Commercial Land with Townhouse
For Sale
Contact for pricing
601 E Lancaster Ave. Downingtown Pa, Downingtown, PA 19355
Existing 1929 building supports office use or conversion back to residential use.
Property Size2,247 SF
Price / SF$333.78
Days on Market197
Property Features for 601 E Lancaster Ave. Downingtown Pa
General Information
Standard status
Active
Size
2,247 SF
Property subtype
Land, Office
Building Details
Year Built
1929
Buildings
1
Stories
3
Listing Agency:
Lieberman Earley & Company
Listed By:
Phil Earley, CCIM · License #PA
Source:
Crexi
Added: Apr 3
Changed: Oct 4
Last Checked: Oct 14 at 11:45PM
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 Lieberman Earley & Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land listing includes an existing building constructed in 1929. The structure can support office use, or it may be converted back to residential use.
Subdivision work is underway to add four townhouse lots to the property. The address is 601 E Lancaster Ave. in Downingtown, Pennsylvania.
Subdivision work is underway to add four townhouse lots to the property. The address is 601 E Lancaster Ave. in Downingtown, Pennsylvania.
Key Highlights
- Subdivision planning includes 4 additional townhouse lots
- Existing building constructed in 1929
- Potential office use for the current building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,327
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,540
$706.5K
Cap Rate 7%
$504,671
$504.7K
Cap Rate 9%
$392,522
$392.5K
Market Conditions
NOI Build-Up for 2,247 SF
Gross rent
$58.5K $26.04/SF
− Vacancy
−$11.4K −$5.08/SF
EGI
$47.1K $20.96/SF
− OpEx
−$11.8K −$5.24/SF
NOI
$35.3K $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%
$706,540
Cap Rate 7%
$504,671
Cap Rate 9%
$392,522
Alternative Uses
Best Use
Office B
$504.7K
$441.6K – $588.8K
NOI $35,327 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$681.3K
$596.1K – $794.8K
NOI $47,689 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
260
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Existing 1929 building supports office use or conversion back to residential use.
Where is this commercial land located?
The property is located at 601 E Lancaster Ave. Downingtown Pa Downingtown, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Subdivision planning includes 4 additional townhouse lots; Existing building constructed in 1929; Potential office use for the current building
