10 Lancaster AveArdmore, PA 19003

Property Details for 10 Lancaster Ave

Year built

1920

Lot size

0.14 AC

Property size (Sq ft)

13,792 SF

Zone code

ASDD1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

40-00-30064-01-9

APU

400030064019

Description

This exceptional Class A, 17,500 square foot storefront property, located at 10 W Lancaster Avenue in Ardmore, Pennsylvania, presents a unique investment or owner-user opportunity. The three-story, 1920-built building underwent a complete renovation in 2021, boasting three units and situated within the Town District Commercial zoning. Currently vacant with an occupancy date of February 16, 2024, this property offers 6,000 square feet of retail space and 3,000 square feet of turnkey office space on the second floor. An additional 4,000 square feet of basement space provides ample storage or potential for future tenant build-out. The property sits on Lancaster Avenue, a high-traffic area (15,375 AADT), in the heart of Ardmore's vibrant downtown, adjacent to Suburban Square, a prominent mixed-use development. This prime location within Lower Merion Township benefits from a highly affluent demographic

• CAP approach

  CAP return

  Valuation

  6%

  $5,894,314

  6.5%

  $5,440,906

  7%

  $5,052,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,924,920

  Geo Method

  $1,802,063

• Alternative Use

  Use

  Valuation

  Residential

  $6,746,723

  Hospitality

  $6,179,962

  Educational

  $5,141,656

  Medical

  $5,318,486

  Retail

  $7,998,132

Location Insight

City

Ardmore

County

Montgomery

State

Pennsylvania

Latitude

40.0078

Longitude

-75.2915

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].