For Sale
$4,375,000

34 Lancaster AvePaoli, PA 19301

Multi-tenant bank, high visibility, 29,690 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a multi-tenant commercial property ideally situated at 34 & 42 E Lancaster Ave in Paoli, Pennsylvania. The property encompasses a substantial 29,690 square feet, strategically divided into a 3,102 square foot single-tenant bank branch featuring a convenient drive-thru, and a 26,588 square foot office building. Built in 2004 and renovated in 2017, the property is exceptionally well-maintained and benefits from a prime corner location at the intersection of East Lancaster Avenue and Darby Road, offering unparalleled visibility to the approximately 27,000 vehicles that pass daily on US Route 30. The 1.7-acre lot provides ample parking with roughly 85 surface spaces for tenants and customers. This property is situated in the heart of Paoli, Pennsylvania, within Chester County, and boasts a zip code of 19301. The asking price is $4,375,000, translating to a price per square foot of $147.36. This presents a rare opportunity to acquire a high-performing, well-located commercial property with significant potential for future growth and return on investment.

Highlights

  • $4,375,000 asking price for a multi-tenant retail property.
  • 29,690 square feet on a 1.7-acre lot.
  • Located at 34 & 42 E Lancaster Ave, Paoli, PA 19301.
  • Features a 3,102 SF single-tenant bank branch with drive-thru.
  • Includes a 26,588 SF office building with approximately 85 surface parking spaces.
  • Built in 2004 and renovated in 2017.

Property Details for 34 Lancaster Ave

Property type
Retail properties, Banks
Square Feet
29,690 SF
Year Built/Renovated
2004/2017
Lot Size (sq. ft)
74,052 SF

Location Insight

City
Paoli
County
Chester
State
Pennsylvania
Latitude
40.0419768
Longitude
-75.4821662
34 Lancaster Ave, Paoli, Pennsylvania

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34 Lancaster Ave
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