45 W PENNSYLVANIA AVE, Downingtown, PA 19335
45 W PENNSYLVANIA AVE, Downingtown, PA 19335
45 W PENNSYLVANIA AVE, Downingtown, PA 19335
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Edward Cole

Edward Cole

+1(610) 416-6753
Listed by Kelly Fuller-Logan • LPT Realty, LLC
$1,500,000
Est. payment /mo
0.31 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision None Available

MLS Listing ID PACT2133192

HOA Y/N N

Annual Tax Amount $4,568

Tax Year 2022

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions This lot includes an additional lot making total property approximately over 1/2 an acre.

Property Sub-Type Land

Source BRIGHT

Property Description

Welcome to 45 West Pennsylvania Avenue. This property is conveniently located at the corner of Pennsylvania Avenue and Manor Avenue, also known as Horseshoe Pike in the heart of the Borough of Downingtown. This property is an investment property, a multi-family dwelling and a lot to build another multi-family dwelling on if desired. The buildable lots can be used as rental property or a property that could be rebuilt and sold. Close proximity to Kerr Park, Churches of every denomination, local shopping, entertainment & food businesses make this property both beautiful & functional. Any business would thrive with this central location. This R4 Zoned property opens it up to numerous business types which can be listed for any interested investor. To name just a few, Doctor Offices, Dental Offices, Small business offices, Social Clubs, Bed & Breakfasts, Entertainment venues, multiunit investment property, and the list goes on of opportunity. Some local variances may be required for some businesses, please check with the Borough for any restrictions or inquire & we can provide you assistance. This building has been kept immaculately, gorgeous hard wood floors, new kitchen appliances & fixtures, a roof recently installed 2021 with a lifetime warranty that transfers to the new owners. Many upgrades were made while maintaining the original beauty of this building. Please contact Kelly Fuller Logan, Realtor LPT Realty to secure your private showing of this property. All showings require prequalified buyers. This includes the adjacent lot bringing the total property to almost 3/4 of an acre. Possibly for parking lot or outdoor storage or sheds.

Location

State PA

County Chester

Area Downingtown Boro (10311)

Zoning R4

Interior

Inclusions All fixtures included unless otherwise negotiated by Seller 2nd buildable lot. Possibility to Create multi-family dwellings on both lots. Similar rental rates in area btwn 2000-3500 per month. Sales for townhomes btwn 400k - 800k. Potential for ROI with sale or income from rentals.

Equipment None

Exterior

Utilities Available None

Water Access N

Garage N

Building

Lot Description Corner, Cleared, Open, Other

Sewer Public Sewer

Water Public

Schools

High Schools Dhs West

School District Downingtown Area

Others

Tax ID 11-07 -0212

Ownership Fee Simple

Acceptable Financing Conventional, Cash, FHA, VA, Negotiable, Variable

Horse Property N

Listing Terms Conventional, Cash, FHA, VA, Negotiable, Variable

Financing Conventional,Cash,FHA,VA,Negotiable,Variable

Special Listing Condition Standard

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Bright MLS (BMLS)

Nearby School & Business

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Edward Cole

Edward Cole

+1(610) 416-6753

Broker Associate | License ID: PA: AB067617 | DE: RB0020595

Broker Associate License ID: PA: AB067617 | DE: RB0020595

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