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183 Lancaster Avenue

MALVERN, PA 19355
  • $1,000,000
  • STATUS: Closed
  • ON SITE: 117 Days
  • ID#: PACT2046772
Sold - 09/15/2023
$1,000,000
SOLD - 09/15/2023
  • 0
    BEDS
  • 0.89
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
East Whiteland Twp (10342)
Type:
Commercial
Built:
2003
County:
Chester
Area:
East Whiteland Twp (10342)

School Ratings & Info

School District:
Great Valley
Visit GreatSchools.org

Description

Fantastic opportunity to purchase in East Whiteland Township. This two story office building would be a perfect fit for either an investor as the property is currently fully rented, or as a user buyer. Currently there are two offices in the building, one on the first floor and one on the second floor. The property sits on .89 acres and the building total square footage is 6,000 sf. The property is zoned in East Whiteland's Frontage Commercial District (more information on this zoning district can be located on East Whiteland's eCode360 website page). Property has been excellently maintained by property manager and owner since the building was constructed in 2003. Potential for a much higher ROI as the first floor rent amount is well under market value. Attached Pro Forma current and potential as well all zoning information. Listing Agent is related to the Seller.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-10-02T23:51:58.38.
www.locomusings.com/homes/140344026
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183 Lancaster Avenue MALVERN, PA 19355

  • Price: $1,100,000
  • Status: Closed
  • On Site: 117 Days
  • ID#: PACT2046772
0
Beds
0
Baths
0
½ Baths
0.89
Acres
2003
Built
Neighborhood:
East Whiteland Twp (10342)
County:
Chester
Area:
East Whiteland Twp (10342)
School District:
Great Valley
Property Description
Fantastic opportunity to purchase in East Whiteland Township. This two story office building would be a perfect fit for either an investor as the property is currently fully rented, or as a user buyer. Currently there are two offices in the building, one on the first floor and one on the second floor. The property sits on .89 acres and the building total square footage is 6,000 sf. The property is zoned in East Whiteland's Frontage Commercial District (more information on this zoning district can be located on East Whiteland's eCode360 website page). Property has been excellently maintained by property manager and owner since the building was constructed in 2003. Potential for a much higher ROI as the first floor rent amount is well under market value. Attached Pro Forma current and potential as well all zoning information. Listing Agent is related to the Seller.
Exterior Features

Construction Materials Combination Garage YN No Location Type Business District Parking Features Lighted Parking Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5824.00 Cooling Central A/C Heating 90% Forced AirCentral Heating YN Yes Net Square Feet 6000.00 Security Features Fire Detection SystemSmoke Detector

Property Features

Accessibility Features Ramp - Main LevelLevel Entry - Main Assessment Year 2023 Business Type Health ClubInstitutionalMedicalProfessionalBed And BreakfastGarden CenterBig Box RetailHair Salon And SpaOther/General RetailRestaurant/BarShopping Center Buyer Financing Conventional Central Air YN Yes Cooling Fuel Electric Elevators 0 Entry Level 1 Foundation Details Slab Gross Income 87542.50 Heating Fuel Natural Gas Historic YN No Hot Water Electric Municipality East Whiteland Twp Navigable Water YN N Net Operating Income 58266.00 New Construction YN No Number Of Units Total 0 Operating Expense 29276.00 Operating Expense Includes InsuranceHeating/CoolingElectricLandscapingRepair/MaintenanceSewerSnow RemovalWaterOther Original MLSNumber 802393707844 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 13960.00 Tax Assessment Amount 500060.00 Tax Lot 0102.0400 Total Actual Rent 92150.00 Vacation Rental YN No Water Source Public Zoning Frontage Commercial Dist. Zoning Description Can Be Used As RetailBusiness Or Professional Offices. See East Whiteland Zoning Attachment 6 Posted in The Documents Section.

Listing courtesy of Metric Realty: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-10-02T23:51:58.38.
 
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540 Fort Evans Road Suite 303
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