24 W Lancaster Avenue

Description

This multi-tenant building sits in the heart of Ardmore in front of Ardmore One and yards away from Ardmore Train Station and Suburban Square. It is a renovated commercial, retail building with second and third floor office suites. The basement, first and second floor are all the same footprint of approx 25 x 100 for 2500 sf on each of those levels. The third floor office suite is approx 1000 or 1100 sf and had terrific charm with vaulted ceilings and exposed red brick. Many key parts of this building have been redone over the past few years.This building was re-constructed from a historic shell back in 1993 to code with dry sprinklers, new electrical, plumbing, framing, drywall, light fixtures, etc. on 12" centers. There were new windows and fire rated doors. The HVAC was replaced about 4 years ago. The roof replaced about 5 years ago. The Fire alarm/smoke detectors were replaced about 3 years ago and the water heaters were replaced in 2020.There are currently 6 tenants on the rent roll:1st floor -extended lease 3-5 yearsOffice 1 - long term 10+years tenantOffice 2 - one year leaseOffice 3 - month to month leaseOffice 4 - month to monthOffice 5 - three year lease (Pays own electric)Own a key piece of Ardmore Real estate!