Property profile

240 Lancaster Ave Wayne, PA 19087

OFF-MARKET
Other commercial real estate
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Property ID
US73-2118009
4,426 SF 0.14 ac Built 1911
Last sale May 2025·$950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address.
Market Trends Soon

Property summary

AI-generated overview

This downtown retail storefront at 240 E Lancaster Avenue in Wayne, Pennsylvania, features a street-facing glass storefront with an awning and provides frontage/exposure along Lancaster Avenue. In addition to the primary customer-facing area, the unit includes a secondary back area designed to accommodate operational functions such as deliveries, inventory, and shipping, along with additional room that can be used for retail display or workflow.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$474k
Assessed land$216k
Assessed improvement$258k
Effective rate2.02%

Value estimate

· Nov 2026
$625k
$563k – $688k

Realmo valuation models over county records and 43 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$128 – $272
Qualifying comparables43

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDELAWARE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store11.9
Pharmacy11.3
Storage Facility11.2

Location

240 Lancaster Ave Wayne, PA 19087-4257
County assessor Recorded deeds · 5 transfers 43 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
238 Lancaster, Wayne, PA 19087-4177 $550,000 Apr 2024 3,623 SF
106 Wayne, Wayne, PA 19087-3315 $1,100,000 Feb 2024 5,594 SF
106 Lancaster, Wayne, PA 19087-4103 $612,500 Dec 2023 5,264 SF
133 Wayne, Wayne, PA 19087-3561 $825,000 Mar 2023 5,582 SF
131 Wayne, Wayne, PA 19087-3561 $675,000 Mar 2023 3,360 SF
623 Lancaster, Wayne, PA 19087-3103 $618,000 Feb 2023 4,898 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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