200 W Lancaster Ave - Apartments FOR SALE


Shillington, PA 19607
$1,250,000 USD
215-783-6721
200 W Lancaster Ave, Shillington, PA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/29
null | 25% Cap Rate

200 W Lancaster Ave
Shillington, PA 19607


HIGHLIGHTS

  • Great up and coming area

OVERVIEW

This commercial property in the heart of downtown Shillington offers a prime investment opportunity with a level 0.3-acre lot. Built in 1910, the structure features a mix of durable materials including brick, concrete, and stucco, ensuring longevity and low maintenance. The property is in below-average condition, presenting a chance for value-add renovations that can significantly increase rental income or resale value. Strategically located less than 10 miles from the airport and within a mile of public transportation, it boasts excellent accessibility, enhancing its appeal to potential tenants. Parking options include private garages and surface lots, catering to various business needs. Investors can capitalize on the growing demand for commercial spaces in urban settings, with the potential for strong returns through strategic improvements and leasing. This property is a solid addition to any investment portfolio, offering both immediate and long-term financial benefits. CLEAN Phase I enviromental assessment report

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

15

PRICE/UNIT

$83,333

CAP RATE

25%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R2

APN/PARCEL ID

77-4395-07-58-7599

ASK ABOUT THIS PROPERTY

Robert SavoryDestination RealtyMore Info
215-783-6721

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Robert SavoryDestination RealtyMore Info
215-783-6721

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.