Commercial Land with Existing
For Sale
$5,750,000
310 Lancaster Ave, Malvern, PA 19355
Frontage commercial property with an existing dealership, service shop, and storage buildings.
Property Size32,103 SF
Price / SF$179.11
Days on Market93
Property Features for 310 Lancaster Ave
General Information
Standard status
Active
Size
32,103 SF
Class
B
Property subtype
retail
Listing Agency:
JLL | Wayne
(610) 249-2255
Listed By:
Scott Williams · License #RS305598
(610) 721-9912
Source:
Property.jll
Added: Jul 16
Changed: Oct 15
Last Checked: Oct 14 at 8:15PM
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 JLL | Wayne
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Investment Insights
Based on property information with market context.
This 5-acre commercial property includes a 27,800 SF dealership with 9,820 SF of second-floor office space, a 6,000 SF high-bay service shop, and a 2,200 SF storage building. The existing improvements provide a combination of showroom, office, service, and storage facilities on a commercial land holding.
Located at 310 Lancaster Ave in Malvern, the property is identified as frontage commercial in East Whiteland Township and offers 756 feet of road frontage. Permitted uses include retail, brewpub, daycare, office, medical office, garden center, veterinarian, auto sales and service, assisted living, and hospital uses.
Located at 310 Lancaster Ave in Malvern, the property is identified as frontage commercial in East Whiteland Township and offers 756 feet of road frontage. Permitted uses include retail, brewpub, daycare, office, medical office, garden center, veterinarian, auto sales and service, assisted living, and hospital uses.
Key Highlights
- 5‑acre commercial property in East Whiteland Township
- 756 feet of road frontage on Lancaster Ave
- 27,800 SF dealership with 9,820 SF second‑floor office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$504,712
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,094,240
$10.1M
Cap Rate 7%
$7,210,171
$7.2M
Cap Rate 9%
$5,607,911
$5.6M
Market Conditions
NOI Build-Up for 32,103 SF
Gross rent
$836.0K $26.04/SF
− Vacancy
−$163.0K −$5.08/SF
EGI
$672.9K $20.96/SF
− OpEx
−$168.2K −$5.24/SF
NOI
$504.7K $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%
$10,094,240
Cap Rate 7%
$7,210,171
Cap Rate 9%
$5,607,911
Alternative Uses
Best Use
Office B
$7.21M
$6.31M – $8.41M
NOI $504,712 @ 7.0% cap · market cap 8.78%
Second Best
Retail
$5.18M
$4.54M – $6.05M
NOI $362,835 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$9.73M
$8.52M – $11.36M
NOI $681,331 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 19355, PA
29,273
Population
11,815
Households
2.5
Avg Household Size
41
Median Age
73%
College-Educated
97%
High-School Grad
38.3 sq mi
ZIP Area
764
Density / Sq Mi
$162,917
Median Household Income
$87,900
Median Earnings
$1,960
Median Rent
$662,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Frontage commercial property with an existing dealership, service shop, and storage buildings.
Where is this commercial land located?
The property is located at 310 Lancaster Ave Malvern, PA.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 5‑acre commercial property in East Whiteland Township; 756 feet of road frontage on Lancaster Ave; 27,800 SF dealership with 9,820 SF second‑floor office space
