Keith Harris - Coldwell Banker Hearthside
137 Wallace Ave
DOWNINGTOWN, PA 19335

Description

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.

Details

MLS#1001928940
StyleIndustrial
Sub-TypeResale
StatusActive
Year1957
Days On Site173

Features

SQ Feet11,379
Story(s)0
ZoningC3

Market Activity 19335

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Area Information

StatePA
CityDOWNINGTOWN
Zip Code19335
AreaDowningtown Boro (10311)
Listing VS Median (in 19335)
Price:
$799,000
low | high
Med:
$395,000
100% of Average
SqFt:
11,379
low | high
Med:
2,206
100% of Average
$ / SqFt:
$70
low | high
Med:
$179
100% of Average
On Site:
173
low | high
Med:
18
100% of Average
Listing Updated: 12/13/2018
MLS Number: 1001928940
Listing Provided By:
Sang-Mook Ha  of  Hanco Real Estate LLC

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