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623 W Lancaster Ave 3,100 SF 100% Leased Retail Building Wayne, PA 19087 $1,000,000 ($322.58/SF)
Investment Highlights
- Located along Lancaster Avenue (US Route 30), a major commercial corridor in Wayne, providing strong visibility and accessibility.
- Surrounded by a mix of retail, dining, and service businesses, creating a high-traffic environment that supports commercial activity.
- Within walking distance to public transit options, enhancing accessibility for employees and customers.
- Proximity to major transportation routes, including quick access to I-476 (Blue Route) and US-202, facilitating regional connectivity.
- Close to Radnor Township schools and residential neighborhoods, contributing to consistent local demand and foot traffic.
Executive Summary
– PRIME Multi-unit at Signalized corner in Wayne– Great for owner user for the 2nd floor or lease up as an investment.– Puff Gallery Occupies first floor of +/- 1,550 sf. ADA bathroom, melt-away tiles with sprinkler system in place. Newer HVAC and Heater.– 2nd floor features a 5 office unit in the front leased to a wellness operator and a 1 bed apartment in the rear of the floor. Off-street parking as well.– Below market rates and much room for upside.– Please call for I&E.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,100 SF
Building Class
C
Year Built
1950
Price
$1,000,000
Price Per SF
$322.58
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.06 AC
Zoning
C-1 - Commercial
Frontage
57’ on Lancaster Ave
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-01-00270-00 | Improvements Assessment | $235,420 |
| Land Assessment | $209,940 | Total Assessment | $445,360 |
Property Taxes
Parcel Number
36-01-00270-00
Land Assessment
$209,940
Improvements Assessment
$235,420
Total Assessment
$445,360
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623 W Lancaster Ave
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