841 Lancaster AveBryn Mawr, PA 19010

Property Details for 841 Lancaster Ave

Year built

1940

Lot size

0.05 AC

Property size (Sq ft)

3,772 SF

Zone code

C2

Property type

Investment properties

Property subtype

Live-work space

APN

40-00-30540-00-2

APU

400030540002

Description

This exceptional Bryn Mawr investment property presents a rare opportunity to acquire a fee-simple, multi-unit retail building at 841 1/2 W. Lancaster Avenue, in Montgomery County, Pennsylvania. The property, built in 1960 and renovated in 1996, boasts a total of 5,200 square feet across two stories, situated within the BMV-4 permitted zoning district. The ground floor comprises approximately 1,820 square feet of prime retail storefront space, currently vacant, offering significant potential for a variety of businesses. A substantial basement provides ample storage. The second floor features a three-bedroom, one-bathroom apartment, currently licensed as a student apartment within Lower Merion Township, generating consistent rental income. This dual-income stream presents a compelling investment proposition. The building consists of one structure with two units, offering flexibility and potential for future development or expansion. On-site parking is conveniently located at the rear of the building. The asking price for this Class B property is $865,000. This is a turnkey opportunity to own a well-located, income-producing retail property in a thriving Pennsylvania community. The property's location on Lancaster Avenue ensures high visibility and accessibility. Don't miss this chance to secure a valuable asset in a desirable market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,612,047

  6.5%

  $1,488,044

  7%

  $1,381,755

• Comparable approach

  Method

  Valuation

  Relative Method

  $799,942

  Geo Method

  $492,850

• Alternative Use

  Use

  Valuation

  Residential

  $1,845,174

  Hospitality

  $1,690,170

  Educational

  $1,406,201

  Medical

  $1,454,563

  Retail

  $2,187,424

Location Insight

City

Bryn Mawr

County

Montgomery

State

Pennsylvania

Latitude

40.0223

Longitude

-75.3194

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].