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132 E Lancaster Ave Downingtown, PA 19335

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For Sale
$799,000

Retail and residential income property in Downingtown, PA.

Property size:
4,483 SF
Lot size:
0.10 Acres

Property Features for 132 E Lancaster Ave

General Information

Size
4,483 SF
Lot size
0.10 Acres

Source: Bennett Williams Commercial - New Jersey Agent Tommy Ciccarone Jr.

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


Overview

Downingtown Mixed-Use Investment Opportunity

This 4,483 square foot property features two retail spaces, one approximately 1,918 square feet and the other approximately 557 square feet. The property also includes a large, fully renovated two-bedroom apartment with new appliances, currently leased for $1,950 per month with a lease start date of July 1, 2023. Located in Downingtown Borough, within the Downingtown School District, the property is identified by Tax ID 11-08-9987. The lot measures 25 x 174. Zoned C-2 Central Commercial, the property benefits from onsite parking, street parking, and an adjacent municipal parking lot. Public water, sewer, and natural gas utilities are available. Taxes for 2010 were $5,795.
Insight Report Location Intelligence

Current Use by Public Records

Turkey Hill Gas Station Western Union Money Transfer Service Smoke-Stock & Chimney Cleaning ... Furniture Store Maclanes Automotive - Lancaster ... Oil Change Service PNC ATM Atm

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
Downingtown
County
Chester
State
Pennsylvania
Longitude
-75.701592
Latitude
40.006864

FAQs

What type of property is this?
Retail space - Retail and residential income property in Downingtown, PA.
Where is this retail space located?
The property is located at 132 E Lancaster Ave Downingtown, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: - Two retail spaces offer immediate income potential or business opportunities, sized at ±1,918 SF & ±557 SF.; - Large, fully renovated 2-bedroom apartment generates $1,950/month in rental income (lease starting 7/1/23).; - Located in Downingtown Borough with C-2 Central Commercial zoning.
More about this property
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