Photo Gallery 840 E LANCASTER AVEDevon, PA 19333 0 $16,500,000 CommercialStatus: 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 1999School District TREDYFFRIN-EASTTOWN County Chester CountyTaxes $60,968.00 Tax Year 2019Rental Price $0 Additional Features: Accessibility Features Mobility Improvements Air Conditioning YesBuilding Area Source Assessor Business Type Banquet Facility/LodgeMedicalProfessionalRestaurant/BarCooling Central A/C Cooling Fuel Natural GasFinancing CashConventional Heating Heat Pump(s)Heating Fuel Natural Gas New Construction NoPossession Settlement Rental Features NoRoof Flat Sewer Public SewerWater Access No Water Heater Natural GasWater Source Public Waterfront No Extra Features: Assessment Year 2019 Building Square Feet 32958.00Cap Rate 6.00 Gross Income 1260000.00List Type (Exclusive) Exclusive Right MLSSystem ID BRIGHTNet Operating Income 1039500.00 Price Per SQFT 500.64
