Downingtown Mixed-Use Investment
137 W LANCASTER Avenue Downingtown, PA 19335
For Sale
$424,900
MULTI_FAMILY - Other - DOWNINGTOWN, PA
Property Size3,000 SF
Lot Size0.13 Acres
Price / SF$141.63
Days on Market1479
Property Features for 137 W LANCASTER Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 8
- Parking features
- Driveway
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3485
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Frame, Stucco
- Architectural style
- Other
Listing Agency:
Springer Realty Group
(484) 498-4000
Listed By:
Peter B Gustis · License #RS295392
(610) 209-9219
Added: Jul 7, 2022
Changed: Jun 9
Last Checked: Jul 24 at 5:06PM
MLS# PACT2028520
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 137 W Lancaster Ave in Downingtown, PA, this mixed-use property features a storefront and a one-bedroom apartment with two bathrooms. The third floor, previously finished, offers the potential for an additional bedroom. The property includes eight parking spots. The location is one block from the Downingtown Train Station and half a block from the Septa Bus Stop, situated on Downingtown's Main Street. The first floor was converted into a larger storefront. The property presents an investment opportunity or a location for a business. The owner is relocating, and the business is not included in the sale. The lot size is 0.1286 acres, and the property size is 3000 square feet. The potential cap rate is 6.8%.
Key Highlights
- High potential cap rate of 6.8% for investors.
- Prime location: Just 1 block from Downingtown Train Station and half a block from Septa Bus Stop, right on Main Street.
- Mixed‑use property featuring a storefront and a 1‑bedroom apartment with 2 bathrooms.
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 |
3,000 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$656.8K
$574.7K – $766.3K
NOI $45,978 @ 7.0% cap · market cap 10.82%
Second Best
Retail
$484.4K
$423.8K – $565.1K
NOI $33,907 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$909.6K
$795.9K – $1.06M
NOI $63,670 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conley Kitchens & Baths
Kitchen & Bath Showroom
Smoker’s Emporium Smoke ...
(Bike/Boat/Book/etc) Store
Salon DeSante
Hair Salon
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with storefront and apartment near transportation.
Where is this mixed-use property located?
The property is located at 137 W LANCASTER Avenue Downingtown, PA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: High potential cap rate of 6.8% for investors.; Prime location: Just 1 block from Downingtown Train Station and half a block from Septa Bus Stop, right on Main Street.; Mixed‑use property featuring a storefront and a 1‑bedroom apartment with 2 bathrooms.
