10 W Lancaster Ave
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10 W Lancaster Ave
17,500 SF 21% Leased Retail Building Ardmore, PA 19003 £1,735,800 (£99/SF)
Investment Highlights
- 13,000 SF building located in Ardmore, PA at the epicenter of Philadelphia’s famed “Main Line”, a densely populated and highly affluent submarket just
- The building is located on Lancaster Avenue (15,375 AADT) offering 6,000 square feet of retail space and 3,000 square feet of turnkey office space
- Adjacent to Suburban Square, one of the country's most prominent mixed-use projects boasting 500,000+ square feet of first class retail
- Within three miles of the property, there are 127,597 residents with an average household income of $220,000
- Situated in Lower Merion Township, one of the most affluent townships in the country, which hosts one of the top school districts in Pennsylvania
- A true transit oriented building neighboring to Amtrak and SEPTA's Ardmore Station providing unmatched traffic and access for local residents, employe
Executive Summary
MSC is proud to exclusively present the opportunity to acquire 10 W Lancaster
Avenue, a 13,000 square foot retail & office building located in the heart of
downtown Ardmore, PA. The property offers an investor or operator the
opportunity to acquire a two-story building with 6,000 square feet of vacant
retail space and 3,000 square feet of vacant 2nd story turn-key office space.
The property also has a 4,000 square foot basement that is currently used
as storage, which has the possibility to be fit out and used by an additional
tenant. The property is positioned along Philadelphia’s famed “Main Line”,
a densely populated and highly affluent submarket that boasts some of the
wealthiest communities in the country. Within three miles of the property,
there are 127,597 residents with an average household income of $220,000. In
addition to its density and affluence, Lower Merion Township boasts some of
the best schools in the country, all of which drive lasting demand and growth in
this submarket. The prime demographics, quality construction brick building,
scarcity of commercial opportunities and prime positioning along Lancaster
Avenue make this an incredible opportunity for either an investor or an operator.
Avenue, a 13,000 square foot retail & office building located in the heart of
downtown Ardmore, PA. The property offers an investor or operator the
opportunity to acquire a two-story building with 6,000 square feet of vacant
retail space and 3,000 square feet of vacant 2nd story turn-key office space.
The property also has a 4,000 square foot basement that is currently used
as storage, which has the possibility to be fit out and used by an additional
tenant. The property is positioned along Philadelphia’s famed “Main Line”,
a densely populated and highly affluent submarket that boasts some of the
wealthiest communities in the country. Within three miles of the property,
there are 127,597 residents with an average household income of $220,000. In
addition to its density and affluence, Lower Merion Township boasts some of
the best schools in the country, all of which drive lasting demand and growth in
this submarket. The prime demographics, quality construction brick building,
scarcity of commercial opportunities and prime positioning along Lancaster
Avenue make this an incredible opportunity for either an investor or an operator.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
17,500 SF
Building Class
C
Year Built
1920
Price
£1,735,800
Price Per SF
£99
Percent Leased
21%
Number of Floors
2
Building FAR
2.00
Land Acres
0.20 AC
Zoning
ASDD1
Frontage
34 ft on West Lancaster Avenue
Amenities
- Air Conditioning
- Smoke Detector
Walk Score ®
Walker's Paradise (95)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 40-00-30064-019 | Improvements Assessment | £361,746 |
| Land Assessment | £179,901 | Total Assessment | £541,647 |
PROPERTY TAXES
Parcel Number
40-00-30064-019
Land Assessment
£179,901
Improvements Assessment
£361,746
Total Assessment
£541,647
-
Jesse Dubrow -
MSC
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