125 West State Street

Kennett Square, PA 19348

$1,200,000
Price
Beds
3,922 Sq. Ft.
$306 / Sq. Ft.
3,922
Sq. Ft.
$306
per Sq. Ft.

Description

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...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 property’s 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.
  1. Listed by Chris J Black • BHHS Fox & Roach - Hockessin
    P: (302)-304-2265 chrisblackrealestate@gmail.com

Property Details for 125 West State Street

Tax ID Number
03-02 -0196
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No
Expected On Market Date
11-01-2024
Cross Street
Union
LISTING UPDATED: 10/29/2024 11:24 AM

Property Details for 125 West State Street

StatusComing Soon
MLS #PACT2075484
Days on Market-
Taxes$6,365 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.04 AC / 1,850 SF
CountyChester County

Building Information for 125 West State Street

Stories-Residences4Year Built1910Building Size-Lot Size0.04 AC / 1,850 SF

Property Information for 125 West State Street

Location
Location
  • School District Name: KENNETT CONSOLIDATED
  • School District County ID: 300200397335
  • SchoolDistrictSource: Listing Agent
  • County: CHESTER
  • MLS Area: Kennett Square Boro (10303)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $130,630
  • Year Assessed: 2024
  • County Tax: $594
  • Improvement Assessed Value: $99,530
  • City Town Tax: $1,495
  • Land Assessed Value: $31,100
  • Clean Green Assessed: No
  • Land Use Code: R30
  • Zoning: C-1 / R30 RES
  • Zoning Dscrp: Borough of Kennett Square: C-1 "Primary Retail District" / Land Use R30 Res: Multi-Fam/Dorms/Single
  • Tax Lot: 0196
  • School Tax: $4,275
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Lawn/Shrub Care, Management, Pest Control, Repairs, Snow Removal, Taxes - Real Estate, Trash Collection, Water
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 2
  • Units Furnished: None
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $21,235
  • Professional Management Expense: $8,676
Financial Information
  • Gross Income: $68,230
  • Net Operating Income: $38,318
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Gross
Building Info
Building Info
  • Year Major Reno Remodel: 2014
  • Building Level Count: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 36 x 50
  • Lot Dimensions Source: Estimated
  • Lot Features: Backs - Open Common Area, Private, Rear Yard
  • Parcel ID: 225752
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 10
  • Parking Features: Asphalt Driveway, Private
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Hot Water, 90% Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: New Castle County Board of REALTORS
  • List Agent URL: www.spotlight-realestate.com

Property History for 125 West State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 125 West State Street

Taxable ValueLand$31,100Additions$99,530Total$130,630
Tax Record2022$5,640 ($470 / month)
Home Facts
Baths3Total Finished SqFt3,922 SqFtAbove Grade Finished SqFt3,922 SqFtStories2Lot Size6,600 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910ZoningC2CountyCHESTERAPN0302 01960000

Schools near 125 West State Street

This home is within Kennett Consolidated School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Bancroft El School
Public1 to 5

Kennett Middle School
Public6 to 8

Kennett High School
Public9 to 12

Greenwood El School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of BHHS Fox & Roach - Hockessin

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.