Property
Malvern, PA 19355 353 Lancaster Avenue
$1,125,000
Presented By: RE/MAX Preferred - Malvern
SQFT • 2,894
SQFT • 2,894Home Details
Investment Opportunity. Multi Unit building in the heart of East Whiteland, with a prime location and high visibility on Lancaster Ave. near the intersection of Rte 352. Minutes from 202 and major routes and easy access to public transportation. Property includes 2 residential apartments and 3 commercial spaces, and would be perfect for a user/owner to grow their business, while also receiving rental income. Includes designated basement storage and multiple entrance/exits, including rear garage space with garage door opening that will accommodate a mid size truck. Parking lot for 12-14 vehicles. Current leases for two of the commercial spaces through May 2026. Leases for the two residential spaces are month to month leases.
Presented By: RE/MAX Preferred - Malvern
Interior Features for 353 Lancaster Avenue
Bathrooms
Total Restrooms5
Other Interior Features
Central Air Y/NYes
FlooringHardwood, Carpet, Ceramic Tile
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Stories2
Other Rooms
Entry Level1
General for 353 Lancaster Avenue
Acceptable FinancingCash, Conventional, VA
AccessibilityNone
Association Recreation FeeN
Business TypeDay Care Facility, Hair Salon and Spa, Medical, Professional, Religious Facility, School, Vet/Kennel, Other
Cap Rate4.90
CityMALVERN
Construction MaterialsBlock, Brick, Stucco
Cool FuelElectric
CoolingCentral A/C, Wall Unit
CountyCHESTER
DirectionsFrom 352, East on Lancaster Ave, Pass Church Road, Building is on the left after Beechwood Ave.
DisclosuresNone
Electric120/240V
Facing DirectionSouth
Gross Income78600.00
HeatingHot Water
Historic Y/NNo
Lease Considered Y/NNo
Location TypeFree Standing
Lot Size Square Feet11266.00
Lot Size UnitsSquare Feet
MLS AreaEast Whiteland Twp (10342)
MunicipalityEAST WHITELAND TWP
New ConstructionNo
Number Of Units Total5
OwnershipFee Simple
PossessionImmediate
Possible UseApartments, Day Care, Dry Cleaner, Food & Beverage, Laundromat, Mixed Use, Multi-Family, Professional Service, Residential, Senior Assisted/Day Care, Spa, Other
Price Per Sq Ft Total AG342.99
Property SubtypeFive Or More Units
Property TypeCommercial Sale
RoofRubber
Security FeaturesExterior Cameras, Motion Detectors, Monitored, Smoke Detector, Carbon Monoxide Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount5751.0
Tax Assessed Value183870.0
Tax Year2025
TransportationCommuter Rail Station 1 to 5 miles, Bus Stop less than 1 mile, Commuter Lots less than 5 miles
UtilitiesCable TV, Multiple Phone Lines, Natural Gas Available
Vacation Rental Y/NNo
ViewStreet
Virtual TourClick here
Water Access Y/NNo
Year Built1953
Year Built SourceAssessor
ZoningC60
Exterior for 353 Lancaster Avenue
Building Area Total3280.00
Car Parking Spaces10
Fencing Y/NN
Foundation DetailsBlock
Lot Dimensions0.00 x 0.00
Lot Size Acres0.26
Lot Size SourceAssessor
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Total Loading Docks0
Total Parking Spaces11
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Monica Henriques
Real Estate Agent