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3 Park Ln Downingtown, PA 19335

OFF-MARKET Retail properties & Spaces Google Maps
Built 1950
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 831-square-foot commercial space, located at 3 Park Ln, Downingtown, PA 19335, presents a unique opportunity for retail or professional office use. Situated in the heart of Downingtown's Centre Square, this Class A property boasts a prime location with high visibility and foot traffic. Recently renovated in 2024, the space features all-new mechanical systems, a compliant ADA restroom, recessed lighting, and abundant natural light. The building, constructed in 1950, benefits from brand new plumbing, wiring, radiant floor heating, and central air conditioning. The property's C-2 zoning allows for a variety of uses, and inquiries about alternative uses are welcome. Its central location ensures maximum exposure, with over 17,000 vehicles passing daily. The space is conveniently located near Kerr Park, Struble Trail, numerous restaurants, shopping options, and just three blocks from the train station. The property's APN is 11-08-0007.0200, and the cross street is E Lancaster Ave. This single-tenant space is ready for immediate occupancy and offers an unparalleled opportunity to establish a thriving business in a vibrant and accessible location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1950

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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