145 W Lancaster Ave, Downingtown, PA 19335

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List Price
$1,400,000
Price Change
▼ $20,000 1790663680
Status
ACTIVE
MLS#
PACT2128994
Lot Size (Acres)
0.23
Year Built
1900
County
Chester
School District
Downingtown Area

Property Description

Mixed-use investment opportunity located along Lancaster Avenue, one of Downingtown's primary commercial corridors. The property consists of eight one-bedroom residential apartments positioned above two street-level retail storefronts, creating a diversified income stream from both residential and commercial tenants. The residential units benefit from strong rental demand driven by the area's employment base, walkability, and convenient access to the Downingtown Borough center, SEPTA Regional Rail, and Amtrak service. The retail storefronts enjoy visibility along Lancaster Avenue and provide additional income diversification within the asset. The property currently generates approximately $138,528 in annual gross rental income and includes a mix of market-rate and Housing Authority of Chester County (HACC) supported tenants, providing stable occupancy and consistent cash flow. This property is being offered individually or as part of a Portfolio, a larger collection of 10 multifamily and mixed-use investment properties located in close proximity. Full Offering Memorandums and Portfolio information, financials, and supplemental offering materials are available upon request.

Additional Information

Area
Downingtown Boro (10311)
School District
Downingtown Area
Heating
Hot Water
Cooling
Other
Water
Public
Sewer
Public Sewer

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Listing courtesy of Real of Pennsylvania. Contact: