137 Lancaster Ave Downingtown, PA 19335-2979
Property profile & analytics
137 Lancaster Ave, Downingtown, PA 19335-2979
- Office buildings
- 6,589 SF
- 0.11 lot acres
Property ID
US73-0710521
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Conley Kitchens & Baths / Kitchen & Bath Showroom / Furniture & Home Goods
- Smoker’s Emporium Smoke and Vape shop / (Bike/Boat/Book/etc) Store
- Salon DeSante / Hair Salon
Property Details for 137 Lancaster Ave
- Year built
- 1900
- Lot size
- 0.11 lot acres
- Zone code
- C2
- Property type
- Office buildings
- APN
- 1108 00210000
- APU
- 110800210000
Description
This exceptional mixed-use property, located at 137 W Lancaster Ave in Downingtown, Pennsylvania (zip code 19335), presents a compelling investment opportunity. The 3,000 square foot building, constructed in 1950, is classified as Class B and boasts a 100% occupancy rate with two credit-rated tenants. The property comprises a street-level retail storefront and a two-bedroom, one-bathroom apartment on the second floor. The storefront generates an annual income of $24,000, while the apartment produces $14,400 annually, resulting in a total gross annual income of approximately $38,400. Annual expenses are estimated at $7,724, yielding a 6.8% capitalization rate. The property includes eight parking spaces, a significant advantage in this high-traffic area. Conveniently situated one block from the Downingtown Train Station and a half-block from a SEPTA bus stop, this property benefits from excellent visibility and accessibility on Downingtown's main street. The sale includes the building only
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $834,000
Market price range: $834k - $1.78M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,225,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,250,000 Change: +2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Downingtown
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.7017
- Latitude
- 40.0073
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,190
$62,350
$109,830
$172,180
-
$62,350
$109,830
$172,180
