For Sale
$1,059,900

126 Lincoln Hwy Coatesville, PA 19320

Historic building, 7 units, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional mixed-use property, located at 126 E Lincoln Hwy in Coatesville, Pennsylvania, presents a compelling investment opportunity. The fully renovated, three-story building boasts 10,165 square feet and comprises seven units: six apartments (across the second and third floors) and a substantial 3,000-square-foot ground-level retail space. All units are currently 100% occupied, generating a strong net operating income (NOI) of $100,000 and a 9.43% capitalization rate. The asking price is $1,059,900, translating to $104.27 per square foot. Built in 1920 and extensively renovated in 2023, the property features updated HVAC, plumbing, flooring, and fixtures. Seven parking spaces are included—a significant advantage in a town with limited parking availability. The building's prime location in downtown Coatesville, surrounded by thriving businesses such as a brew pub, steak and seafood restaurant, and the historic Iron Eagle restaurant, ensures high visibility and strong tenant demand. The proximity to the soon-to-be-completed Coatesville train station and the potential development of a nearby sports complex further enhances the property's long-term investment potential. This is a rare chance to acquire a historic, high-performing asset in a revitalizing Pennsylvania town. The property offers both immediate income and significant future appreciation potential.

Highlights

  • Fully leased 7-unit building: 6 apartments and 1, 3,000 SF retail space.
  • 2023 renovation with updated HVAC, plumbing, flooring, and fixtures.
  • Prime downtown Coatesville location near restaurants and amenities.
  • Seven parking spaces; a significant advantage in a parking-constrained area.
  • Historic building offering strong income and appreciation potential.

Property Details for 126 Lincoln Hwy

Property type
Retail properties, Mixed-use properties
Square Feet
10,165 SF
Year Built/Renovated
1920/2023
Stories
3
Units
7

Location Insight

City
Coatesville
County
Chester
State
Pennsylvania
Latitude
39.98328263935
Longitude
-75.822768900685

FAQs

What type of property is this?
Retail property - Historic building, 7 units, high ROI.
Where is the retail property located?
The property is located at 126 Lincoln Hwy Coatesville, PA.
What is the asking price?
The asking price for this property is $1,059,900.
What are key features of this property?
This property features: Fully leased 7-unit building: 6 apartments and 1, 3,000 SF retail space.; 2023 renovation with updated HVAC, plumbing, flooring, and fixtures.; Prime downtown Coatesville location near restaurants and amenities.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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126 Lincoln Hwy
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