Views
Address
353 Lancaster Avenue, Malvern, PA
Price
$ 980,000
Property Attributes
- MLS#PACT2060538
- TypeCommercial
- CountyCHESTER
- CityMalvern
- AreaEast Whiteland Twp
- Zip19355
- StyleDay Care Facility,Hair Salon and Spa,Medical,Profe
- Year Built1953
- Taxes$ 5133
- Price$ 980,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2894
- Lot Size11,326 SqFt
Data Source:
Bright MLS
Property Description
Investment Opportunity. Multi Unit building in the heart of East Whiteland, with a prime location and high visibility on Lancaster Ave. near the intersection of Rte 352. Minutes from 202 and major routes and easy access to public transportation. Property includes 2 residential apartments and 3 commercial spaces, and would be perfect for a user/owner to grow their business, while also receiving rental income. Includes designated basement storage and multiple entrance/exits, including rear garage space. Parking lot for 12-14 vehicles. Current leases for two of the commercial spaces through March 2026. Leases for the two residential spaces expire in 2024.
| Price History | |
|---|---|
| 2/20/2024 | Listed $980,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | Central A/C,Wall Unit |
| Utilities | Cable TV,Multiple Phone Lines,Natural Gas Available |
| Possession | Immediate |
| Roof | Rubber |
| Zoning | C60 |
| Security Features | Exterior Cameras,Motion Detectors,Monitored,Smoke Detector,Carbon Monoxide Detector(s) |
| Construction Materials | Block,Brick,Stucco |
| Year Built | 1953 |
| Electric | 120/240V |
| View | Street |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 78600.00 |
| Business Type | Day Care Facility,Hair Salon and Spa,Medical,Professional,Religious Facility,School,Vet/Kennel,Other |
| Accessibility | None |
| County | CHESTER |
| New Construction | No |
| Property Type | Commercial Sale |
| Facing Direction | South |
| Possible Use | Apartments,Day Care,Dry Cleaner,Food & Beverage,Laundromat,Mixed Use,Multi-Family,Professional Service,Residential,Senior Assisted/Day Care,Spa,Other |
| Water Access Y/N | No |
| Transportation | Commuter Rail Station 1 to 5 miles,Bus Stop less than 1 mile,Commuter Lots less than 5 miles |
| Status | ACTIVE |
| Directions | From 352,East on Lancaster Ave,Pass Church Road,Building is on the left after Beechwood Ave. |
| ModificationTimestamp | 2024-02-20T14:32:18 |
| City | MALVERN |
| Buyer Agent Compensation | 2.5 |
| Disclosures | None |
| Zoning Description | Available for commercial or mixed used (commercial and residential) |
| Total Units | 5 |
| MLS Area | East Whiteland Twp (10342) |
| Lot Size Square Feet | 11266.00 |
| Tax Assessed Value | 183870.0 |
| Waterfront Y/N | No |
| Street Name | LANCASTER |
| Tax Annual Amount | 5133.0 |
| Price Per Sq Ft | 298.78 |
| Acceptable Financing | Cash,Conventional,VA |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | http://tour.circlepix.com/home2/NEZ2KQ/353-Lancaster-Avenue-Malvern-PA-PACT485372 |
| Days on Market | 71 |
| Location Type | Free Standing |
| Standard Status | Active |
| Year Built Source | Assessor |
| Cap Rate | 4.90 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Hardwood,Carpet,Ceramic Tile |
| Hot Water | Natural Gas |
| Total Stories | 2 |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
| Total Restrooms | 5 |
Exterior Features
| Parking Features | Paved Parking |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 11 |
| Type of Parking | Parking Lot |
| Foundation Details | Block |
| Water View Y/N | No |
| Building Area Total | 3280.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.26 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | No |
| Car Parking Spaces | 10 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19355
Price
Taxes
Visits
Year Built
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