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Mixed unit building in Downingtown Pa
Storefront with Apartment Above for Sale in Downingtown
Listing Contacts
License: PA RS295392
Active
Asking Price: $429,900
Earnest Money Deposit: $20,000 min.
Address
137 W Lancaster Ave, Downingtown, PA 19335
Show on MapDate Added
Jul 8, 2022
Days on Market
1015 days
Time Since Last Update
150 days
Details
Property TypeMixed Use
Subtypeoffice, retail, store front
ClassB
Tenant CreditCredit Rated
TenancyMulti
Number of Tenants2
Square Footage3,000
Net Rentable (sq ft)3,000
Price/Sq Ft$143.30
Cap Rate6.80%
Occupancy100%
Units2
Year Built1950
Buildings1
Parking (spaces)8
Rent BumpsNo
INTELLIGENCEMarketing 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
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Broker/Agent Selected Comps
| Distance | Property | Date Sold | Sold Price | Property Type | City | State | |
|---|---|---|---|---|---|---|---|
| 0.15 miles | 72 W LANCASTER AVE |  | | Office | Downingtown | PA | |
| 0.75 miles | 347 E LANCASTER AVE | | | Multifamily | Downingtown | PA | |
| 0.66 miles | 315 E LANCASTER AVE | | | Multifamily | Downingtown | PA |
Property History
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Due Diligence
Listing Contacts
- License: PA RS295392
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