Property profile

520 E Lancaster Ave Downingtown, PA 19335

FOR LEASE
Office buildings
Property ID
US73-3504235
25,576 SF 0.8 ac lot Built 1926
Entity Owned 5-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Take-out & Catering
  • Grocery & Convenience Store Specialty Food Shop
  • Advertising Agency Marketing & Advertising

Location

520 E Lancaster Ave Downingtown, PA 19335
Downingtown metro Census 304101 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$840k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$690k

Owner & transaction history

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

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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