353 Lancaster Avenue Malvern, PA $ 980,000
353 Lancaster Avenue
$ 980,000
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353 Lancaster Avenue

Malvern, PA, 19355
$ 980,000
Baths0.0 Sq 2,894

Monthly Estimate*

$ 5,869

353 Lancaster Avenue, Malvern, PA 19355 - Image 1
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Studio

Commercial Property for sale in Malvern, PA

for $980,000. This 2,894 square foot building was built in 1953 on a lot size of 0.26.

Investment Opportunity. Multi Unit building in the heart of East Whiteland, with a prime location and high visibility on Lancaster Ave. near the intersection of Rte 352. Minutes from 202 and major routes and easy access to public transportation. Property includes 2 residential apartments and 3 commercial spaces, and would be perfect for a user/owner to grow their business, while also receiving rental income. Includes designated basement storage and multiple entrance/exits, including rear garage space. Parking lot for 12-14 vehicles. Current leases for two of the commercial spaces through March 2026. Leases for the two residential spaces expire in 2024.

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Commercial Active

Price

$ 980,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,268

Style

Day Care Facility,Hair Salon and Spa,Medical,Profe

Lot Size

0.26

Year Built

1953

Town/City

Malvern

County/Region

Chester

MLS | Web ID

PACT2060538

Features
Interior
Heating Fuel Natural Gas
Flooring Hardwood Carpet Ceramic Tile
Hot Water Natural Gas
Total Stories 2
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 5
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General
Sewer Public Sewer
Heating Hot Water
Cooling Central A/C Wall Unit
Utilities Cable TV Multiple Phone Lines Natural Gas Available
Possession Immediate
Roof Rubber
Zoning C60
Security Features Exterior Cameras Motion Detectors Monitored Smoke Detector Carbon Monoxide Detector(s)
Construction Materials Block Brick Stucco
Year Built 1953
Electric 120/240V
View Street
Property SubType Mixed Use
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality EAST WHITELAND TWP
Gross Income 78600.00
Business Type Day Care Facility Hair Salon and Spa Medical Professional Religious Facility School Vet/Kennel Other
Accessibility None
County CHESTER
New Construction N
Property Type Commercial Sale
Facing Direction South
Possible Use Apartments Day Care Dry Cleaner Food & Beverage Laundromat Mixed Use Multi-Family Professional Service Residential Senior Assisted/Day Care Spa Other
Water Access Y/N N
Status ACTIVE
Directions From 352 East on Lancaster Ave Pass Church Road Building is on the left after Beechwood Ave.
City MALVERN
Disclosures None
Zoning Description Available for commercial or mixed used (commercial and residential)
NumberOfUnitsTotal 5
MLS Area East Whiteland Twp (10342)
Lot Size Units Square Feet
Lot Size Square Feet 11266.00
Waterfront Y/N N
Tax Annual Amount 5268.0
Price Per Sq Ft Total AG 298.78
Acceptable Financing Cash Conventional VA
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour http://tour.circlepix.com/home2/NEZ2KQ/353-Lancaster-Avenue-Malvern-PA-PACT485372
Days on Market 201
Location Type Free Standing
Standard Status Active
Year Built Source Assessor
Cap Rate 4.90
Association Recreation Fee N
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Exterior
Parking Features Paved Parking
Water Source Public
Type of Parking Parking Lot
Foundation Details Block
Water View Y/N N
Building Area Total 3280.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.26
Lot Size Source Assessor
Land Assessed Value 106330.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 353
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* Excluded Features
List By
Re/Max Preferred - Malvern

Broker

aroit-home@comcast.net

Email

Affordability Calculator

$6,308
Per Month
93%
7%
0%
Monthly Principal & Interest
$5,869
Monthly Property Taxes
$439
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/20/2024$980,000 Listed Price

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353 Lancaster Avenue, Malvern, PA, 19355 is a Commercial Property for sale at $980,000 with 2,894 sqft and a lot size of 0.26. 353 Lancaster Avenue is a studio with 0.0 baths and was built in 1953. The property's zip code is 19355 which is in Malvern, PA