137 W Lancaster Avenue, Downingtown, PA 19335
Street-level storefront with a 1-bedroom, 2-bath apartment, plus parking and nearby transit access.
- Added:
- Jul 7, 2022
- Days on Market:
- 1464
- Last Refresh:
- Jul 8 at 2:25 am
Property Features for 137 W Lancaster Avenue
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1950
Listing office RE/MAX One (856) 222-0077
Listing date Jul 7, 2022
Source Thetristaterealestategroup
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 RE/MAX One
HighLights
- Street‑level storefront plus a 1‑bedroom apartment with 2 bathrooms
- Former 3‑unit layout; includes a potential to finish the 3rd floor again for an additional bedroom
- 8 off‑street parking spots on‑site with private, secure parking
- Year built 1950; block and other foundation; natural gas hot water and natural gas heating
- Public water; rear yard with road frontage; awning(s) on the exterior
- Located 1 block from the Downingtown Train Station and 1/2 block from the SEPTA bus stop
Overview
The building is located at 137 W Lancaster Avenue on the main street of Downingtown. Public remarks indicate it is about 1 block from the Downingtown Train Station and about a half block from a SEPTA bus stop, supporting convenient public transit access. The property also includes 8 parking spots for the lot.
For buyers seeking a combined live/work setup or an investment property with both commercial and residential space, the current configuration provides an operating storefront alongside apartment income potential. Public remarks also reference a potential cap rate of 6.8%. The owner is relocating and the business is not included, which may appeal to tenants or owners looking to take over the storefront for their own operations.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$5.6k | −$1.85 |
| EGI | $48.4k | $16.15 |
| − OpEx | −$14.5k | −$4.84 |
| NOI | $33.9k | $11.30 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- The Bud-N-Bloom Boutique — [email protected], 6 Wallace Ave, Downingtown, PA 19335
Location Insight
- Map
- Local Demand
- City
- Downingtown
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.701498
- Latitude
- 40.006991
