137 Wallace Avenue

    Downingtown, PA 19335
    • $799,000
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: 7206044
    UPDATED: 37 min ago
    $799,000
    • 0
      BEDS
    • 1.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,379
      SQFT
    • $70
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1957
    County:

    School Ratings & Info

    School District:
    Listing courtesy of Hanco Real Estate Llc.

    Description

    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.

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    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Remax Preferred | Scott Kompa Group participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-17T21:56:44.683.
    www.scottkompa.com/homes/84977531

    137 Wallace Avenue Downingtown, PA 19335

    • Price: $799,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: 7206044
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.1
    Acres
    11,379
    SQFT
    $70
    $/SQFT
    1957
    Built
    Neighborhood:
    None
    County:
    Chester
    Area:
    Downingtown Boro (10311)
    School District:
    Downingtown
    Property Description
    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.
    Exterior Features

    Exterior AlumextBrick Exterior Amenities HwyexposureSignext Location Suburban Lot Dimensions 0 X 0 Parking 26 to 50 Car GarageOnsitegarOff SiteLot Parking Roads State Roof Flat RoofPitched Roof Topography Level Water Front No

    Interior Features

    Bathrooms Three+ Bathrooms Handicap None Hot Water Natural Gas Interior Square Feet Source Assessor

    Property Features

    Annual Gross Expense 17000.0 Annual Gross Income 72000.0 Building Or Business CommercialIndustrialR&D Flex SpaceAutomotiveWarehouseOther Current Financing Conventional Electric Service 400+Ampselec Land Only No Land Use Code M20 Lease Type Net Leased Units 3 Lot Number 0009.0100 Property Option Sale Sewer Septic Public Sewer Tax Year 2018 Tenancy 1 Yr Or Less Total Assessment 341180.0 Total Taxes 13375.0 Utilities Water AvailableSewer AvailableGas AvailableElectric AvailablePhone UtilitiesCable TV Available Water Public Zoning Code C3



    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Remax Preferred | Scott Kompa Group participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-17T21:56:44.683.
     
    Remax Preferred | Scott Kompa Group
    408 Swedesboro Rd
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    Listing courtesy of Hanco Real Estate Llc.