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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

237 Lancaster Ave Wayne, PA 19087

1.1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 14,673 square foot medical office building, formerly a Rite Aid, presents a unique investment opportunity in the heart of Wayne, Pennsylvania. Situated on a highly visible, signalized corner lot in Delaware County, this single-tenant property boasts ample off-street parking, ensuring convenient access for patients and staff. The building's strategic location benefits from significant daily traffic exceeding 25,000 vehicles, and a strong demographic profile with a median household income exceeding $150,000 within a one-mile radius. The property features a desirable open floor plan with higher-than-standard ceiling heights, offering flexibility for various medical practices. Currently, 7,673 square feet of space is available, divisible into units as small as 2,500 square feet, catering to a range of tenant needs and expansion possibilities. The 1.1-acre lot provides ample space for future development or expansion. This property is ideal for medical professionals seeking a high-visibility location in a thriving community with a strong patient base. The building's size and layout offer significant potential for a variety of medical uses, making it an attractive investment for both established practices and new ventures. The combination of location, size, and accessibility makes this a truly exceptional opportunity.

Property profile
Verified
Property type Retail properties & Spaces
Lot 1.1 ac (47,916 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rite Aid Pharmacy
  • Rite Aid Pharmacy Pharmacy
  • CDReload - Online Bitcoin ATM Money Transfer Service Crypto Atm
  • Katey Moody Psychotherapist Counselor
  • Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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