529 Uwchlan Ave Downingtown, PA 19335-1756
- Commercial real estate
- 7,413 SF
- 0.56 lot acres
Apr 01, 2022
Current Use by Public Records
- Commercial real estate
Property Details for 529 Uwchlan Ave
- Year built
- 1930
- Lot size
- 0.56 lot acres
- Property size
- 7,413 SF
- Zone code
- R1
- Property type
- Commercial real estate
- APN
- 3304 00850300
- APU
- 330400850300
Description
This versatile two-story commercial building, situated on a 0.56-acre lot at 529 W Uwchlan Avenue in Downingtown, PA, presents a unique investment opportunity. Currently vacant, the property offers significant potential for various uses. The building features three separate entrances, providing flexibility for multiple tenants or a single large occupant. The first floor, approximately 2000 square feet, previously served as a medical office and includes a reception area, several partitioned rooms, a bathroom, and two rooms suitable for residential use. The second floor also offers several divided rooms and a bathroom, adaptable for office or residential purposes. A full basement is accessible via two garage doors, providing ample parking or storage space, in addition to a large open area. The property includes a parking lot with capacity for seventeen vehicles. The building's location on a major street offers excellent visibility and accessibility, while maintaining a quiet neighborhood atmosphere. The first floor is available for lease at a monthly rate of $3,900. With potential for subdivision into eight separate units (subject to obtaining necessary permits and certificates), this property offers a compelling opportunity for both investors and owner-occupiers.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $635,000
- ML approach
- $630,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $602,000
Market price range: $498k - $1.30M
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Location Insight
- Map
- Local Demand
- City
- Downingtown
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.6654
- Latitude
- 40.0424
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA