$575,000
$650,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
2,837 SqFt
SOLD DATE : 10/20/2022
Key Details
Sold Price $575,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,837 sqft
Price per Sqft $202
MLS Listing ID PACT2030760
Sold Date 10/20/22
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $2,632
Tax Year 2021
Lot Size 2,052 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Description
Looking to Buy a Boutique Business in the Borough of Kennett Square? Have we got an
opportunity for you. “The Kennett Bookhouse” is for sale! The Owners of this awesome little
bookstore are retiring. The Kennett Bookhouse is a beloved retail storefront in the heart of
Kennett Square, where tree-lined streets and unique, high-quality shops and restaurants
draw in visitors from the surrounding area. Formerly a rare and collectible used bookstore
in this location for 30 years, in 2019 new ownership began what would become a complete
transformation. Over 3 years, the property was fully renovated for safety and aesthetics
creating a cozy, home-like atmosphere that inspires customers to linger among the various
rooms and book displays. The owners quickly sensed a strong demand for new books, and
shifted the business model away from used books, launching a curated new book offering,
including popular gifts and sidelines such as journals, greeting cards and puzzles. Despite
difficult market conditions due to the pandemic in 2020, the Bookhouse has shown a strong
revenue growth trajectory. With the initial property and business foundation already
invested, the Bookhouse is in turnkey condition and ready for new owners to continue the
growth of this profitable business. With attractions such as Longwood Gardens, The
Brandywine River Museum and The Annual Mushroom Festival, the Kennett Square area
sees year-round traffic from visitors, while new luxury apartments complexes under
construction anticipate continued population growth. This is a rare opportunity to own a
historic property, engage with the community, and shape the future of the Bookhouse
through its next phase of expansion.
The 2,800 s.f. 3 Story Commercial Building at 128 & 130 S. Union Street is two sides of a Twin
combined into 1 Fully Renovated Property. All fixtures and inventory are included in the sale. As
you will note from the Addendum to the Seller’s Disclosure, the current owners, starting in 2019,
did some major renovations and upgrades to the building so that today it is in pristine, move-in
condition. The Building is two halves that mirror each other and combine together into a very
practical layout. A Great Feature throughout both floors is the Vinyl Wood Plank Flooring which
has been installed wall to wall. First Floor (130) is where you enter the building with a Large Room
in the Front containing ample Overhead Lighting and Lots of Wall Space. The back room on this
side is currently being used as an office & contains a Powder Room, Large Closet, Exit to an
Outside Porch and Entrance to the Basement. The right side of the Building (128) again has a
Large Front Room. The back room on the right side is currently used as a Kitchen, again with
access to a small porch on the right side of the building and entry door to the 2nd Basement. The
Second Level on the left (130) again Boasts a Large Room w/ 4 Windows and lots of overhead
lighting. In the rear of 130, there is a Fully Renovated Bathroom and a Small but Very useable
Kitchen! Note that almost all of the spaces in the building that were closets have been opened up
and are used for display bookshelves. The right side (128) of the second level is a smaller, cozier
room than on the left side. Behind this room is another small room. Both the left side of the building
(130) and the right side of the building (128) have their own small 3rd Floor Attics and their own
Full but Unfinished Basements. The Building has 4 parking spots in the rear. Property is heated
with Oil but can be easily converted to gas. The Water Heater in the 128 Basement runs off of
Natural Gas. The property is cooled by Window A/C Units. Taxes: $6,000/Yr. Please contact
Showing Time to set up an appointment to see this turnkey Commercial Building & Bookstore!
Location
State PA
County Chester
Area Kennett Square Boro (10303)
Zoning C-2 SECONDARY COMMERCIAL
Interior
Hot Water Electric
Heating Hot Water
Cooling Window Unit(s)
Flooring Luxury Vinyl Plank
Heat Source Natural Gas, Oil
Exterior
Garage Spaces 3.0
Utilities Available Natural Gas Available, Sewer Available, Water Available, Electric Available
Waterfront N
Water Access N
Roof Type Asphalt,Shingle,Pitched
Accessibility None
Parking Type On Street, Parking Lot
Total Parking Spaces 3
Garage N
Building
Foundation Concrete Perimeter, Block, Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Kennett Consolidated
Others
Tax ID 03-2 -270 & 3-2-269
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Read Less Info
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Bought with Stephanie L Russel • KW Greater West Chester