137 W Lancaster Ave Downingtown, PA 19335
Mixed-use property with storefront and apartment near transportation.
Type:Mixed Use
Property size:
3,000 SF- Added:
- Jul 8, 2022
- Days on Market:
- 1381
- Last Refresh:
- Mar 17 at 1:23 pm
Property Features for 137 W Lancaster Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1950
Listing agent Peter Gustis License #PA RS295392
Listing office Springer Realty Group
Listing date Jul 8, 2022
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Springer Realty Group
Overview
Downingtown Mixed-Use Investment Opportunity
Located on Main Street in Downingtown, this mixed-use property features a storefront and a two-bedroom apartment with one bathroom. The property is situated one block from the Downingtown Train Station and half a block from the Septa Bus Stop, offering convenient access to transportation. The storefront generates $2,000 in monthly income and includes a full bathroom with a shower. The second-floor apartment brings in $1,200 per month. The property includes eight parking spots. The property generates approximately $38,400 in yearly income with $7,724 in yearly expenses, resulting in a cap rate of 6.8%. The property offers potential as an investment or a location for a business. The owner is relocating, and the business is not included in the sale. The total property size is 3,000 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Conley Kitchens & Baths
Kitchen & Bath Showroom
Smoker’s Emporium Smoke ...
(Bike/Boat/Book/etc) Store
Salon DeSante
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Downingtown
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.701498
- Latitude
- 40.006991
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with storefront and apartment near transportation.
Where is this mixed-use property located?
The property is located at 137 W Lancaster Ave Downingtown, PA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: High Income Potential: Approximately $38,400 yearly income.; Strong Cap Rate: **6.8% capitalization rate.**; Prime Location: Right on Main Street in Downingtown.
