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    503 Lancaster Ave Wayne, PA 19087

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    For Lease
    Contact for pricing

    High-end retail space in a sought-after, high-traffic location.

    Property size:
    1,468 SF
    Lot size:
    8.04 Acres

    Property Features for 503 Lancaster Ave

    General Information

    Size
    1,468 SF
    Lot size
    8.04 Acres

    Source: MSC Retail - Philadelphia Agent Brittany Goldberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Premier Retail Space in Wayne

    This retail space is located within a premier open-air lifestyle destination that combines timeless charm with a curated mix of high-end retail, dining, and specialty services. The property is strategically positioned along Lancaster Avenue (Route 30), a highly trafficked retail corridor with 24,200 vehicles per day. It is ideally situated on the Main Line, surrounded by affluent residential neighborhoods, corporate offices, and educational institutions. The property features brick-paved walkways, landscaping, and 314 parking spaces. Located in the heart of Wayne, the property offers ideal positioning and spacing for brands seeking multiple units along the Main Line. The property offers 1468 square feet of retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Little House Shop Gift Shop Pure Barre Physical Fitness Program La Technique Personal Trainer The Wedding Shoppe Bridal Shop Freeman's Auction House

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Devon Village, Devon Square Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.373731
    Latitude
    40.042844

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    FAQs

    What type of property is this?
    Shopping center - High-end retail space in a sought-after, high-traffic location.
    Where is this shopping center located?
    The property is located at 503 Lancaster Ave Wayne, PA.
    What are key features of this property?
    This property features: - Located on highly trafficked Lancaster Avenue (Route 30) with 24,200 VPD.; - Situated in the affluent Main Line area with a strong customer base.; - Premier open-air lifestyle destination with high-end retail and dining.
    (215) 568-2600
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    503 Lancaster Ave Wayne, PA 19087
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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
    503 Lancaster Ave Wayne, PA 19087
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