10 W Lancaster Ave - Storefront Retail/Residential FOR SALE


Ardmore, PA 19003
$2,200,000 USD
215-568-2600
10 W Lancaster Ave, Ardmore, PA for Sale
$2,200,000 USD
Storefront Retail/Residential - FOR SALE
1/2
null | Request Cap Rate

10 W Lancaster Ave
Ardmore, PA 19003


HIGHLIGHTS

  • 13,000 SF building located in Ardmore, PA at the epicenter of Philadelphia’s famed “Main Line”, a densely populated and highly affluent submarket just
  • Within three miles of the property, there are 127,597 residents with an average household income of $220,000
  • The building is located on Lancaster Avenue (15,375 AADT) offering 6,000 square feet of retail space and 3,000 square feet of turnkey office space
  • Situated in Lower Merion Township, one of the most affluent townships in the country, which hosts one of the top school districts in Pennsylvania
  • Adjacent to Suburban Square, one of the country's most prominent mixed-use projects boasting 500,000+ square feet of first class retail
  • A true transit oriented building neighboring to Amtrak and SEPTA's Ardmore Station providing unmatched traffic and access for local residents, employe

OVERVIEW

MSC is proud to exclusively present the opportunity to acquire 10 W Lancaster Avenue, a 13,000 square foot retail & office building located in the heart of downtown Ardmore, PA. The property offers an investor or operator the opportunity to acquire a two-story building with 6,000 square feet of vacant retail space and 3,000 square feet of vacant 2nd story turn-key office space. The property also has a 4,000 square foot basement that is currently used as storage, which has the possibility to be fit out and used by an additional tenant. The property is positioned along Philadelphia’s famed “Main Line”, a densely populated and highly affluent submarket that boasts some of the wealthiest communities in the country. Within three miles of the property, there are 127,597 residents with an average household income of $220,000. In addition to its density and affluence, Lower Merion Township boasts some of the best schools in the country, all of which drive lasting demand and growth in this submarket. The prime demographics, quality construction brick building, scarcity of commercial opportunities and prime positioning along Lancaster Avenue make this an incredible opportunity for either an investor or an operator.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,751 SF

ZONING

ASDD1

APN/PARCEL ID

40-00-30064-019

ASK ABOUT THIS PROPERTY

215-568-2600

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215-568-2600

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