137 Lancaster Ave Downingtown, PA 19335
Call to check price and availability
Prime location, high income potential.
Property size:
3,000 SFProperty Features for 137 Lancaster Ave
General Information
- Property type
- Mixed-use properties
- Square Feet
- 3,000 SF
- Class
- B
Building Details
- Year Built
- 1950
- Buildings
- 1
- Units
- 2
Listing Agency: Springer Realty Group Listing Agent: Peter B Gustis
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use property, located at 137 W Lancaster Ave in Downingtown, Pennsylvania (zip code 19335), presents a compelling investment opportunity. The 3,000 square foot building, constructed in 1950, is classified as Class B and boasts a 100% occupancy rate with two credit-rated tenants. The property comprises a street-level retail storefront and a two-bedroom, one-bathroom apartment on the second floor. The storefront generates an annual income of $24,000, while the apartment produces $14,400 annually, resulting in a total gross annual income of approximately $38,400. Annual expenses are estimated at $7,724, yielding a 6.8% capitalization rate. The property includes eight parking spaces, a significant advantage in this high-traffic area. Conveniently situated one block from the Downingtown Train Station and a half-block from a SEPTA bus stop, this property benefits from excellent visibility and accessibility on Downingtown's main street. The sale includes the building only
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
- -75.7099583
- Latitude
- 40.002952
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Prime location, high income potential.
Where is this mixed-use property located?
The property is located at 137 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: Two-unit retail building, previously a three-unit property.; Owner-occupied, larger storefront configuration.; Approximately 6.8% capitalization rate.
