145 W Lancaster Ave,DOWNINGTOWN, PA 19335
DOWNINGTOWN, PA 19335
Description
Mixed-use investment opportunity located along Lancaster Avenue, one of Downingtown's primary commercial corridors. The property consists of eight one-bedroom residential apartments positioned above two street-level retail storefronts, creating a diversified income stream from both residential and commercial tenants. The residential units benefit from strong rental demand driven by the area's employment base, walkability, and convenient access to the Downingtown Borough center, SEPTA Regional Rail, and Amtrak service. The retail storefronts enjoy visibility along Lancaster Avenue and provide additional income diversification within the asset. The property currently generates approximately $138,528 in annual gross rental income and includes a mix of market-rate and Housing Authority of Chester County (HACC) supported tenants, providing stable occupancy and consistent cash flow. This property is being offered individually or as part of a Portfolio, a larger collection of 10 multifamily and mixed-use investment properties located in close proximity. Full Offering Memorandums and Portfolio information, financials, and supplemental offering materials are available upon request.
Details
| MLS # | PACT2128994 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1900 |
| Days On Site | 129 |
| Listing Provided By | Real of Pennsylvania | Beau McGettigan |
Features
| Story(s) | 3 |
|---|---|
| Units | 10 |
| Zoning | C-2 |
| Acreage | 0.23 |
Interior
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Construction Materials | Other |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 12088 |
|---|
Area Information
| State | PA |
|---|---|
| County | CHESTER PA |
| City | DOWNINGTOWN |
| Zip Code | 19335 |
| Area | Downingtown Boro (10311) |
| School District | DOWNINGTOWN AREA |
| Listing VS Median (in 19335) | |
Price: $1,400,000 low | high Med: $509,500 On site: 129 low | high Med: 38.5 | |
Market Activity 19335
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Learn More About This Property
| State | PA |
|---|---|
| County | CHESTER PA |
| City | DOWNINGTOWN |
| Zip Code | 19335 |
| Area | Downingtown Boro (10311) |
| School District | DOWNINGTOWN AREA |
| Listing VS Median (in 19335) | |
Price: $1,400,000 low | high Med: $509,500 On site: 129 low | high Med: 38.5 | |