Mixed-Use Retail and
For Sale
$1,420,000
145 W Lancaster Avenue, Downingtown, PA 19335
Eight one-bedroom apartments sit above two street-level retail storefronts on a major commercial corridor.
Property SizeContact for details
Days on Market76
Property Features for 145 W Lancaster Avenue
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
[]
Additional Details
Multifamily Units
8
Building Details
Year Built
1900
Listing Agency:
Real of Pennsylvania
(215) 664-1091
Listed By:
Beau McGettigan · License #AB069815
Source:
Deepcreeklake
Added: Jun 10
Changed: Aug 23
Last Checked: Aug 24 at 6:04AM
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
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
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
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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 Avenue Downingtown, PA.
What is the asking price?
The asking price for this property is $1,420,000.
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
