137 WALLACE AVE $799,000

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    137 WALLACE AVE DOWNINGTOWN, PA 19335

    • 11,379 sq.ft.
    • 1.10 Acres
    • Commercial
    MLS# 1001928940 | Active

    $799,000

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    Days On Market: 364 26 Views
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    Property Details

    A cash cow investment property in Downingtown. 11,379 SF 1-story flex, industrial building on 1.1 acre lot with a large parking lot provides endless potential for use and occupancy. Current tenants include a Martial Art School, an Auto repair/body shop, and a Landscaping Services shop. It brings in more than $6,000 per month in rental income currently - over $4,500 in net operating income after property taxes and owner's insurance policy. One or two rental units of about 2,000 SF is available for leases for roughly $1,200/Mon. Including this, potential annual gross rental income is over $85,000.

    • General Features
      • Condo Coop Association Y/N N
      • County CHESTER
      • HOA Y/N N
      • New Construction Y/N N
      • Sale Type Standard
      • Tax Annual Amount 13375.0
      • Tax Year 2018
      • Utilities Water Available,Sewer Available,Natural Gas Available,Electric Available,Phone,Cable TV Available
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1957
      • Zoning C3
    • Building Features
      • Building Count 1
      • Building Total SqFt 11379.00
      • Business Type Industrial, Warehouse, Other
      • Cooling Fuel Electric
      • Cooling Type Central A/C
      • Electric Service 200+ Amp Service
      • Exterior Amenities Highway Exposure,Sign
      • Garage Y/N N
      • Heating Fuel Natural Gas
      • Heating Type Forced Air
      • Roof Flat, Pitched
      • Sewer Septic Public Sewer
      • Total Living Area 11379
    • Property Features
      • Lot Size Acres 1.1
      • Lot Size Dimensions 0 X 0
      • Parking Features Asphalt Driveway,Fenced
    • Schools
      • School District DOWNINGTOWN AREA

    Contact

    Jamie Wagner

    Sales Associate

    RS-218677-L

    RE/MAX ACTION ASSOCIATES

    Direct: 610-363-4077

    Neighborhood

    19335 (DOWNINGTOWN) Demographics

    40Median Age
    1,121Population Density (per sq. mile)
    62%College Educated
    $97,801 Estimated Median Income
    13,975Estimated Total Home Owners
    3,499Estimated Total Renters
    80% / 20%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    47,646Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    99 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $799,000
        6/25/2018 4:12:00 AM New in Database Source

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