Property Showcase

840 E LANCASTER AVEDevon, PA 19333 0

$16,500,000
Commercial
Status: Active
  • Sqft:32,000
  • Lot:1.71 acres
  • MLS#: PACT488208
40.035079956054688-75.344467163085938
Courtesy Of Century 21 Keim Realtors

Description:

Offering 2 "CLASS A" retail/office buildings totaling 32,000 SF on 1.8 acres located at a 4-way traffic light intersection with over 40K in daily vehicle count, featuring, 1000FT of Philadelphia Main Line frontage, 50 ground level parking spaces & an 80-car underground garage. Taking 10 yrs to complete & revered as a modern-day Taj Mahal, this project is estimated to cost over 25MM to construct & was forged by the owner purchasing 8 parcels to build unparalleled curb appeal. With the primary purpose of catering to the luxury demographic of Philadelphia~s elite, this asset was built by expert craftsmen from across the world using only the best materials. The 1st building (20KSF) features high-class restaurant & retail/office space with PA's 2nd largest 25,000 bottle wine cellar/dining room. Upstairs has a 2nd high-class restaurant with retail/office/banquet space. The 2nd building (10KSF) has high-end medical/retail/office space. 1.3M GROSS, 1.04M NET, 6% CAP. See attached media.

Main Features:

Listing Status Active Year Built 1999
School District TREDYFFRIN-EASTTOWN County Chester County
Taxes $60,968.00 Tax Year 2019
Rental Price $0

Additional Features:

Accessibility Features Mobility Improvements
Air Conditioning Yes
Building Area Source Assessor
Business Type Banquet Facility/Lodge
Medical
Professional
Restaurant/Bar
Cooling Central A/C
Cooling Fuel Natural Gas
Financing Cash
Conventional
Heating Heat Pump(s)
Heating Fuel Natural Gas
New Construction No
Possession Settlement
Rental Features No
Roof Flat
Sewer Public Sewer
Water Access No
Water Heater Natural Gas
Water Source Public
Waterfront No

Extra Features:

Assessment Year 2019 Building Square Feet 32958.00
Cap Rate 6.00 Gross Income 1260000.00
List Type (Exclusive) Exclusive Right MLSSystem ID BRIGHT
Net Operating Income 1039500.00 Price Per SQFT 500.64

Bright MLS Logo


Information deemed reliable but not guaranteed.
Copyright© 2019 Bright MLS. All Rights Reserved.
Last Updated On: 12/9/2019 12:02:26 AM

840 E LANCASTER AVE, Devon, PA 19333

Home Estimates

Home Sales near 840 E LANCASTER AVE Devon, PA 19333

Neighborhood info courtesy of Homes.com © 2019

Demographics

Demographics of Devon, PA

Neighborhood info courtesy of Homes.com © 2019

Schools

Schools near 840 E LANCASTER AVE Devon, PA 19333

Neighborhood info courtesy of Homes.com © 2019

Climate

Climate of Devon, PA

Neighborhood info courtesy of Homes.com © 2019

Houses of Worship

Houses of worship near 840 E LANCASTER AVE Devon, PA 19333

Neighborhood info courtesy of Homes.com © 2019

Bright MLS Logo


Information deemed reliable but not guaranteed.
Copyright© 2019 Bright MLS. All Rights Reserved.
Last Updated On: 12/9/2019 12:02:26 AM

recently seen homes

Similar Listings near 840 E LANCASTER AVE Devon, PA 19333

Berkshire Hathaway Home Services Fox & Roach Realtors

Jacquie Testa

Business:(610) 608-6886

request more info.

schedule a showing

What's My Mortgage?

Berkshire Hathaway Home Services Fox & Roach Realtors

Jacquie Testa

338 West Lancaster AvenueHaverfordPA19041
Business:(610) 608-6886
Fax:(215) 375-7165
License #:158326
www.jacquietesta.com is powered by Homes.com & Jacquie Testa, number one in real estate for Lower Merion, PA © Homes Media Solutions
All rights reserved. All information deemed reliable but not guaranteed