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137 WALLACE AVE
DOWNINGTOWN, PA 19335

$799,000 
  • -- Beds
  • -- Baths
  • 11,379 sqft
  • Commercial
  • Active
137 WALLACE AVE, DOWNINGTOWN - 45934932
137 WALLACE AVE, DOWNINGTOWN - 45934933
137 WALLACE AVE, DOWNINGTOWN - 45934934

Property Description for 137 WALLACE AVE, DOWNINGTOWN PA 19335

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 Class: Commercial
  • Listing Status: Active
  • City: DOWNINGTOWN
  • State: PA
  • Zip: 19335
  • Area: Downingtown Boro
  • Class: Commercial
  • Approx Lot Size: 1.100
  • Baths (F/H): -- / --
  • Living Area (SqFt): 11,379 sqft
  • Lot Sq Ft Apx: 47916.00
  • Year Built: 1957
  • Listing#: 7206044
  • School District: Downingtown
  • Tax Year: 2018
  • List Date: 6/25/2018
  • Last updated on: 8/14/2018

Property Features for 137 WALLACE AVE, DOWNINGTOWN PA 19335

  • Building Or Business: Commercial, Industrial, R D Flex Space, Automotive, Warehouse, Other
  • Sewer Septic: Public Sewer
  • Property Age: 61
  • Water: Public
  • Exterior: Alumext, Brick
  • Roof: Flatroof, Pitchedroof
  • Utilities: Wateravail, Seweravail, Gasavail, Electrcavail, Phoneutil, Cabletvavail
  • Exterior Amenities: Hwyexpos, Sign
  • Roads: State

Additional Information for 137 WALLACE AVE, DOWNINGTOWN PA 19335

  • School District: Downingtown
  • Building Floors: 1.00
  • Buildings: 1
  • Improv Assessed Amt: $153,530
  • Interior Square Feet Source: A
  • Land Only: False
  • Land Use Code: M20
  • Lot Dimensions: 0 X 0
  • Lot Number: 0009.0100
  • Ownership: Fee Simple
  • Property Option: Sale
  • Total Assessment: 341180.00
  • Water Front: False
  • Total Taxes: $13,375
  • Listing Area: Downingtown Boro
  • Subdivision: None Available
  • Annual Gross Expense: 17000.00
  • Annual Gross Income: 72000.00
  • Bathrooms: Three+Bath
  • Listing ID: 7206044
Courtesy of Hanco Real Estate LLC
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