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3 Park Ln Downingtown, PA 19335

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

Property summary

AI-generated overview

This exceptional retail space, located at 3 Park Lane in the vibrant Centre Square of Downingtown, Pennsylvania, presents a unique opportunity for businesses seeking high visibility and foot traffic. Boasting a 0.17-acre lot, this renovated property is ready for a tenant's finishing touches. The space features all-new mechanical systems, including radiant floor heating and central air conditioning, a brand-new ADA-compliant restroom, recessed lighting, and abundant natural light. Its central location within Centre Square ensures maximum exposure to the over 17,000 vehicles that pass daily. The property's walkability is a key advantage, with close proximity to Kerr Park, the Struble Trail, numerous restaurants, shopping options, and just three blocks from the Downingtown train station. All utilities, plumbing, and wiring are completely new. While ideally suited for general retail use, the space is also adaptable for professional office purposes

Property profile

Verified
Property type Retail properties & Spaces
Year built 1950
Lot 0.17 ac (7,405 SF)

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

Realmo proprietary · 4 methods
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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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