BEDS0
BATHS
MLS#PACT2110316
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLKENNETT CONSOLIDATED
Property Description
8831 & 8837 Gap Newport Pike offer a unique package of two parcels spanning approximately 2.4 acres, featuring 10 rental units across 5 buildings. Seven of the units share a desirable layout with 1,200+ sq ft of living space, each with separate entrances and attached garages. Several also include finished or finish-ready basements, creating the opportunity to expand into 3-bedroom units and maximize rental income. Of these seven, four are 2-bedroom & three are 3-bedroom. The main house adds a 3-bedroom unit & two more 2-bedroom units, all well-maintained with long-term tenants in place. Current Gross Annual Rental Income: $142,200. Projected Market Rent (2BR): $1,500+ per month. Projected Market Rent (3BR w/ basement conversions): $1,700+ per month. With stable income already in place and significant upside through rental increases and unit enhancements, this property is a strong addition to any portfolio. Conveniently located along Gap Newport Pike, the site offers ample parking and a blend of immediate cash flow and long-term appreciation potential. Please do not walk the property or disturb tenants. All showings must be scheduled.
Property Features
Property Type: Commercial -
Cooling: None
Fuel Type: Oil, Propane - Leased
Heating: Hot Water
Lot Size: 2.40 Acres
Roof Type: Shingle
Taxes: $9,406
Year Built: 1900
Feature Descriptions
Exterior: Block, Concrete, Copper Plumbing, CPVC/PVC, Frame, Maso
Flooring: Carpet, Concrete, Luxury Vinyl Plank, Laminate Plank, Laminated, Vinyl, Wood, Other, Tile/Brick
Lot Dimensions: 2.40 Acre(S)
Municipality: NEW GARDEN TWP
Sewer: Public Sewer, On Site Septic
Total Garage/Parking Spaces: 20
Units: 10
Utilities: Water Available, Sewer Available, Propane, Other
Water: Public
Local Schools
School District: KENNETT CONSOLIDATED
Listed By / Shown By
Listed By
Agency Name: Iron Valley Real Estate Exton
Agency Phone: 6105611111
Shown By
Agent Name: The Chrissie Barrick Team
Agent Phone: (717) 451-3850
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
8831 Gap Newport Pike | MLS# PACT2110316
This commercial property located at 8831 Gap Newport Pike, Avondale, PA 19311 is currently listed for sale with an asking price of $1,649,000. Gap Newport Pike is located within the KENNETT CONSOLIDATED school district. Search Avondale real estate on www.thechrissiebarrickteam.com today.