Downingtown Mixed-Use Investment
For Sale
$424,900
137 W Lancaster Avenue, Downingtown, PA 19335
Mixed-use property with storefront and apartment near transportation.
Property Size3,000 SF
Price / SF$141.63
Days on Market1561
Property Features for 137 W Lancaster Avenue
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Zoning
R60 MIX
Taxes and HOA fees
Annual Taxes
$3,485
Amenities
Dirt Floor
Natural Gas
Yes
No
Estimated
No Pool
Rear Yard,Road Frontage
Public
R60
0.00 x 0.00
0.13
Assessor
Driveway
Private,Secure Parking
Awning(s)
Block,Other
34300.00
8
Building Details
Building Size
3,000 SF
Year Built
1950
Listing Agency:
Samson Properties
(856) 222-0077
Listed By:
Ryan LeBon
Source:
Thetristaterealestategroup
Added: Jul 7, 2022
Changed: Oct 1
Last Checked: Oct 12 at 4:58PM
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 Samson Properties
Investment Insights
Based on property information with market context.
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.
Key Highlights
- High Income Potential: Approximately $38,400 yearly income.
- Strong Cap Rate: 6.8% capitalization rate.
- Prime Location: Right on Main Street in Downingtown.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,907
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,140
$678.1K
Cap Rate 7%
$484,386
$484.4K
Cap Rate 9%
$376,744
$376.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$5.6K −$1.85/SF
EGI
$48.4K $16.15/SF
− OpEx
−$14.5K −$4.84/SF
NOI
$33.9K $11.30/SF
Area
Chester County, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,140
Cap Rate 7%
$484,386
Cap Rate 9%
$376,744
Alternative Uses
Best Use
Mixed Use
$656.8K
$574.7K – $766.3K
NOI $45,978 @ 7.0% cap · market cap 10.82%
Second Best
Retail
$484.4K
$423.8K – $565.1K
NOI $33,907 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$909.6K
$795.9K – $1.06M
NOI $63,670 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 30%
Home Improvements & Furnishings 7%
Wawa
Shops & Services
39,933 visits/mo
0.4 miles
McDonald's
Dining
22,208 visits/mo
0.2 miles
Turkey Hill Minit Market
Shops & Services
6,019 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
5,792 visits/mo
0.2 miles
Truist
Shops & Services
3,493 visits/mo
0.3 miles
Demographics for 19335, PA
52,406
Population
20,276
Households
2.6
Avg Household Size
40
Median Age
62%
College-Educated
98%
High-School Grad
43.3 sq mi
ZIP Area
1,210
Density / Sq Mi
$136,839
Median Household Income
$69,850
Median Earnings
$1,647
Median Rent
$464,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
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 Avenue Downingtown, PA.
What is the asking price?
The asking price for this property is $424,900.
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.
