1616 Lancaster Ave Paoli, PA 19301
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Prime Paoli Shopping Center, 100% Occupied
Property size:
23,454 SFProperty 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
Listing Agency: MSC Retail Listing Agent: Jesse Dubrow
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Carrollton Design Build ...
Construction Company
Something You Beauty ...
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Paoli
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.4683732
- Latitude
- 40.041887
Nearby Similar for Sale
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.
