$1,000,000
$1,100,000
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183 LANCASTER AVE Malvern, PA 19355
5,824 SqFt
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 5,824 sqft
Price per Sqft $171
MLS Listing ID PACT2046772
Sold Date 09/15/23
Originating Board BRIGHT
Year Built 2003
Annual Tax Amount $13,960
Tax Year 2023
Lot Size 0.889 Acres
Acres 0.89
Lot Dimensions 0.00 x 0.00
Property Description
Fantastic opportunity to purchase in East Whiteland Township. This two story office building would be a perfect fit for either an investor as the property is currently fully rented, or as a user buyer. Currently there are two offices in the building, one on the first floor and one on the second floor. The property sits on .89 acres and the building total square footage is 6,000 sf. The property is zoned in East Whiteland's Frontage Commercial District (more information on this zoning district can be located on East Whiteland's eCode360 website page). Property has been excellently maintained by property manager and owner since the building was constructed in 2003. Potential for a much higher ROI as the first floor rent amount is well under market value. Attached Pro Forma current and potential as well all zoning information. Listing Agent is related to the Seller.
Location
State PA
County Chester
Area East Whiteland Twp (10342)
Zoning FRONTAGE COMMERCIAL DIST.
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 22.0
Waterfront N
Water Access N
Roof Type Shingle
Accessibility Ramp - Main Level, Level Entry - Main
Parking Type Parking Lot
Total Parking Spaces 22
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Great Valley
Others
Tax ID 42-04 -0102.0400
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System,Smoke Detector
Special Listing Condition Standard
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Bought with Lisa Pilotti Campbell • Metric Realty