Property Overview: 1029 Lancaster Ave, Berwyn, PA
1029 Lancaster Avenue is a three-story, mixed-use commercial and residential building located in the heart of Berwyn, PA. Situated directly on Route 30 (Lancaster Avenue), the property offers high visibility and convenient access to local transit and amenities.
Below is a detailed breakdown of the property characteristics:
Key Specifications
• Property Type: Mixed-Use (Retail/Residential)
• Building Size: Approx. 3,700 SF
• Lot Size: 0.22 Acres (9,956 SF)
• Year Built: 1920
• Zoning: C1 (Commercial)
• Parking: Private off-street parking lot (approx. 6 spaces)
Interior Configuration
The building is configured as a multi-unit investment property:
• Ground Floor (Commercial): Features a retail/commercial space suitable for various business types. It includes a highly visible storefront facing Lancaster Avenue.
• Upper Floors (Residential): Includes a spacious residential unit, typically described as a 4-bedroom apartment. This unit adds a residential income component to the asset.
• Outdoor Space: The property includes a rear deck and a large yard, which is unique for commercial properties on this corridor.
Location & Accessibility
• Corridor: Located on the "Main Line" commercial corridor with significant daily traffic counts.
• Transit: Walking distance to the Berwyn Train Station (SEPTA Paoli/Thorndale Line), making it attractive for commuters or tenants who rely on public transit.
• School District: Tredyffrin-Easttown School District.