Vacancy Loss - -
Effective Gross Income $24,000 $30,379.75
Net Operating Income - -

Financial Summary (Actual - 2021)

Gross Rental Income
Annual $24,000
Annual Per AC $30,379.75
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $24,000
Annual Per AC $30,379.75
Net Operating Income
Annual -
Annual Per AC -

Property Facts

Price $359,900
Sale Type Investment or Owner User
Sale Conditions
Ground Lease (Leased Fee)
  • Lease Option
  • Deferred Maintenance
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Bank
  • Carwash
  • Daycare Center
  • Drugstore
  • Fast Food
  • Hold For Development
  • Hold For Investment
  • Restaurant
Total Lot Size 0.79 AC

1 Lot Available

Lot 107

Price $359,900
Price Per AC $455,570
Lot Size 0.79 AC

Corner Lot for fast food restaurant. This is 900 ft from I-95 exit/entrance ramps. Zoned commercial and permits fast food and cell tower. Lot currently contains a single family home that is rented for $2,000 per month.

Description

This is a stand-alone corner property which is zoned for a commercial pad site. It is located within 900 feet of 4-way ramp to I-95 (134,000 vehicles per day), in Boothwyn PA (Upper Chichester Township, Delaware County). In addition to being close to the exit and entrance ramps to I-95, it is also a densely populated middle-income area. The site could be configured for 1-3 stores, or up to 7,200 sq. ft of new construction. It is on a CORNER lot with frontage on Rt 452 which has 17,000 vehicles per day, and is aka Market Street. We believe that a store AND a communication tower or large monument sign (I-95 is near) would both be permitted on the site which has a high elevation. The property can be an outright sale or built to suit or site improved and/or ground lease. Details including pictures and plot plan can be requested. Description of current improvements: The property is a single family dwelling containing 2,300 sq. ft. w/ 3 bedrooms and 2 baths on a 3/4 acre lot. It has a first floor family room and a lot of space on outside porches and decks. It is a fully renovated single family home (but on a commercially zoned lot) that is rented to a good tenant with good income and good credit and they pay $2.000 per month. Lot can be developed as a daycare facility.

zoning

Zoning Code C-1 (Commercial)
C-1 (Commercial)
  • Listing ID: 14985537

  • Date on Market: 1/25/2019

  • Last Updated:

  • Address: 1902 Market St, Boothwyn, PA 19061

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