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145 W Lancaster AvenueDowningtown, PA 19335Price: $1,400,000

  • Price: $1,400,000
  • 105 Days on Market
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Federal 30-year interest rate: 7.28% last updated on Oct 1, 2026
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145 W Lancaster Avenue Downingtown PA 19335145 W Lancaster Avenue Downingtown PA 19335145 W Lancaster Avenue Downingtown PA 19335145 W Lancaster Avenue Downingtown PA 19335145 W Lancaster Avenue Downingtown PA 19335145 W Lancaster Avenue Downingtown PA 19335145 W Lancaster Avenue Downingtown PA 19335145 W Lancaster Avenue Downingtown PA 19335145 W Lancaster Avenue Downingtown PA 19335
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  • 0.23Acreage
  • 1900Year Built
  • 140Price Per Square Foot
  • 10Units
Mixed-use investment opportunity located along Lancaster Avenue, one of Downingtown's primary commercial corridors. The property consists of eight one-bedroom residential apartments positioned above two street-level retail storefronts, creating a diversified income stream from both residential and commercial tenants. The residential units benefit from strong rental demand driven by the area's employment base, walkability, and convenient access to the Downingtown Borough center, SEPTA Regional Rail, and Amtrak service. The retail storefronts enjoy visibility along Lancaster Avenue and provide additional income diversification within the asset. The property currently generates approximately $138,528 in annual gross rental income and includes a mix of market-rate and Housing Authority of Chester County (HACC) supported tenants, providing stable occupancy and consistent cash flow. This property is being offered individually or as part of a Portfolio, a larger collection of 10 multifamily and mixed-use investment properties located in close proximity. Full Offering Memorandums and Portfolio information, financials, and supplemental offering materials are available upon request.
Listed by Beau McGettigan of Real of Pennsylvania

Driving Directions

Railey Vacations
Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

More Info

Location Information

  • UsmAreaDowningtown - Downingtown Boro

Parking

  • Parking TypesOn Street, Parking Lot

Basic Information

  • Date Listed06/22/2026

Location

  • Address145 W Lancaster Avenue
  • Building Number145
  • CountyChester
  • DirectionsGPS
  • IncorporatedcitynameDowningtown Boro
  • StatePA
  • TownDowningtown
  • Zip19335

Utilities

  • CoolingOther
  • Cooling FuelElectric
  • Heat SystemHot Water
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterNatural Gas
  • Water SourcePublic

Basic Information

  • Broker NameReal of Pennsylvania
  • List Price$1,400,000
  • MLS Area MajorDowningtown Boro
  • MLS NumberPACT2128994
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot140
  • StatusACT
  • Units10

Building

  • Building Area SourceAssessor
  • Building Area Total9996
  • Construction MaterialsOther
  • Entry Level1
  • Stories3
  • Total Garage And Parking Spaces8
  • Year Built1900

Other

  • Cap Rate7
  • Gross Scheduled Income138528
  • Vacancy Allowance Rate5
  • View Count36

Tax Information

  • Assessment Year2026
  • City Town Tax$2,286
  • City Town Tax Payment FrequencyAnnually
  • County Tax$1,365
  • County Tax Payment FrequencyAnnually
  • School Tax$8,436
  • Tax Assessment Amount$264,370
  • Tax Lot317
  • Tax Year2025
  • Taxes$12,088
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.23
  • Business TypeApartment Building, Other
  • Lot Dimensions SourceAssessor
  • Lot Size Dimensions0.00 x 0.00
  • Lot Size SourceAssessor
  • Lot Size Square Feet10,042
  • New Construction YNN
  • Property SubTypeMixed Use
  • ZoningC-2

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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT 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.Data last updated October 4, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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