841 Lancaster AveBryn Mawr, PA 19010

For Sale
$865,000

Prime Storefront, Multi-Unit Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Bryn Mawr investment property presents a rare opportunity to acquire a fee-simple, multi-unit retail building at 841 1/2 W. Lancaster Avenue, in Montgomery County, Pennsylvania. The property, built in 1960 and renovated in 1996, boasts a total of 5,200 square feet across two stories, situated within the BMV-4 permitted zoning district. The ground floor comprises approximately 1,820 square feet of prime retail storefront space, currently vacant, offering significant potential for a variety of businesses. A substantial basement provides ample storage. The second floor features a three-bedroom, one-bathroom apartment, currently licensed as a student apartment within Lower Merion Township, generating consistent rental income. This dual-income stream presents a compelling investment proposition. The building consists of one structure with two units, offering flexibility and potential for future development or expansion. On-site parking is conveniently located at the rear of the building. The asking price for this Class B property is $865,000. This is a turnkey opportunity to own a well-located, income-producing retail property in a thriving Pennsylvania community. The property's location on Lancaster Avenue ensures high visibility and accessibility. Don't miss this chance to secure a valuable asset in a desirable market.

Highlights

  • Fee-simple, multi-unit retail building in Bryn Mawr, PA (841 1/2 W. Lancaster Ave).
  • 5,200 SF building, two stories, built in 1960, renovated in 1996.
  • 1,820 SF vacant ground floor retail space; three-bedroom, one-bathroom apartment on the second floor (currently rented).
  • Ample basement storage; rear parking.
  • $865,000 asking price; Class B property in BMV-4 zoning.

Property Details for 841 Lancaster Ave

Property type
Other retail properties, Individual retail properties
Square Feet
5,200 SF
Class
B
Year Built/Renovated
1960/1996
Buildings
1
Stories
2
Units
2

Location Insight

City
Bryn Mawr
County
Montgomery
State
Pennsylvania
Latitude
40.0220877
Longitude
-75.3195717
841 Lancaster Ave, Bryn Mawr, Pennsylvania

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841 Lancaster Ave
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