500 Lancaster AveBerwyn, PA 19087

Property Details for 500 Lancaster Ave

Year built

1940

Lot size

0.60 AC

Property size (Sq ft)

682 SF

Zone code

B

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5502M01410000

APU

5502M01410000

Description

This exceptional Class A retail property, St. David's Square, located at 500 E Lancaster Ave in Wayne, Pennsylvania (zip code 19087), offers 63,053 square feet of completely vacant, free-standing retail space. The property is ideally suited for multiple tenants, with flexible lease options available. Two spaces are currently available, providing a minimum of 20,000 square feet and a maximum contiguous space of 43,053 square feet. This presents a unique opportunity for businesses seeking significant space in a high-traffic location. The building's Class A designation reflects its superior construction, modern amenities, and prime location within the thriving Wayne, PA market. The address is easily accessible, boasting high visibility and ample parking for customers and employees. This property is perfect for a variety of retail uses, offering a chance to establish a strong presence in a desirable area. The entire 63,053 square feet is currently available, allowing for a single large tenant or multiple smaller tenants to occupy the space. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a significant retail presence in a highly sought-after location in Wayne, Pennsylvania.

• CAP approach

  CAP return

  Valuation

  6%

  $276,636

  6.5%

  $255,356

  7%

  $237,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $235,781

  Geo Method

  $224,558

• Alternative Use

  Use

  Valuation

  Residential

  $215,403

  Hospitality

  $197,308

  Educational

  $164,158

  Medical

  $169,803

  Retail

  $255,356

Location Insight

City

Berwyn

County

Chester

State

Pennsylvania

Latitude

40.0468

Longitude

-75.4353

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].