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Property profile & analytics
OFF-MARKET Estimated value $555,000
Commercial real estate

1029 Lancaster Ave Berwyn, PA 19312-1242

3,663 SF 0.22 ac lot Built 1920
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US73-1539004
Property summary
AI-generated overview

This exceptional commercial property, located at 1029 Lancaster Avenue in Berwyn, Pennsylvania, 19312, offers a prime opportunity for businesses seeking versatile and renovated space. The building boasts a total of 3,700 square feet, with one immediately available unit encompassing 1,200 square feet. This unit is ideal for a variety of uses, thanks to its flexible zoning (C1) and suitability for both traditional office and coworking setups, as well as retail. The space has undergone renovations, resulting in a modern and functional layout ready for immediate occupancy. Its prominent location on Lancaster Avenue provides excellent street visibility and accessibility, ensuring high foot traffic and brand exposure. The property is categorized as retail and office, allowing for diverse business applications. Multiple tenancies are possible within the larger building, offering scalability options for growing businesses. The minimum divisible space is 1,200 square feet, making it perfect for businesses needing a substantial footprint. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a well-located, renovated commercial space in a thriving Pennsylvania community. The property's latitude and longitude coordinates are 40.0449416 and -75.4483673 respectively.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Total area 3,663 SF
Lot 0.22 ac (9,583 SF)
Zoning code C1
APN 4310L00440000
UPID US73-1539004
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
  • Tri State Commercial Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$753k
Blend (final) Blend
$555k
Owner & transaction history
1029 Lancaster Avenue LLC · 9 yrs held
1029 Lancaster Avenue LLC
since 2017
3 recorded transactions
2021
Price N/A
2017
$355,000
2007
Price N/A
Zoning & alternative use
C1 · Berwyn, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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