901 E 10TH ST Chester, PA 19013
0.43 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Chester City
MLS Listing ID PADE2119552
Year Built 2000
Annual Tax Amount $5,186
Tax Year 2026
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 223X84
Property Sub-Type Industrial
Source BRIGHT
Property Description
The facility offers all drive-up access across a wide, paved center aisle. Most units are established single-story building units, complemented by 5 shipping container units fitted with roll-up storage doors. The unit mix ranges from compact 8'x10' units up to a large 51'x20' (1,020 SF) drive-in unit, giving the property broad appeal to household tenants, contractors, and small businesses. One combined unit has its own separate electric panel and can serve as an on-site office.
The property is stabilized at approximately 97% occupancy and is run entirely remotely through cloud-based storage-management software, with all tenants paying online or by ACH and no on-site employees. Demand is driven primarily through online channels, and the operation is gated, fenced, and monitored by 24/7 video recording. The result is a low-overhead, automated business that a first-time storage investor can step into and operate in place. If preferred, the seller is willing to continue managing the site for the buyer.
The value-add opportunity is straightforward and low-risk. Current in-place rents are roughly 18% below the facility's own standard rates, and the majority of units have not seen a rate increase in more than a year. A new owner can bring rents to market, grow the tenant-insurance program beyond its current 45% penetration, and apply standard late and admin fees to lift income with minimal capital. The predominantly drive-up construction keeps ongoing maintenance and capital costs low.
The location is a core strength. The property sits in an infill Chester neighborhood immediately off I-95, minutes from Widener University, Harrah's Philadelphia Casino & Racetrack, Walmart, and the Penn Terminals port and industrial corridor, and roughly 25 minutes from Center City Philadelphia. This is a dense, established, supply-constrained submarket that supports steady storage demand.
Priced at $675,000, the facility offers a going-in cap rate of approximately 8.7% on current income, with upside toward 12% as rents are brought to market - an attractive, income-producing entry point into self-storage ownership.
Information contained herein is deemed reliable but is not guaranteed. Buyer to verify all figures. Financials are based on owner-provided data and select operating expenses; a buyer should conduct independent due diligence.
Location
State PA
County Delaware
Area City Of Chester (10449)
Zoning COMMERCIAL
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 3.0
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Chester-Upland
Others
Tax ID 49-05-00404-00
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=49C05Ds7J4s
