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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
7471895
7471896

137 W Lancaster Ave, Downingtown, PA 19335 For Sale

PG
PA RS295392
Springer Realty Group
Listed by Springer Realty Group
$429,900
1476 days on market
Updated 27 days ago

Mixed unit building in Downingtown Pa

Details
Property Type Mixed Use
Sub Type office, retail (+1)
Square Footage 3,000
Net Rentable (SqFt) 3,000
Units 2
Cap Rate 6.80%
Occupancy 100%
Tenancy Multi
Rent Bumps No
Price per SqFt $143
Class B
Year Built 1950
Buildings 1
Lot Size (SqFt) 0.13
Parking Spaces 8 spaces
Parking per 1,000 SqFt 2.67
Tenant Credit Credit Rated

Storefront with Apartment Above for Sale in Downingtown

Marketing description

137 W Lancaster Ave Downingtown. mixed unit. Store front and 2 bedroom apartment with 1 bathroom. $2,000 income for store front with 1 full bathroom (includes shower) and $1,200 for the 2nd floor apartment. There is 8 parking spots for this lot. Approximate $38,400 in yearly income and $7,724 in yearly expenses. Cap rate is 6.8%. This is a good investment for you or a place for your business? The owner is relocating and business is not included. This is 1 block away from the Downingtown Train Station and half a block away from the Septa Bus Stop. Right on the Main Street of Downingtown. This is a great location! 610-209-9219 - Pete Gustis

Investment highlights

https://www.youtube.com/watch?v=N9yDv2-dXSs

2 unit, used to be a 3 unit. current owner wanted a larger store front. approximate 6.8 cap rate

Listing Contacts

PG
PA RS295392
Springer Realty Group
Listed by Springer Realty Group

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