Renovated Two-Story Office
For Sale
$1,300,000
1273 Lancaster Ave, Berwyn, PA 19312
Two-story office building renovated in 1998, located at 1273 Lancaster Ave in a C-1 commercial zoning district.
Property Size5,244 SF
Price / SF$247.90
Days on Market91
Property Features for 1273 Lancaster Ave
General Information
Standard status
Active
Size
5,244 SF
Zoning
C-1
Building Details
Year Built
1978
Year Renovated
1998
Stories
2
Listing Agency:
First Liberty Partners
Listed By:
Frank Englund III · License ##RS196641L
(610) 594-3900
Source:
Soldbypattie
Added: Jul 21
Changed: Oct 14
Last Checked: Oct 19 at 12:52PM
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 First Liberty Partners
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Investment Insights
Based on property information with market context.
This well-appointed two-story office building was extensively renovated in 1998. The property is configured to accommodate professional office use and is presented as an adaptable workplace for a range of business operations.
The building is located at 1273 Lancaster Ave in Berwyn, Pennsylvania, within Tredyffrin Township’s C-1 commercial zoning district, supporting commercial office activity.
Available for sale, the offering includes a purpose-built office structure designed to maximize day-to-day functionality for tenant use.
The building is located at 1273 Lancaster Ave in Berwyn, Pennsylvania, within Tredyffrin Township’s C-1 commercial zoning district, supporting commercial office activity.
Available for sale, the offering includes a purpose-built office structure designed to maximize day-to-day functionality for tenant use.
Key Highlights
- Two‑story office building at 1273 Lancaster Ave
- Renovated in 1998
- Year built: 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,444
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,648,880
$1.6M
Cap Rate 7%
$1,177,771
$1.2M
Cap Rate 9%
$916,044
$916.0K
Market Conditions
NOI Build-Up for 5,244 SF
Gross rent
$136.6K $26.04/SF
− Vacancy
−$26.6K −$5.08/SF
EGI
$109.9K $20.96/SF
− OpEx
−$27.5K −$5.24/SF
NOI
$82.4K $15.72/SF
Area
Chester County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,648,880
Cap Rate 7%
$1,177,771
Cap Rate 9%
$916,044
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,444 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,295 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 19312, PA
11,848
Population
4,526
Households
2.6
Avg Household Size
46
Median Age
76%
College-Educated
98%
High-School Grad
9.6 sq mi
ZIP Area
1,234
Density / Sq Mi
$199,107
Median Household Income
$100,046
Median Earnings
$1,678
Median Rent
$805,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building renovated in 1998, located at 1273 Lancaster Ave in a C-1 commercial zoning district.
Where is this office building located?
The property is located at 1273 Lancaster Ave Berwyn, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two‑story office building at 1273 Lancaster Ave; Renovated in 1998; Year built: 1978
