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Bought with zhibin xu • BY Real Estate
$ 640,000
$ 725,000 11.7%
5,500 SqFt
$ 640,000
$ 725,000 11.7%
5,500 SqFt
Key Details
Sold Price $640,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $116
Subdivision None Available
MLS Listing ID PACT2096772
Sold Date 07/18/25
Year Built 2009
Annual Tax Amount $10,245
Tax Year 2017
Property Sub-Type Office
Source BRIGHT
Property Description
Positioned on a highly visible stretch of Lancaster Avenue with 155 feet of frontage, this two-unit asset offers investors stable cash flow, minimal landlord responsibilities, and strong physical attributes including ADA accessibility, elevator service, full sprinkler coverage, and 20+ parking spaces. With only one other owner in the building (State Farm), this is a rare opportunity to acquire a majority interest in a modern, well-located office condominium property.
The surrounding area is experiencing notable growth, with The Yards at Malvern, a luxury apartment complex recently delivered across Lancaster Ave and Penn Crest, a mixed-use project with 60+ apartments and ground-floor retail, set to break ground nearby. The property also benefits from immediate proximity to major daily-needs retailers, including Wawa, and established commercial neighbors that further strengthen tenant retention.
Location
State PA
County Chester
Area East Whiteland Twp (10342)
Zoning FC
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Tile/Brick, Carpet
Heat Source Natural Gas, Electric
Exterior
Garage Spaces 20.0
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone
Water Access N
Roof Type Pitched,Asbestos Shingle
Accessibility Mobility Improvements, Elevator, Grab Bars Mod, Level Entry - Main, Ramp - Main Level, Roll-under Vanity, Wheelchair Mod, 48\"+ Halls
Road Frontage Boro/Township, State
Total Parking Spaces 20
Garage N
Building
Lot Description Corner, Landscaping, Road Frontage
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Great Valley
Others
Tax ID 42-03R-0006.0200 & 42-03R-0006.0300
Ownership Condominium
Special Listing Condition Standard
