Downingtown Retail, Medical, Office
150 East Pennsylvania Avenue, Downingtown, PA 19335
For Sale
Contact for pricing
Retail, medical, and office suites in Downingtown's Mill Town.
Property Size103,880 SF
Days on Market252
Property Features for 150 East Pennsylvania Avenue
General Information
Standard status
Size
Class
Property subtype
Lease Term
Building Details
Building Size
Properties For Sale
at 150 East Pennsylvania Avenue Contact usSuite 220
Size
3,308 SF
Type
Strip Center
Term
Negotiable
Suite 410
Size
3,000 SF
Type
Medical
Term
Negotiable
Suite 510 & 520 Combined
Size
4,932 SF
Type
Medical
Term
Negotiable
Suite 510
Size
3,281 SF
Type
Medical
Term
Negotiable
Suite 520
Size
1,651 SF
Type
Medical
Term
Negotiable
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Listing Agency:
First Liberty Partners
Listed By:
Frank Englund · License PA RS196641L
(610) 505-8493
Source:
Firstlibertypartners
Added: Mar 6
Changed: Aug 15
Last Checked: Aug 14 at 6:02AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Mill Town Square serves as the central hub for retail, medical, and business activities in Downingtown. This complex comprises multiple buildings featuring retail, medical, and office suites, along with a retail pad site, offering suites in various square footage options. Connected to Downingtown’s Main Street and two community parks, it is suitable for retail stores, medical offices, and businesses seeking high-end space with strong demographics and a convenient location. Onsite property management provides a concierge style of management, fostering long-term tenancies, with some tenants occupying the space for 10 to 20 years. The location is near dining options, local shops, and convenient services. Mill Town Square offers a variety of suite options for medical, retail, or office tenants. Larger tenants, including Green Street Grill, Kimberton Whole Foods, and Planet Fitness, contribute to the foot traffic. The central location allows easy access to nearby healthcare facilities and professional services. The area features scenic parks, outdoor recreation, and community events. The property offers abundant parking, onsite ownership and management, quick access to major roadways, and walkability to shops, eateries, Septa R-5, and Amtrak.
Key Highlights
- Prime location in Downingtown's Mill Town Square.
- High foot traffic location due to anchor tenants.
- Onsite property management provides concierge‑style service.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,174,073
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,481,460
$23.5M
Cap Rate 7%
$16,772,471
$16.8M
Cap Rate 9%
$13,045,256
$13.0M
Market Conditions
NOI Build-Up for 103,880 SF
Gross rent
$1.87M $18.00/SF
− Vacancy
−$192.6K −$1.85/SF
EGI
$1.68M $16.15/SF
− OpEx
−$503.2K −$4.84/SF
NOI
$1.17M $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%
$23,481,460
Cap Rate 7%
$16,772,471
Cap Rate 9%
$13,045,256
Alternative Uses
Best Use
Retail
$16.77M
$14.68M – $19.57M
NOI $1,174,073 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$35.60M
$31.15M – $41.54M
NOI $2,492,322 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Home Improvements & Furnishings 17%
Shops & Services 10%
McDonald's
Dining
22,208 visits/mo
0.1 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
5,792 visits/mo
0.1 miles
Truist
Shops & Services
3,493 visits/mo
0.3 miles
PrimoHoagies
Dining
1,842 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Shopping centers in Chester County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Mill Town Square — 150 E Pennsylvania Ave, Downingtown, PA 19335
- 2 KB NAILS — 719 E Lancaster Ave #705, Downingtown, PA 19335
Frequently Asked Questions
What type of property is this?
Shopping center - Retail, medical, and office suites in Downingtown's Mill Town.
Where is this shopping center located?
The property is located at 150 East Pennsylvania Avenue Downingtown, PA.
What are key features of this property?
This property features: Prime location in Downingtown's Mill Town Square.; High foot traffic location due to anchor tenants.; Onsite property management provides concierge‑style service.
