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    516 E Lancaster Ave Downingtown, PA 19335

    For Lease
    $5,000 /Mo ($6 SF/Yr)

    CommercialLease - DOWNINGTOWN, PA

    Type:Office
    Lot size:
    0.20 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 7 at 6:06 pm

    Property Features for 516 E Lancaster Ave

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    7
    Parking features
    Driveway
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1924
    Number of units
    1
    Building materials
    Stone, Stucco, Brick

    24-7 Real Estate, LLC (215) 891-0777 [email protected]

    Listing agent Katie Luu (215) 891-0777 License #RSR001906

    Listing date Nov 3, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downingtown Mixed-Use Property For Rent

    This mixed-use property is located in the busy district of Downingtown, offering a rare opportunity to work and live at the same location. Situated on a busy road with high traffic volume, the property is also adjacent to a popular ice cream shop, providing exposure to foot traffic, especially during the summer months. The property includes parking space for 7-8 cars in the rear. The layout allows for flexibility, with the option to live upstairs in the 5-bedroom house and operate a small business in the office below, which has a separate entrance and meter. Alternatively, one could live downstairs and use the 5-bedroom house upstairs for business purposes. The property also features a 2-tier deck and a personal office in the main house. The lot size is 0.2 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stargazer Therapy, Kelsey ... Mental Health Service Hope Counseling Counselor The Anxiety Therapist Psychotherapist Pavement Maintenance Group, ... Paving Contractor Jessica DiIenno, LCSW, ... Social Worker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Downingtown
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.69424438
    Latitude
    40.01179123

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in busy Downingtown district with residential and commercial spaces.
    Where is this mixed-use property located?
    The property is located at 516 E Lancaster Ave Downingtown, PA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Mix-use property: live and work in the same location.; - **High-traffic location on a busy road for excellent business exposure.**; - Located next to a popular ice cream shop, generating significant foot traffic.
    (215) 891-0777
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    Downingtown, PA 19335
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    516 E Lancaster Ave Downingtown, PA 19335
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