145 W Lancaster AvenueDowningtown, PA 19335
CHESTER County
Description
Mixed-use investment opportunity located along Lancaster Avenue, one of Downingtown's primary commercial corridors. The property consists of eight one-bedroom residential apartments positioned above two street-level retail storefronts, creating a diversified income stream from both residential and commercial tenants. The residential units benefit from strong rental demand driven by the area's employment base, walkability, and convenient access to the Downingtown Borough center, SEPTA Regional Rail, and Amtrak service. The retail storefronts enjoy visibility along Lancaster Avenue and provide additional income diversification within the asset. The property currently generates approximately $138,528 in annual gross rental income and includes a mix of market-rate and Housing Authority of Chester County (HACC) supported tenants, providing stable occupancy and consistent cash flow. This property is being offered individually or as part of a Portfolio, a larger collection of 10 multifamily and mixed-use investment properties located in close proximity. Full Offering Memorandums and Portfolio information, financials, and supplemental offering materials are available upon request.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Mixed Use
- Year built
- 1900
- Stories
- 3
- Building area
- 9,996 Sq Ft
- Lot size
- 0.23 acres
- Lot dimensions
- 0.00 x 0.00
- Parking spaces
- 8
- Zoning
- C-2
- Days on market
- 99
- MLS® Listing#
- PACT2128994
Property Features
- Appliances
- Gas Water Heater
- Cooling
- Other · Electric
- Heating
- Natural Gas · Hot Water
- Parking
- On Street · Parking Lot
- Construction
- Other
- Sewer
- Public Sewer
- Water source
- Public
Schools
- District
- DOWNINGTOWN AREA
Financial Details
- Annual taxes
- $12,088Tax year 2025
- Assessed value
- $264,370
- Parcel number
- 11-07 -0317
Directions
GPS
Listing Courtesy: Real of Pennsylvania - 8554500442
