$2,300,000
$2,495,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
118-120 N WAYNE AVE Wayne, PA 19087
6,060 SqFt
Key Details
Sold Price $2,300,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,060 sqft
Price per Sqft $379
MLS Listing ID PADE2045318
Sold Date 03/29/24
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $14,600
Tax Year 2023
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 45.00 x 187.00
Property Description
Rare opportunity to own a Main Line commercial investment property in heart of dynamic Wayne Business district. The property is 1/2 block from R5 and Amtrak Train station. This single tax parcel currently has two separate tenants. Total building footprint is 6060sf and property has paved private off-street parking in the rear. Paved parking lot is part of the property. Municipal lot is across the street. The subject property lies within the Wayne Business Overlay District (WBOD) which permits residential above the commercial first floor spaces. Zoning permits three stories with maximum height of 42 ft. Please refer to Radnor Township code regarding WBOD details and restrictions. Leases are NNN with all building expenses with exception of roof maintenance and exterior building are Tenants' responsibilities. Portion of Pro rata share of CAM is collected on monthly basis and reconciled on semi-annual basis. Roofs were completely replaced in August 2018 (120 N Wayne) and December 2020(118 N Wayne).
Property is for Sale or for Lease.
Location
State PA
County Delaware
Area Radnor Twp (10436)
Zoning WBOD
Interior
Hot Water Natural Gas
Heating Central
Cooling Roof Mounted
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Utilities Available Natural Gas Available, Sewer Available, Water Available
Waterfront N
Water Access N
Roof Type Flat,Rubber
Accessibility 2+ Access Exits
Parking Type On Street, Parking Lot, Driveway
Total Parking Spaces 5
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Radnor M
High Schools Radnor H
School District Radnor Township
Others
Tax ID 36-01-00621-00
Ownership Fee Simple
SqFt Source Estimated
Security Features Security System
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Jason Huff • Compass RE