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922 W Lancaster Ave 9,821 SF Retail Building Bryn Mawr, PA 19010 $2,999,595 ($305.43/SF) 6% Cap Rate
Investment Highlights
- Heavy foot traffic
- NOI- $178,386.12
- Long term tenants
Executive Summary
* Rare Main Line investment offering with a 60+ year tenant: Fine Wine & Good Spirits-Pennsylvania Liquor Store
* Mixed-use income stream: retail liquor store, one 1-bedroom apartment, and one 2-bedroom apartment
* Liquor store lease runs through 2028, with tenant expressing interest in renewing and rebranding to a premium store concept
* On-site coin-operated laundry room adds supplemental income
* Rear parking lot with 17 spaces — a major value-add in this high-demand corridor
* Net Operating Income (NOI): $178,386.12. Cap Rate: 6%
Asking Price: $2,999,595.00
* Mixed-use income stream: retail liquor store, one 1-bedroom apartment, and one 2-bedroom apartment
* Liquor store lease runs through 2028, with tenant expressing interest in renewing and rebranding to a premium store concept
* On-site coin-operated laundry room adds supplemental income
* Rear parking lot with 17 spaces — a major value-add in this high-demand corridor
* Net Operating Income (NOI): $178,386.12. Cap Rate: 6%
Asking Price: $2,999,595.00
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,821 SF
Building Class
C
Year Built
1950
Price
$2,999,595
Price Per SF
$305.43
Cap Rate
6%
NOI
$179,976
Tenancy
Single
Building Height
3 Stories
Building FAR
0.97
Lot Size
0.23 AC
Zoning
BMV4
Frontage
166’ on LANCASTER AVE
Amenities
- Corner Lot
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Awning
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Number | 40-00-29696-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $655,950 |
Property Taxes
Parcel Number
40-00-29696-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$655,950
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922 W Lancaster Ave