Mixed-Use Retail and
For Sale
$1,400,000
145 W Lancaster Ave, Downingtown, PA 19335
Eight one-bedroom apartments sit above two street-level retail storefronts on a major commercial corridor.
Property Size9,996 SF
Price / SF$140.06
Days on Market115
Property Features for 145 W Lancaster Ave
General Information
Standard status
Active
Size
9,996 SF
Additional Details
Multifamily Units
8
Building Details
Year Built
1900
Listing Agency:
Real of Pennsylvania
Listed By:
Beau McGettigan · License #AB069815
(484) 459-7882
Source:
Southjerseyshorehomesfinder
Added: Jul 1
Changed: Oct 17
Last Checked: Oct 7 at 5:39PM
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 Real of Pennsylvania
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Investment Insights
Based on property information with market context.
This mixed-use property includes eight one-bedroom residential apartments positioned above two street-level retail storefronts, creating combined income from both uses. The asset is designed with vertical stacking of residential and retail space, supporting a diversified rental structure within a single building.
The property is located along Lancaster Avenue, described as one of Downingtown’s primary commercial corridors, and is positioned to capture visibility for the retail storefronts. The public remarks also note convenient access to Downingtown Borough center, SEPTA Regional Rail, and Amtrak service.
The offering is for sale and is described as generating approximately $138,528 in annual gross rental income. Tenancy includes a mix of market-rate and Housing Authority of Chester County (HACC) supported tenants, and the property may be acquired individually or as part of a larger 75-unit portfolio of 11 multifamily and mixed-use properties in close proximity. Full offering materials and financials are available upon request.
The property is located along Lancaster Avenue, described as one of Downingtown’s primary commercial corridors, and is positioned to capture visibility for the retail storefronts. The public remarks also note convenient access to Downingtown Borough center, SEPTA Regional Rail, and Amtrak service.
The offering is for sale and is described as generating approximately $138,528 in annual gross rental income. Tenancy includes a mix of market-rate and Housing Authority of Chester County (HACC) supported tenants, and the property may be acquired individually or as part of a larger 75-unit portfolio of 11 multifamily and mixed-use properties in close proximity. Full offering materials and financials are available upon request.
Key Highlights
- Mixed‑use property with 8 one‑bedroom apartments above 2 street‑level retail storefronts
- Located along Lancaster Avenue, Downingtown’s primary commercial corridor
- Generates approximately $138,528 in annual gross rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,977
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,259,540
$2.3M
Cap Rate 7%
$1,613,957
$1.6M
Cap Rate 9%
$1,255,300
$1.3M
Market Conditions
NOI Build-Up for 9,996 SF
Gross rent
$179.9K $18.00/SF
− Vacancy
−$18.5K −$1.85/SF
EGI
$161.4K $16.15/SF
− OpEx
−$48.4K −$4.84/SF
NOI
$113.0K $11.30/SF
Area
Chester County, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,259,540
Cap Rate 7%
$1,613,957
Cap Rate 9%
$1,255,300
Alternative Uses
Best Use
Mixed Use
$2.19M
$1.91M – $2.55M
NOI $153,197 @ 7.0% cap · market cap 10.94%
Second Best
Retail
$1.61M
$1.41M – $1.88M
NOI $112,977 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,148 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 19335, PA
52,406
Population
20,276
Households
2.6
Avg Household Size
40
Median Age
62%
College-Educated
98%
High-School Grad
43.3 sq mi
ZIP Area
1,210
Density / Sq Mi
$136,839
Median Household Income
$69,850
Median Earnings
$1,647
Median Rent
$464,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight one-bedroom apartments sit above two street-level retail storefronts on a major commercial corridor.
Where is this mixed-use property located?
The property is located at 145 W Lancaster Ave Downingtown, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Mixed‑use property with 8 one‑bedroom apartments above 2 street‑level retail storefronts; Located along Lancaster Avenue, Downingtown’s primary commercial corridor; Generates approximately $138,528 in annual gross rental income
