Mixed-Use Property With
For Sale
$1,400,000
932 W LANCASTER AVENUE, Bryn Mawr, PA 19010
Fully occupied asset combines commercial space with multiple residential units.
Property Size5,813 SF
Price / SF$240.84
Days on Market82
Property Features for 932 W LANCASTER AVENUE
General Information
Standard status
Active
Size
5,813 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR, 1 x studio, 1 x 2BR, 1 x 2BR/2.5BA
Multifamily Units
5
Amenities
security camera system
coin operated washer/dryer area
Building Details
Year Built
1920
Buildings
2
Listing Agency:
Charles J Falcone
(610) 449-1300
Listed By:
Charles P Falcone · License #RB028857L
(610) 842-3204
Source:
Cummingsrealtors
Added: Aug 6
Changed: Oct 25
Last Checked: Oct 24 at 5:17PM
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 Charles J Falcone
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Investment Insights
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This 5,813-square-foot mixed-use property includes two buildings. The Lancaster Avenue building provides approximately 1,800 square feet of first-floor retail/office space, along with four apartments above: two one-bedroom units, one studio, and one two-bedroom unit. A separate two-story townhouse adds two bedrooms, two full bathrooms, one half bath, and dedicated off-street parking. The buildings were constructed in 1920 and are fully occupied.
Property improvements include retail-area gas-fired HVAC, security cameras, a coin-operated laundry area, window replacements, parking lot resurfacing, and tenant fit-out work. Individualized split HVAC units were added in 2025 for the second-floor apartments in Building 1. Building 2 received renovations in 2019 and 2025, including a second bedroom and bath, a relocated grade-level kitchen, separated electric service, a new gas-fired hot water boiler, and an electric domestic hot water heater.
The property is within walking distance of the Bryn Mawr regional rail and Amtrak stations, SEPTA bus stops, Villanova University, Haverford College, and Bryn Mawr College. The current owner has held the property for 21 years, with virtually no extended vacancy during that period.
Property improvements include retail-area gas-fired HVAC, security cameras, a coin-operated laundry area, window replacements, parking lot resurfacing, and tenant fit-out work. Individualized split HVAC units were added in 2025 for the second-floor apartments in Building 1. Building 2 received renovations in 2019 and 2025, including a second bedroom and bath, a relocated grade-level kitchen, separated electric service, a new gas-fired hot water boiler, and an electric domestic hot water heater.
The property is within walking distance of the Bryn Mawr regional rail and Amtrak stations, SEPTA bus stops, Villanova University, Haverford College, and Bryn Mawr College. The current owner has held the property for 21 years, with virtually no extended vacancy during that period.
Key Highlights
- 5,813 SF mixed‑use property with two buildings
- Approximately 1,800 SF of first‑floor retail/office space
- Residential mix includes four apartments and a 2‑bedroom townhouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,273
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,460
$1.2M
Cap Rate 7%
$832,471
$832.5K
Cap Rate 9%
$647,478
$647.5K
Market Conditions
NOI Build-Up for 5,813 SF
Gross rent
$122.8K $21.12/SF
− Vacancy
−$16.8K −$2.89/SF
EGI
$106.0K $18.23/SF
− OpEx
−$47.7K −$8.20/SF
NOI
$58.3K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,460
Cap Rate 7%
$832,471
Cap Rate 9%
$647,478
Alternative Uses
Best Use
Apartment 5plus
$832.5K
$728.4K – $971.2K
NOI $58,273 @ 7.0% cap · market cap 4.16%
Second Best
Mixed Use
$822.1K
$719.4K – $959.2K
NOI $57,549 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,371 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,939
Businesses Nearby
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Business Placement
Demographics for 19010, PA
21,270
Population
8,520
Households
2.5
Avg Household Size
38
Median Age
77%
College-Educated
98%
High-School Grad
8.5 sq mi
ZIP Area
2,502
Density / Sq Mi
$143,986
Median Household Income
$61,732
Median Earnings
$1,890
Median Rent
$788,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied asset combines commercial space with multiple residential units.
Where is this mixed-use property located?
The property is located at 932 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: 5,813 SF mixed‑use property with two buildings; Approximately 1,800 SF of first‑floor retail/office space; Residential mix includes four apartments and a 2‑bedroom townhouse
