840 E LANCASTER AVE $16,500,000

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    840 E LANCASTER AVE DEVON, PA 19333

    • 32,958 sq.ft.
    • 1.71 Acres
    • Commercial
    MLS# PACT488208 | Active
    Days On Market: 41 77 Views
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    Property Details

    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.

    • General Features
      • County CHESTER
      • HOA Y/N N
      • New Construction Y/N N
      • Sale Type Standard
      • Tax Annual Amount 60968.0
      • Tax Year 2019
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1999
      • Zoning C1
    • Building Features
      • Building Total SqFt 32958.00
      • Building Units Total 0
      • Business Type Medical
      • Cooling Fuel Natural Gas
      • Cooling Type Central A/C
      • Garage Y/N N
      • Heating Fuel Natural Gas
      • Heating Type Heat Pump(s)
      • Roof Flat
      • Sewer Septic Public Sewer
    • Property Features
      • Lot Size Acres 1.71
      • Lot Size Dimensions 0.00 x 0.00
    • Schools
      • School District TREDYFFRIN-EASTTOWN

    Contact

    Paul Myers

    Manager

    AB067189

    Coldwell Banker Heritage Quakertown

    Direct: 267-614-3705

    Neighborhood

    19333 (DEVON) Demographics

    42Median Age
    1,863Population Density (per sq. mile)
    76%College Educated
    $105,689 Estimated Median Income
    1,818Estimated Total Home Owners
    1,057Estimated Total Renters
    63% / 37%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    6,431Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $470,000 Median Sales Price
    11 Homes Sold
    15 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $16,500,000
        9/4/2019 1:22:00 PM New in Database Source

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