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    Corner Three-Story Restaurant Building Title is generated by Realmo AI

    812 W Lancaster Avenue, Bryn Mawr, PA 19010

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    For Sale
    $1,400,000

    Detached corner building with a former 120-seat restaurant on the first floor and three levels total.

    Type:Commercial
    Property size:
    5,920 SF
    Price / SF:
    $236/SF
    Added:
    Apr 1, 2026
    Days on Market:
    66
    Last Refresh:
    Jun 5 at 2:25 am

    Property Features for 812 W Lancaster Avenue

    General Information

    Standard status
    Active
    Size
    5,920 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Christie Paine

    Listing agent Christie Paine

    Listing office BHHS Fox & Roach-Haverford

    Listing date Apr 1, 2026

    Source Deepcreeklake

    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 BHHS Fox & Roach-Haverford

    HighLights

    • Detached corner building built in 1920 with 3 floors and a total of 5,920 sq ft
    • First‑floor former restaurant with seating capacity for 120
    • Public meter parking available behind the movie theatre
    • Location in Bryn Mawr near WSFS Bank, PNC Bank, post office, Bryn Mawr Hospital, and nearby public parking lots
    • Sold as‑is and needs rehab

    Overview

    This property is a single detached corner building with three floors and a total of 5,920 square feet. The first floor was previously operated as a restaurant with 120 seats. The building is being sold as-is and needs rehab.

    Public meter parking is available behind a movie theatre. The property is in Bryn Mawr and is near the library, across from WSFS Bank, and close to PNC Bank, the post office, Bryn Mawr Hospital, new development, and two public parking lots.

    For buyers or operators looking for a multi-level site with an existing restaurant layout on the first floor, this building offers a defined starting point for re-tenanting or redevelopment. With parking options nearby and multiple nearby services and employers, it can support a range of food and beverage concepts, subject to renovation and any required approvals. The sale includes the property in its current condition, so budgeting for repairs and upgrades is an important part of the due diligence process.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $106.6k $18.00
    − Vacancy −$5.1k −$0.86
    EGI $101.4k $17.14
    − OpEx −$25.4k −$4.28
    NOI $76.1k $12.85
    5,920 SF · lease $18.00/SF/yr · vacancy 4.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.09M
    $951.1K – $1.27M (±1% cap)
    NOI $76,084 @ 7.0% cap · market cap 5.43%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.79M
    $1.57M – $2.09M (±1% cap)
    NOI $125,642 @ 7.0% cap · market cap 8.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bryn Mawr
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.318751
    Latitude
    40.021365

    Nearby Similar for Sale

    • $1,400,000

      Bryn Mawr Commercial Building

      Three-story building in Bryn Mawr with restaurant potential.
      812 W LANCASTER AVENUE, BRYN MAWR, PA 19010
      View Details
    • $465,000
      1,200 SF

      Turn-Key Restaurant in Bryn Mawr

      Fully equipped, operational restaurant for sale in prime location.
      1009 Lancaster Ave, Bryn Mawr, PA 19010
      View Details
    • Contact for pricing
      15,000 SF

      Lancaster Avenue Specialty Property

      Specialty property available for sale on Lancaster Avenue.
      572 Lancaster Avenue, Bryn Mawr, PA 19010
      View Details
    • Contact for pricing

      Bryn Mawr Retail Space Available

      Retail space in the heart of the Main Line.
      915-925 West Lancaster Ave, Bryn Mawr, PA 19010
      View Details
    • $2,500,000
      8,100 SF

      Renovated Office Building Near Hospital

      Recently renovated office building near Bryn Mawr Hospital and train.
      888 Glenbrook Ave, Bryn Mawr, PA 19010
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Detached corner building with a former 120-seat restaurant on the first floor and three levels total.
    Where is this conventional restaurant located?
    The property is located at 812 W Lancaster Avenue Bryn Mawr, 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: Detached corner building built in 1920 with 3 floors and a total of 5,920 sq ft; First‑floor former restaurant with seating capacity for 120; Public meter parking available behind the movie theatre
    We can help!
    Listing Contact
    Christie Paine
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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