840 E Lancaster Avenue

    DEVON, PA 19333
    • $16,500,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: PACT488208
    UPDATED: 64 min ago
    $16,500,000
    • 0
      BEDS
    • 1.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1999
    County:

    School Ratings & Info

    School District:

    Description

    Offering 2 "CLASS A" retail/office buildings totaling 32,000 SF on 1.8 acres located at a 4-way traffic light intersection with over 40K in daily vehicle count, featuring, 1000FT of Philadelphia Main Line frontage, 50 ground level parking spaces & an 80-car underground garage. Taking 10 yrs to complete & revered as a modern-day Taj Mahal, this project is estimated to cost over 25MM to construct & was forged by the owner purchasing 8 parcels to build unparalleled curb appeal. With the primary purpose of catering to the luxury demographic of Philadelphia~s elite, this asset was built by expert craftsmen from across the world using only the best materials. The 1st building (20KSF) features high-class restaurant & retail/office space with PA's 2nd largest 25,000 bottle wine cellar/dining room. Upstairs has a 2nd high-class restaurant with retail/office/banquet space. The 2nd building (10KSF) has high-end medical/retail/office space. 1.3M GROSS, 1.04M NET, 6% CAP. See attached media.

    Monthly Payment Calculator



    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-11-22T20:52:56.677.
    www.johnkrizateam.com/homes/98632127

    840 E Lancaster Avenue DEVON, PA 19333

    • Price: $16,500,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: PACT488208
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.71
    Acres
    1999
    Built
    Neighborhood:
    Tredyffrin Twp (10343)
    County:
    Chester
    Area:
    Tredyffrin Twp (10343)
    School District:
    Tredyffrin-Easttown
    Property Description
    Offering 2 "CLASS A" retail/office buildings totaling 32,000 SF on 1.8 acres located at a 4-way traffic light intersection with over 40K in daily vehicle count, featuring, 1000FT of Philadelphia Main Line frontage, 50 ground level parking spaces & an 80-car underground garage. Taking 10 yrs to complete & revered as a modern-day Taj Mahal, this project is estimated to cost over 25MM to construct & was forged by the owner purchasing 8 parcels to build unparalleled curb appeal. With the primary purpose of catering to the luxury demographic of Philadelphia~s elite, this asset was built by expert craftsmen from across the world using only the best materials. The 1st building (20KSF) features high-class restaurant & retail/office space with PA's 2nd largest 25,000 bottle wine cellar/dining room. Upstairs has a 2nd high-class restaurant with retail/office/banquet space. The 2nd building (10KSF) has high-end medical/retail/office space. 1.3M GROSS, 1.04M NET, 6% CAP. See attached media.
    Exterior Features

    Construction Materials BrickFrameMasonryMetal Siding Garage YN No Parking Types Parking LotOther Property Condition Average+ Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 32958.00 Cooling Central A/C Heating Heat Pump(S) Heating YN Yes Net Square Feet 32000.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features Mobility Improvements Assessment Year 2019 Association YN No Business Type Banquet Facility/LodgeMedicalProfessionalRestaurant/Bar Central Air YN Yes Cooling Fuel Natural Gas Gross Income 1260000.00 Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Tredyffrin Twp Navigable Water YN N Net Operating Income 1039500.00 New Construction YN No Number Of Units Total 0 Original MLSNumber 302015435322 Ownership Interest Fee Simple Possession Settlement Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 60968.0 Tax Assessment Amount 1987500.0 Tax Lot 0337 Vacation Rental YN No Water Source Public Zoning C1

    Listing courtesy of Century 21 Keim Realtors.


    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-11-22T20:52:56.677.
     
    John Kriza Real Estate Team | Beiler-Campbell Realtors
    402 Bayard Rd. Ste. 100
    Kennett Square PA, 19348