Technical
Financial
Distress signals
Property profile

288 Lancaster Ave Malvern, PA 19355

OFF-MARKET
Turn key restaurants
Property ID
US73-0486799
20,748 SF 1.4 ac lot Built 1964
Individually Owned 23-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional executive office space, located at 288 Lancaster Avenue in Malvern, Pennsylvania (zip code 19355), offers a unique opportunity within the charming Nobb Hill Shops and Offices. The property, situated in Chester County, comprises a single three-story brick building totaling 1,800 square feet. Currently, the entire 1,800 square feet is available for lease, offering flexibility for businesses seeking various sizes of space. The minimum leasable area is 250 square feet, allowing for smaller businesses to establish a presence, while the maximum contiguous space available is the entire 1,800 square feet, catering to larger organizations. These ground-level offices are situated in Building 3, a traditional brick structure located in the heart of the complex. The building boasts a colonial style with brick sidewalks and attractive décor. The offices feature bright windows on all sides, creating a well-lit and pleasant work environment. Recent renovations have updated the interiors, providing modern amenities within a historically charming setting. This location offers easy access to local amenities and provides a professional and inviting atmosphere for any business. The property is ideal for businesses seeking a blend of historical charm and modern functionality in a highly desirable location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Total area 20,748 SF
Lot 1.4 ac (60,984 SF)
Zoning code C4
APN 4204 03110000
UPID US73-0486799

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising
  • Consultant
  • Metaphysical Supply Store Book Store
  • Travel Agency
  • Counselor

Location

288 Lancaster Ave Malvern, PA 19355-1800
Malvern metro Census 302103 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$765k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

C4 · Malvern, PA
Zoning description

tial District Article X R7 - Residential District Article XI Reserved Article XII C1 - Commercial District Article XIII C2 - Adaptive Reuse Commercial District Article XIV C3 - Town Center Commercial District Article XV…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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