520 Lancaster Ave Downingtown, PA 19335
- Office buildings
- 25,576 SF
- 0.80 lot acres
Current Use by Public Records
- Mental Health Crisis Intrvntn / Psychologist
- Cowell Joseph R / Psychologist
- Pizza Hut / Pizza Delivery
- Handel’s Homemade Ice Cream / Ice Cream Shop
- Strategic Sports Marketing / Marketing Agency
Property Details for 520 Lancaster Ave
- Year built
- 1926
- Lot size
- 0.80 lot acres
- Property size
- 25,576 SF
- Zone code
- R4
- Property type
- Office buildings
- APN
- 1105 00460000
- APU
- 110500460000
Description
520 East Lancaster Avenue presents a unique investment opportunity in a thriving Chester County location. This single-story, 35,440 square foot mixed-use complex boasts four retail storefront spaces on the ground floor, ideal for a variety of businesses. Two spaces are currently available, ranging from 1,200 to 1,242 square feet. Beyond the retail spaces, the property includes a modern distribution center, adding significant logistical advantages for tenants. The building's strategic location on heavily trafficked Route 30 (Lancaster Avenue) ensures high visibility and accessibility. Adding to its appeal, the property offers shared amenities for tenants, including a second-floor executive office space complete with individual offices, conference rooms, a kitchenette, a lounge area, and a fully functional podcast studio. Outdoor courtyard seating provides an additional amenity for tenants and their customers. This property offers a blend of retail space, modern distribution capabilities, and attractive shared office amenities, making it an exceptional opportunity for businesses seeking a prime location and comprehensive facilities in a bustling commercial area. The property's single-building design simplifies management and operation. The combination of retail and distribution capabilities makes this a versatile and attractive investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $690,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $650,000
- 6.5%
- $665,000
- 7%
- $755,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $665,000
- Geo Method
- $630,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $725,000
- Retail
- $705,000
- Mixed-Use
- $785,000
- Hospitality
- $625,000
- Educational
- $745,000
- Residential Income
- $635,000
- Energy
- $700,000
- Income-Based Land
- $720,000
- Food Service
- $785,000
Location Insight
- Map
- Local Demand
- City
- Downingtown
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.6939
- Latitude
- 40.012
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
