Kennett Square, PA 19348 125 W State Street
$825,000
46 more
Presented By: BHHS Fox & Roach - Hockessin
Beds • 9
Beds • 9Home Details
This property is a fully occupied quadplex with development opportunity located in the thriving retail district of downtown Kennett Square. With no setback requirements the property can be fully developed. This property presents a unique opportunity for a variety of uses, including retail, offices, restaurants, and special exceptions like hotels or planned developments.
While situated in the historic district, which requires architectural review, neighboring properties demonstrate the potential for substantial expansion. The propertys proximity to a public parking garage eliminates the need for on-site parking, making it even more attractive to development.
It is currently configured as 4 apartments 1 bed/1 bath; 2 bed/2 bath; 3 bed / 1 bath; 4 bed / 2 bath.
Presented By: BHHS Fox & Roach - Hockessin
Interior Features for 125 W State Street
Bedrooms
Three Bedroom Units Count2
Other Interior Features
LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
FlooringWood, Partially Carpeted
Furnished UnitsNone
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
Total Stories3
General for 125 W State Street
AccessibilityNone
Architectural StyleColonial
Cap Rate4.90
CityKENNETT SQUARE
Construction MaterialsBrick
Cool FuelElectric
CoolingWindow Unit(s)
CountyCHESTER
DirectionsFrom Union & State Rd, continue on State Rd for 300'. Building is on your right. Street parking for showings. Rear parking lot has designated tenant parking.
Garage Y/NNo
Gross Income68230.00
HeatingBaseboard - Hot Water, 90% Forced Air
Lease TypeGross
Lot Size Square Feet1850.00
Lot Size UnitsSquare Feet
MLS AreaKennett Square Boro (10303)
ModificationTimestamp2025-06-11T09:49:16
MunicipalityKENNETT SQUARE BORO
Net Operating Income48718.00
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
NumberOfUnitsVacant
One Bedroom Units Count1
Operating Expense19512.00
Other StructuresAbove Grade, Below Grade
OwnerPaysCommon Area Maintenance, Management, Pest Control, Repairs, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionNegotiable, Immediate
Price Per Sq Ft Total AG210.35
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictKENNETT CONSOLIDATED
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Tax Annual Amount6486.0
Tax Assessed Value130630.0
Tax Lot0196
Tax Year2024
Total Actual Rent68230.00
Total SQFT3922
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1910
Year Built SourceAssessor
ZoningC-1 / R30 RES
Exterior for 125 W State Street
Foundation DetailsStone
Land Assessed Value31100.00
Land Use CodeR30
Lot Dimensions36 x 50
Lot FeaturesBacks - Open Common Area, Private, Rear Yard
Lot Size Acres0.04
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Parking FeaturesAsphalt Driveway, Private
Parking Lot - # of Spaces10
PoolNo Pool
Total Parking Spaces10
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
