840 E Lancaster Ave
For sale
$16,500,000
Estimated Monthly Payment: $80,323/mo
840 E Lancaster Ave, Devon, PA 19333
MLS# PACT488208
Commercial Sale
Listing Status: ACTIVE
94
511
0
REMARKS:
Offering 2 "CLASS A" retail/office buildings totaling 32,000 SF on 1.8 acres located at a 4-way traffic light intersection with over 40K in daily vehicle count, featuring, 1000FT of Philadelphia Main Line frontage, 50 ground level parking spaces & an 80-car underground garage. Taking 10 yrs to complete & revered as a modern-day Taj Mahal, this project is estimated to cost over 25MM to construct & was forged by the owner purchasing 8 parcels to build unparalleled curb appeal. With the primary purpose of catering to the luxury demographic of Philadelphia~s elite, this asset was built by expert craftsmen from across the world using only the best materials. The 1st building (20KSF) features high-class restaurant & retail/office space with PA's 2nd largest 25,000 bottle wine cellar/dining room. Upstairs has a 2nd high-class restaurant with retail/office/banquet space. The 2nd building (10KSF) has high-end medical/retail/office space. 1.3M GROSS, 1.04M NET, 6% CAP. See attached media.
MAP:
OVERVIEW:
Commercial Sale
ACTIVE
BRIGHT
1999
1.71
74572
Flat
Heat Pump(s)
Natural Gas
Central A/C
Public
Public Sewer
FINANCIAL:
NEIGHBORHOOD & SCHOOL INFORMATION:
Courtesy of Century 21 Keim Realtors
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Philly South shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2019 BrightMLS. All rights reserved.