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Property profile & analytics
OFF-MARKET Estimated value $820,000
Office buildings

45 Lancaster Ave Downingtown, PA 19335-2846

5,015 SF 0.48 ac lot Built 1962
Individually Owned 24-yr Hold Free & Clear
Property ID
US73-0024017
Property summary
AI-generated overview

This exceptional commercial property, located at 45 W Lancaster Ave in Downingtown, Pennsylvania (zip code 19335), presents a unique investment opportunity. The 4,950 square foot building sits on a 0.48-acre lot and is zoned C-1, offering versatile usage potential. Currently configured as a retail space and warehouse, it features a clear floor plan ideal for various businesses. The property boasts 29 parking spaces, ensuring ample convenience for customers and employees. Inside, you'll find 14-foot ceilings, providing generous vertical space, along with two loading docks for efficient freight handling. Three bathrooms are conveniently located throughout the building. The property includes a functional HVAC system and three-phase electric service, catering to diverse operational needs. The occupancy date is October 30, 2024. This property is classified as Class B and is situated in Chester County. Its prime location and versatile design make it an attractive option for a wide range of commercial enterprises. The combination of retail and warehouse space, coupled with ample parking and convenient access, makes this a truly compelling investment prospect. Don't miss this chance to acquire a well-maintained and strategically located commercial property in a thriving Pennsylvania market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1962
Total area 5,015 SF
Lot 0.48 ac (21,000 SF)
Zoning code C1
APN 1107 03370000
UPID US73-0024017
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
  • Priori Mattress Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$960k
CAP Approach CAP
by Request
Comparable Approach Comparable
$635k
Blend (final) Blend
$820k
Owner & transaction history
Larry J Priori · 24 yrs held
Larry J Priori
since 2002
Last sale
$753,665
1 recorded transaction
2002
$110,000
Zoning & alternative use
C1 · Downingtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.1M +14.9%
Apartment house (5+ units) $950,000 +2.1%
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