45 Lancaster AveDowningtown, PA 19335
- Office properties
- 5,015 SF
Property Details for 45 Lancaster Ave
- Year built
- 1962
- Lot size
- 0.48 AC
- Property size (Sq ft)
- 5,015 SF
- Zone code
- C1
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 1107 03370000
- APU
- 110703370000
Description
This exceptional commercial property, located at 45 W Lancaster Ave in Downingtown, Pennsylvania (zip code 19335), presents a unique investment opportunity. The 4,950 square foot building sits on a 0.48-acre lot and is zoned C-1, offering versatile usage potential. Currently configured as a retail space and warehouse, it features a clear floor plan ideal for various businesses. The property boasts 29 parking spaces, ensuring ample convenience for customers and employees. Inside, you'll find 14-foot ceilings, providing generous vertical space, along with two loading docks for efficient freight handling. Three bathrooms are conveniently located throughout the building. The property includes a functional HVAC system and three-phase electric service, catering to diverse operational needs. The occupancy date is October 30, 2024. This property is classified as Class B and is situated in Chester County. Its prime location and versatile design make it an attractive option for a wide range of commercial enterprises. The combination of retail and warehouse space, coupled with ample parking and convenient access, makes this a truly compelling investment prospect. Don't miss this chance to acquire a well-maintained and strategically located commercial property in a thriving Pennsylvania market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,383,814
- 6.5%
- $1,277,367
- 7%
- $1,186,126
-
Comparable approach
- Method
- Valuation
- Relative Method
- $688,011
- Geo Method
- $655,260
-
Alternative Use
- Use
- Valuation
- Residential
- $1,583,935
- Hospitality
- $1,450,876
- Educational
- $1,207,112
- Medical
- $1,248,626
- Retail
- $1,877,729
Location Insight
- City
- Downingtown
- County
- Chester
- State
- Pennsylvania
- Latitude
- 40.0048
- Longitude
- -75.7073
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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