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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.

Property Details for 137 WALLACE AVE

137 WALLACE AVE is a 1.10 acre lot for sale in Downingtown, PA 19335.

Exterior

Roof
Flat  /  Pitched

Heating & Cooling

Central Air
Yes
Cooling
Central A/C
Cooling Fuel
Electric
Heating
Forced Air
Heating Fuel
Natural Gas
Water Heater
Natural Gas

Services

Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Available Utilities
Cable TV Available  /  Electric Available  /  Natural Gas Available  /  Phone  /  Sewer Available  /  Water Available

Parking

Parking
Off Site  /  Parking Lot
Parking Features
Asphalt Driveway  /  Fenced
Parking Spaces Included
26 to 50 Car Garage

Building

Total SQFT
11379.00
Total Finished SQFT
11379
Above Grade Finished SQFT
11379
Net SQFT
11379.00
Property Sub Type
Townhouse
Architectural Style
Other
Accessibility Features
None
Other Structures
Above Grade

Construction

Year Built
1957
New Construction
No
Construction Materials
Aluminum Siding  /  Brick

Lot

Acres
1.10
Lot SQFT
47916.00
Zoning
C3
Land Use Code
M20

Land

Topography
Level

Waterbody

Waterfront
No
View of Water
No
Waterbody Tidal
No

Community

Subdivision
NONE AVAILABLE
County
CHESTER

Schools

School District
DOWNINGTOWN AREA

Address

Address
137 WALLACE AVE, DOWNINGTOWN, PA 19335
Street Address
137 WALLACE AVE
City
DOWNINGTOWN
Zip
19335
Latitude
40.01116000
Longitude
-75.70317000
Directions
From Lancaster Ave (Bus Rt 30), Rt 282 (Wallace Ave) or From Rt 30 Bypass, exit to Rt 282, L/Norwood, L/Wallace
State
PA

Pricing

Sale Type
Sale
Price
$799,000
Price Per SQFT
$70.22
Rent Includes
Insurance  /  Taxes

Status

MLS ID
1001928940
Status
Active
Published Date
June 25, 2018
Modified Date
April 14, 2019 at 8:54 PM

Taxes & Assessments

Tax Assessed Value
341180.0
Tax Lot
0009.0100
Tax Year
2018

Terms

Exclusions
All Tenant Belongings
Road Responsibility
State

Source

Agent
Sang-Mook Ha
Agent Phone Number
6103489339
Office
Hanco Real Estate LLC
Data Source
Bright MLS
Data Disclaimer
Copyright 2018 Bright MLS, All Rights Reserved. Information deemed reliable but not guaranteed. The property information is provided for personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be offered for sale because they are for instance, under contract, sold or are no longer being offered for sale. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS. Real estate listings held by brokerage firms other than Copper Hill Real Estate, LLC will include the name of the listing broker(s) when required by the MLS.