Back to Search

Downingtown Mixed-Use Investment Opportunity

132 E Lancaster Ave, Downingtown, PA

View on Map

For Sale

Contact for pricing

Retail and residential income property in Downingtown, PA.

Type:RETAIL

Property size:

4,483 SF

Lot size:

0.10 Acres

Price / SF:

$178/SF

HighLights

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.
Ample parking options include onsite, street, and adjacent municipal parking lot.
Public water, sewer, and natural gas utilities are available.
Situated within the Downingtown School District.

We can help!

Listing Contact

Tommy Ciccarone Jr.

For Sale

Contact for pricing

Retail and residential income property in Downingtown, PA.

Type:RETAIL

Property size:

4,483 SF

Lot size:

0.10 Acres

Price / SF:

$178/SF

Added:: May 19, 2025
Days on Market:: 391
Last Refresh:: May 20 at 9:30 pm

Property Features for 132 E Lancaster Ave

General Information

Standard status: Active
Size: 4,483 SF
Lot size: 0.10 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Tommy Ciccarone Jr.

Listing agent Tommy Ciccarone Jr.

Listing office Bennett Williams Commercial - New Jersey

Listing date May 19, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial - New Jersey

HighLights

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.
Ample parking options include onsite, street, and adjacent municipal parking lot.
Public water, sewer, and natural gas utilities are available.
Situated within the Downingtown School District.

Overview

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.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$80.7k	$18.00
− Vacancy	−$8.3k	−$1.85
EGI	$72.4k	$16.15
− OpEx	−$21.7k	−$4.84
NOI	$50.7k	$11.30

4,483 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use

Retail

$723.8K

$633.4K – $844.5K (±1% cap)

NOI $50,668 @ 7.0% cap · market cap 6.34%

Second Best

Apartment 5plus

$694.4K

$607.6K – $810.2K (±1% cap)

NOI $48,611 @ 7.0% cap · market cap 6.08%

Theoretical Best

Office A

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,144 @ 7.0% cap · market cap 11.91%

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

Property Profile Location Intelligence

Current Use by Public Records

Turkey Hill Gas Station Western Union Bank Smoke-Stock & Chimney Cleaning ... Furniture & Home Goods Maclanes Automotive - Lancaster ... Auto Repair Shop PNC ATM Atm

Suggested Use

Location Insight

Map
Local Demand

City: Downingtown
County: Chester
State: Pennsylvania
Longitude: -75.7016
Latitude: 40.0069

Nearby Similar for Sale

$599,900

2,510 SF

3-Unit Multifamily with Garage

Three residential units plus a two-car garage provide flexible income and layout options in Downingtown Borough.

253 W LANCASTER Avenue, DOWNINGTOWN, PA 19335

View Details
$850,000

Versatile Retail and Office Building

Versatile former post office building with open layout, 14' ceilings, HVAC, and two loading docks.

45 W LANCASTER Avenue, DOWNINGTOWN, PA 19335

View Details
Contact for pricing
104,070 SF

Downingtown Retail Opportunity For Sale

Downingtown retail property for sale with high occupancy.

150 East Pennsylvania Avenue, Downingtown, PA, 19335

View Details
Contact for pricing

Downingtown Retail Spaces Available

Retail spaces available in Downingtown, Route 30 Bypass location.

East Lancaster Avenue, Downingtown, PA 19335

View Details
$415,000

2,500 SF

Downingtown Townhome with Modern Design

Sophisticated 3-bedroom, 2.5-bath townhome near Downingtown's amenities.

317 WILLIAM TAFT AVENUE, DOWNINGTOWN, PA 19335

View Details
Contact for pricing
1,528 SF

Downingtown Retail Space For Sale

Freestanding 1,528 SF corner retail space, ideal for pharmacy.

1199 Horseshoe Pike, Downingtown, PA 19335

View Details
$650

Podcast Studio Office Suite

Podcast studio setup with included utilities, shared kitchenette, and conference space, plus convenient on-site parking.

4333 LINCOLN Highway E, DOWNINGTOWN, PA 19335

View Details
Contact for pricing

Downingtown Retail and Restaurant Space

Retail and restaurant spaces available in Downingtown, Pennsylvania.

US Route 30 & Quarry Road, Downingtown, PA 19335

View Details
$650

Serviced Office and Coworking Space

Serviced private offices and coworking access with utilities included, kitchenette common area, and ample parking.

4333 LINCOLN Highway E, DOWNINGTOWN, PA 19335

View Details
Contact for pricing
20,000 SF

Downingtown Warehouse with Showroom/Office

20,000 SF warehouse with showroom/office and ample parking.

320 W Boot Rd, Downingtown, PA 19335

View Details
Contact for pricing

Retail Spaces on Lincoln Highway

Retail and restaurant spaces available in Downingtown, Pennsylvania.

4331 U. 30 Business (Lincoln Hwy) , Downingtown, PA 19335

View Details
$424,900

3,000 SF

Downingtown Mixed-Use Investment Opportunity

Mixed-use property with storefront and apartment near transportation.

137 W LANCASTER Avenue, DOWNINGTOWN, PA 19335

View Details

For sale
Retail space
PA
Downingtown
132 E Lancaster Ave

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.

132 E Lancaster Ave, Downingtown, PA

Retail and residential income property in Downingtown, PA.

Property Features for 132 E Lancaster Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

3-Unit Multifamily with Garage

Versatile Retail and Office Building

Downingtown Retail Opportunity For Sale

Downingtown Retail Spaces Available

Downingtown Townhome with Modern Design

Downingtown Retail Space For Sale

Podcast Studio Office Suite

Downingtown Retail and Restaurant Space

Serviced Office and Coworking Space

Downingtown Warehouse with Showroom/Office

Retail Spaces on Lincoln Highway

Downingtown Mixed-Use Investment Opportunity

FAQs

Create New Password