49 Lancaster Ave Paoli, PA 19301-1419

Property Details for 49 Lancaster Ave

Year built

1987

Lot size

0.61 lot acres

Property size

5,700 SF

Zone code

SPDD

Property type

Office Properties & Spaces

APN

4309M01030000

APU

4309M01030000

Description

This exceptional investment opportunity presents a fee-simple interest in a 4,700 square foot Chase Bank branch located at 49 E Lancaster Ave, Paoli, PA 19301. The property sits on a 0.11-acre lot in the affluent Chester County, part of the Philadelphia MSA. Built in 1987 and renovated in 2021, this single-tenant building boasts a 15-year net lease (NN) with Chase Bank, an investment-grade tenant (S&P A+), expiring October 31, 2039. The lease includes 10% rent bumps every five years and options for two five-year extensions and one four-year, eleven-month extension. The current annual net operating income (NOI) is $210,000, representing a 5.00% cap rate and a price per square foot of $893.62. The property benefits from high visibility on Route 30, a bustling retail corridor with numerous national retailers, and enjoys proximity to major employers and affluent residential areas. The average household income within a 1-mile radius exceeds $187,000, and rises to over $217,000 within 3 and 5-mile radii. This presents a compelling opportunity for long-term, stable income generation in a prime location. The asking price is $4,200,000.

Location Insight

City

Paoli

County

Chester

State

Pennsylvania

Longitude

-75.4809

Latitude

40.0424

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments