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    237 Lancaster Ave Wayne, PA 19087

    Sponsored
    For Lease
    Contact for pricing

    Prime Medical Office Space - 7,673 SF Available

    Lot size:
    14,673 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,673 square foot medical office building, formerly a Rite Aid, presents a unique investment opportunity in the heart of Wayne, Pennsylvania. Situated on a highly visible, signalized corner lot in Delaware County, this single-tenant property boasts ample off-street parking, ensuring convenient access for patients and staff. The building's strategic location benefits from significant daily traffic exceeding 25,000 vehicles, and a strong demographic profile with a median household income exceeding $150,000 within a one-mile radius. The property features a desirable open floor plan with higher-than-standard ceiling heights, offering flexibility for various medical practices. Currently, 7,673 square feet of space is available, divisible into units as small as 2,500 square feet, catering to a range of tenant needs and expansion possibilities. The 1.1-acre lot provides ample space for future development or expansion. This property is ideal for medical professionals seeking a high-visibility location in a thriving community with a strong patient base. The building's size and layout offer significant potential for a variety of medical uses, making it an attractive investment for both established practices and new ventures. The combination of location, size, and accessibility makes this a truly exceptional opportunity.

    Property Features for 237 Lancaster Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,673 SF

    Unit(s) available at that property

    Space
    Size
    14,673 SF

    HighLights

    • 14,673 SF single‑tenant medical office building in Wayne, PA.
    • Located on a signalized corner with ample parking.
    • High traffic count (25,000+ vehicles daily) and high median household income ($150,000 within 1 mile).
    • Features high ceilings and an open floor plan; 7,673 SF available, divisible to 2,500 SF.
    • Situated on 1.1 acres in Delaware County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Drug Store Rite Aid Pharmacy Pharmacy CDReload - Online Bitcoin ... Crypto Atm Katey Moody Psychotherapist Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.381783118613
    Latitude
    40.043949828797

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    FAQs

    What type of property is this?
    Restaurant - Prime Medical Office Space - 7,673 SF Available
    Where is this restaurant located?
    The property is located at 237 Lancaster Ave Wayne, PA.
    What are key features of this property?
    This property features: 14,673 SF single-tenant medical office building in Wayne, PA.; Located on a signalized corner with ample parking.; High traffic count (25,000+ vehicles daily) and high median household income ($150,000 within 1 mile).
    Request Owner's contact information
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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
    237 Lancaster Ave Wayne, PA 19087
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