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Property profile & analytics
FOR LEASE
Office buildings

520 E Lancaster Ave Downingtown, PA 19335

25,576 SF 0.8 ac lot Built 1926
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US73-3504235
Property summary
AI-generated overview

520 East Lancaster Avenue presents a unique investment opportunity in a thriving Chester County location. This single-story, 35,440 square foot mixed-use complex boasts four retail storefront spaces on the ground floor, ideal for a variety of businesses. Two spaces are currently available, ranging from 1,200 to 1,242 square feet. Beyond the retail spaces, the property includes a modern distribution center, adding significant logistical advantages for tenants. The building's strategic location on heavily trafficked Route 30 (Lancaster Avenue) ensures high visibility and accessibility. Adding to its appeal, the property offers shared amenities for tenants, including a second-floor executive office space complete with individual offices, conference rooms, a kitchenette, a lounge area, and a fully functional podcast studio. Outdoor courtyard seating provides an additional amenity for tenants and their customers. This property offers a blend of retail space, modern distribution capabilities, and attractive shared office amenities, making it an exceptional opportunity for businesses seeking a prime location and comprehensive facilities in a bustling commercial area. The property's single-building design simplifies management and operation. The combination of retail and distribution capabilities makes this a versatile and attractive investment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1926
Total area 25,576 SF
Lot 0.8 ac (35,044 SF)
Zoning code R4
APN 1105 00460000
UPID US73-3504235
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
  • Mental Health Crisis Intrvntn Physician Medical Clinic
  • Cowell Joseph R Physician Medical Clinic
  • Pizza Hut Take-out & Catering
  • Handel’s Homemade Ice Cream Grocery & Convenience Store Specialty Food Shop
  • Strategic Sports Marketing Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$840k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$785k
Owner & transaction history
520 East Lancaster Associates LLC · 5 yrs held
520 East Lancaster Associates LLC
since 2021
Last sale
$670,000
7 recorded transactions
2021
$670,000
2018
Price N/A
2018
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R4 · Downingtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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