49 Lancaster AvePaoli, PA 19301

Property Details for 49 Lancaster Ave

Year built

1987

Lot size

0.61 AC

Property size (Sq ft)

5,700 SF

Zone code

SPDD

Property type

Office properties

Property subtype

Other office properties

APN

4309M01030000

APU

4309M01030000

Description

This exceptional investment opportunity presents a fee-simple interest in a 4,700 square foot Chase Bank branch located at 49 E Lancaster Ave, Paoli, PA 19301. The property sits on a 0.11-acre lot in the affluent Chester County, part of the Philadelphia MSA. Built in 1987 and renovated in 2021, this single-tenant building boasts a 15-year net lease (NN) with Chase Bank, an investment-grade tenant (S&P A+), expiring October 31, 2039. The lease includes 10% rent bumps every five years and options for two five-year extensions and one four-year, eleven-month extension. The current annual net operating income (NOI) is $210,000, representing a 5.00% cap rate and a price per square foot of $893.62. The property benefits from high visibility on Route 30, a bustling retail corridor with numerous national retailers, and enjoys proximity to major employers and affluent residential areas. The average household income within a 1-mile radius exceeds $187,000, and rises to over $217,000 within 3 and 5-mile radii. This presents a compelling opportunity for long-term, stable income generation in a prime location. The asking price is $4,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,572,830

  6.5%

  $1,451,843

  7%

  $1,348,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $781,987

  Geo Method

  $744,762

• Alternative Use

  Use

  Valuation

  Residential

  $1,800,285

  Hospitality

  $1,649,051

  Educational

  $1,371,991

  Medical

  $1,419,176

  Retail

  $2,134,209

Location Insight

City

Paoli

County

Chester

State

Pennsylvania

Latitude

40.0424

Longitude

-75.4809

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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