Property Attributes
- MLS#PACT2060538
- TypeCommercial
- CountyCHESTER
- CityMalvern
- AreaEast Whiteland Twp
- Zip19355
- StyleDay Care Facility,Hair Salon and Spa,Medical,Profe
- Year Built1953
- Taxes$ 5133
- Price$ 980,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2894
- Lot Size11,326 SqFt
Data Source:
Bright MLS
Property Description
Investment Opportunity. Multi Unit building in the heart of East Whiteland, with a prime location and high visibility on Lancaster Ave. near the intersection of Rte 352. Minutes from 202 and major routes and easy access to public transportation. Property includes 2 residential apartments and 3 commercial spaces, and would be perfect for a user/owner to grow their business, while also receiving rental income. Includes designated basement storage and multiple entrance/exits, including rear garage space. Parking lot for 12-14 vehicles. Current leases for two of the commercial spaces through March 2026. Leases for the two residential spaces expire in 2024.
Price History | |
---|---|
2/20/2024 | Listed $980,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Hot Water |
Cooling | Central A/C,Wall Unit |
Utilities | Cable TV,Multiple Phone Lines,Natural Gas Available |
Possession | Immediate |
Roof | Rubber |
Zoning | C60 |
Security Features | Exterior Cameras,Motion Detectors,Monitored,Smoke Detector,Carbon Monoxide Detector(s) |
Construction Materials | Block,Brick,Stucco |
Year Built | 1953 |
Electric | 120/240V |
View | Street |
Property SubType | Mixed Use |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
Gross Income | 78600.00 |
Business Type | Day Care Facility,Hair Salon and Spa,Medical,Professional,Religious Facility,School,Vet/Kennel,Other |
Accessibility | None |
County | CHESTER |
New Construction | No |
Property Type | Commercial Sale |
Facing Direction | South |
Possible Use | Apartments,Day Care,Dry Cleaner,Food & Beverage,Laundromat,Mixed Use,Multi-Family,Professional Service,Residential,Senior Assisted/Day Care,Spa,Other |
Water Access Y/N | No |
Transportation | Commuter Rail Station 1 to 5 miles,Bus Stop less than 1 mile,Commuter Lots less than 5 miles |
Status | ACTIVE |
Directions | From 352,East on Lancaster Ave,Pass Church Road,Building is on the left after Beechwood Ave. |
ModificationTimestamp | 2024-02-20T14:32:18 |
City | MALVERN |
Buyer Agent Compensation | 2.5 |
Disclosures | None |
Zoning Description | Available for commercial or mixed used (commercial and residential) |
Total Units | 5 |
MLS Area | East Whiteland Twp (10342) |
Lot Size Square Feet | 11266.00 |
Tax Assessed Value | 183870.0 |
Waterfront Y/N | No |
Street Name | LANCASTER |
Tax Annual Amount | 5133.0 |
Price Per Sq Ft | 298.78 |
Acceptable Financing | Cash,Conventional,VA |
Lease Considered Y/N | No |
Vacation Rental Y/N | No |
Virtual Tour | http://tour.circlepix.com/home2/NEZ2KQ/353-Lancaster-Avenue-Malvern-PA-PACT485372 |
Days on Market | 71 |
Location Type | Free Standing |
Standard Status | Active |
Year Built Source | Assessor |
Cap Rate | 4.90 |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Flooring | Hardwood,Carpet,Ceramic Tile |
Hot Water | Natural Gas |
Total Stories | 2 |
Heating Y/N | Yes |
Street Suffix | AVENUE |
Central Air Y/N | Yes |
Total Restrooms | 5 |
Exterior Features
Parking Features | Paved Parking |
---|---|
Water Source | Public |
Total Parking Spaces | 11 |
Type of Parking | Parking Lot |
Foundation Details | Block |
Water View Y/N | No |
Building Area Total | 3280.00 |
Lot Dimensions | 0.00 x 0.00 |
Lot Size Acres | 0.26 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Fencing Y/N | No |
Car Parking Spaces | 10 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool