121 Lancaster AvePaoli, PA 19301

Property Details for 121 Lancaster Ave

Year built

1900

Lot size

0.19 AC

Property size (Sq ft)

2,986 SF

Zone code

SPDD

Property type

Office properties

Property subtype

Office buildings

APN

4309M01130000

APU

4309M01130000

Description

This exceptional mixed-use property, located at 121 E Lancaster Avenue in Paoli, Pennsylvania (zip code 19301), presents a unique investment opportunity. The building, constructed in 1900, boasts a total of 2,200 square feet of net rentable space spread across two stories. The property is zoned Town Center District (TCD) and sits on a 0.19-acre lot, offering ample space and potential for various uses. Currently configured as a storefront with a two-bedroom apartment, this versatile building benefits from its high-traffic location on Lancaster Avenue (US Route 30), enjoying visibility to an estimated 40,000 vehicles per day. The property includes on-site parking and convenient street parking options. Its prime location places it in close proximity to a variety of established businesses, including ACME, Walgreens, Chase Bank, Dunkin', and 7-Eleven, ensuring high foot traffic and strong potential for tenant occupancy. The asking price for this attractive mixed-use building is $629,000. This presents a rare chance to acquire a well-situated property with significant upside potential in a thriving Pennsylvania community.

• CAP approach

  CAP return

  Valuation

  6%

  $823,942

  6.5%

  $760,562

  7%

  $706,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $409,651

  Geo Method

  $390,151

• Alternative Use

  Use

  Valuation

  Residential

  $943,097

  Hospitality

  $863,872

  Educational

  $718,731

  Medical

  $743,449

  Retail

  $1,118,026

Location Insight

City

Paoli

County

Chester

State

Pennsylvania

Latitude

40.0424

Longitude

-75.4771

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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