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    1616 Lancaster Ave Paoli, PA 19301

    For Sale
    $6,400,000

    Prime Paoli Shopping Center, 100% Occupied

    Property size:
    23,454 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A, 23,454 square foot shopping center in Paoli, Pennsylvania presents a compelling investment opportunity. Located at 1616 Lancaster Avenue in Chester County, this single-story, 1966-built property underwent renovations in 2020 and sits on a 1.96-acre lot. Currently boasting 100% occupancy across three units, the property features a strong tenant mix including a well-established bridal retailer and a complementary beauty salon. All tenants are under gross leases with a remaining term of seven years, providing immediate and stable cash flow. The seller will execute a three-year sale-leaseback upon closing, further securing full occupancy and consistent revenue for the buyer. This stabilized investment offers a 7.70% cap rate and benefits from its location in a high-income area, with average household incomes exceeding $222,000 within a three-mile radius. The property enjoys high visibility on Lancaster Avenue (Route 30), a major thoroughfare with significant daily traffic volume. This prime location, coupled with the strong tenant base and long-term leases, makes this a rare and attractive investment opportunity in a highly desirable market. The property's strategic location within Philadelphia's Main Line, known for its affluence and prestige, further enhances its investment potential. This is a turnkey opportunity for investors seeking secure, long-term returns in a robust and sought-after commercial market. The asking price for this exceptional property is $6,400,000.

    Property Features for 1616 Lancaster Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    23,454 SF
    Class
    A
    Lot Size
    85,378 SF

    Building Details

    Year Built/Renovated
    1966/2020
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Fully occupied, 23,454 SF retail center in Paoli, PA, offering immediate cash flow.
    • Long‑term leases and a three‑year seller leaseback ensure stable returns.
    • Strong tenant mix featuring a bridal retailer and beauty salon.
    • Prime Main Line location in affluent Chester County, PA.
    • High visibility on Route 30 (Lancaster Avenue) with significant daily traffic.
    • High average household income exceeding $220,000 within a three‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carrollton Design Build ... Construction Company Something You Beauty ... Beauty Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Paoli
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.4683732
    Latitude
    40.041887

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Paoli Shopping Center, 100% Occupied
    Where is this lifestyle center located?
    The property is located at 1616 Lancaster Ave Paoli, PA.
    What is the asking price?
    The asking price for this property is $6,400,000.
    What are key features of this property?
    This property features: Fully occupied, 23,454 SF retail center in Paoli, PA, offering immediate cash flow.; Long-term leases and a three-year seller leaseback ensure stable returns.; Strong tenant mix featuring a bridal retailer and beauty salon.
    Request Owner's contact information
    1616 Lancaster Ave Paoli, PA 19301
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    Paoli, PA 19301
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1616 Lancaster Ave Paoli, PA 19301
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