$2,050,000
$2,400,000
14.6%For more information regarding the value of a property, please contact us for a free consultation.
250 LANCASTER AVE Malvern, PA 19355
6,720 SqFt
Key Details
Sold Price $2,050,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 6,720 sqft
Price per Sqft $305
MLS Listing ID PACT2048122
Sold Date 02/26/24
Originating Board BRIGHT
Year Built 2003
Annual Tax Amount $17,648
Tax Year 2022
Lot Size 0.680 Acres
Acres 0.68
Property Description
Excellent opportunity to own a 20 year old Commercial Property in Malvern with a 6.5% Cap Rate. This property is approx. 6,720 square feet and sits on approx. .682 acres. Gross Lot area is .827 acres, but a portion is Leased from Norfolk Southern so the Net Land Area is .682 acres. Currently the building is leased by long-term single tenant, making this a great investment opportunity. Roof was replaced in 2022, and property has been diligently maintained since it was built in 2003. Property is situated along busy Rt.30 business just past Malin Road (if headed West on Rt.30). Current lease with Goddard School is a triple net lease with Landlord responsible for roof (replaced 2022), structural walls and foundation. For more information or to schedule a time to see the property you can reach us anytime at the office contact information listed.
Location
State PA
County Chester
Area East Whiteland Twp (10342)
Zoning FC
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Concrete, Carpet, Vinyl
Heat Source Natural Gas, Central
Exterior
Garage Spaces 29.0
Waterfront N
Water Access N
View Street
Roof Type Asphalt,Shingle
Accessibility 32\"+ wide Doors, Level Entry - Main
Parking Type Parking Lot
Total Parking Spaces 29
Garage N
Building
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District Great Valley
Others
Tax ID 42-04 -0313
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Maggie Hamson • Keller Williams Realty Devon-Wayne