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Investment Highlights
- Great Owner/User multi-level property with ground-floor income potential + Elevator
- 2nd Floor office/showroom with 16' clear ceiling height
- Situated in the heart of Wayne's Central Business District next to the Wayne Hotel/ Rosalie
Executive Summary
Positioned in the heart of Wayne’s vibrant Central Business District, 163 East Lancaster Avenue presents a rare opportunity to own a distinctive second-floor loft-style office space. This ±4,376 SF multi-level property is ideally suited for an owner/user seeking a high-profile location with architectural character and modern functionality. The space features soaring 16-foot ceilings, an open floor plan, two ADA-compliant restrooms, and a perimeter layout that includes private offices and a conference room. A dedicated elevator provides direct access, enhancing accessibility and privacy.
Surrounded by a dynamic mix of upscale dining, boutique retail, and professional services—including the adjacent Wayne Hotel and Rosalie restaurant—this property benefits from strong foot traffic and visibility. The area is supported by robust demographics, with average household incomes exceeding $250,000 within a 1-mile radius and over 61,000 daytime employees within 3 miles. With 28,500 vehicles passing daily on Lancaster Avenue and proximity to the Wayne Train Station (7,773 daily riders), the location offers unmatched connectivity and exposure.
Surrounded by a dynamic mix of upscale dining, boutique retail, and professional services—including the adjacent Wayne Hotel and Rosalie restaurant—this property benefits from strong foot traffic and visibility. The area is supported by robust demographics, with average household incomes exceeding $250,000 within a 1-mile radius and over 61,000 daytime employees within 3 miles. With 28,500 vehicles passing daily on Lancaster Avenue and proximity to the Wayne Train Station (7,773 daily riders), the location offers unmatched connectivity and exposure.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$19,158
|
$2.13
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$19,158
|
$2.13
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $19,158 |
| Annual Per SF | $2.13 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $19,158 |
| Annual Per SF | $2.13 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
C
Year Built/Renovated
1950/2000
Percent Leased
51%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.09
Lot Size
0.19 AC
Zoning
WBOD - Wayne Business Overlay District
Frontage
62’ on Lancaster Ave
Space Availability
- Space
- Size
- Space Use
- Position
- Available
+/- 4,376 SF Second floor loft style space with elevator situated in the heart of Wayne's Central Business District next to the Wayne Hotel / Rosalie. 16' clear ciling height, two ADA Restrooms, open floor plan with perimeter office and conference room.
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 4,376 SF | Office | - | Now |
2nd Floor
| Size |
| 4,376 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 4,376 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
+/- 4,376 SF Second floor loft style space with elevator situated in the heart of Wayne's Central Business District next to the Wayne Hotel / Rosalie. 16' clear ciling height, two ADA Restrooms, open floor plan with perimeter office and conference room.
Walk Score®
Walker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $1,482,740 (2025) | |
| Land Assessment | $695,150 (2025) | Annual Taxes | $19,158 ($2.13/SF) |
| Improvements Assessment | $787,590 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$695,150 (2025)
Improvements Assessment
$787,590 (2025)
Total Assessment
$1,482,740 (2025)
Annual Taxes
$19,158 ($2.13/SF)
Tax Year
2024
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163-165 E Lancaster Ave
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