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123 E Lancaster Ave
Paoli, PA 19301
Retail Property For Sale
Executive Summary
123–125 E. Lancaster Avenue is a six-unit mixed-use building in the heart of Paoli's Lancaster Avenue corridor — steps from the SEPTA/Amtrak station on the Main Line. The property
includes two commercial spaces and four residential apartments across three stories plus a lower level. The anchor commercial tenant, iBeach Club, holds a lease through July 2031,
providing exceptional long-term income certainty. The lower-level commercial tenant has been in place since 2017. All four residential apartments are leased with staggered expirations
through early 2027. New roof 2021. Zoned Town Center District (TCD) — northwest corner with strong visibility, proximity to Paoli Hospital, SEPTA/Amtrak, and the surrounding retail
corridor. All financials verified with actual 2026 tax bills and 12 months of Homestead Property Management statements.
includes two commercial spaces and four residential apartments across three stories plus a lower level. The anchor commercial tenant, iBeach Club, holds a lease through July 2031,
providing exceptional long-term income certainty. The lower-level commercial tenant has been in place since 2017. All four residential apartments are leased with staggered expirations
through early 2027. New roof 2021. Zoned Town Center District (TCD) — northwest corner with strong visibility, proximity to Paoli Hospital, SEPTA/Amtrak, and the surrounding retail
corridor. All financials verified with actual 2026 tax bills and 12 months of Homestead Property Management statements.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,048 SF
Building Class
B
Year Built/Renovated
1900/2021
Price
$895,000
Price Per SF
$147.98
Cap Rate
7.30%
NOI
$65,335
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.93
Lot Size
0.15 AC
Zoning
TCD - Town Center District
Property Taxes
| Parcel Number | 43-09M-0114.0000 | Improvements Assessment | $182,390 |
| Land Assessment | $91,730 | Total Assessment | $274,120 |
Property Taxes
Parcel Number
43-09M-0114.0000
Land Assessment
$91,730
Improvements Assessment
$182,390
Total Assessment
$274,120
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