1604-1616 E Lancaster Ave - Freestanding FOR SALE


Paoli, PA 19301
$6,400,000 USD
215-568-2600
1604-1616 E Lancaster Ave, Paoli, PA for Sale
$6,400,000 USD
Freestanding - FOR SALE
1/5
null | 7.7% Cap Rate

1604-1616 E Lancaster Ave
Paoli, PA 19301


HIGHLIGHTS

  • Fully Occupied Retail Center: 23,545 square feet of retail space in Paoli, Pennsylvania, offering immediate cash flow.
  • Income-Producing Investment: Long-term leases with a strong history of tenant occupancy along with a leaseback from ownership ensuring stable returns
  • Synergistic Tenant Mix: Features a complementary group of tenants supporting Van Cleve, the well-established anchor tenant.
  • Prime Location: Situated in Philadelphia's Main Line, the regions most affluent and prestigious market.
  • Excellent Visibility and Traffic: Conveniently located on Route 30/Lancaster Avenue (23,457 VPD), benefiting from strong traffic counts and high visib
  • Affluent Surrounding Area: Located in Chester County, the wealthiest county in Pennsylvania, with an average household income exceeding $220,000 withi

OVERVIEW

MSC is excited to present the opportunity to acquire 1604-1616 Lancaster Avenue, an income-generating, fully occupied commercial property located in Paoli, Pennsylvania, located on Lancaster Avenue in Philadelphia's Main Line, one of the most prestigious and affluent submarkets in the region. This investment offers immediate and stable cash flow, anchored by established tenants with long-term leases and built-in escalations. The property is home to Van Cleve, a well-known bridal retailer that has operated at this location for over 10 years, along with a complementary nail and hair salon, Something You Beauty. Both tenants have lease terms through 2029, providing investors with secure, long- term rental income. Additionally, the building's current owner will execute a sale-leaseback at the close of escrow, signing a three-year lease, further ensuring full occupancy and steady revenue for the purchaser. The property is situated in a densely populated area of Lower Merion Township, where average household incomes exceed $222,000 within a three-mile radius. This premier location benefits from high visibility along Lancaster Avenue, proximity to some of the nation’s top schools, and the scarcity of comparable commercial investment opportunities in this market. With a solid tenant base, prime demographics, and a well-maintained brick structure, 1604- 1616 Lancaster Avenue represents a unique opportunity for investors seeking stable, long-term cash flow in a robust, high-demand market. Its combination of location, tenant quality, and market fundamentals makes this property an attractive investment.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

C1

APN/PARCEL ID

43-10J-0100.0000,43-10J-0100.0100

ASK ABOUT THIS PROPERTY

215-568-2600

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215-568-2600

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