$599,000
( $52.64Per Sq Foot )
 $3,216 est/mo Sourced by Back At You

137 Wallace Ave,DOWNINGTOWN, PA 19335

DOWNINGTOWN, PA 19335

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Description

Fully occupied Commercial property of over 11,000 sf on 1.1 acre lot in Downingtown. On site parking lot that can accomodate 50 plus cars. Tenants include Beer Brewery, auto service and landscaper. Their current monthly rents are $2,500, 2,000, and 1,020, respectably. The Brewery's monthly rent is scheduled to be increased from $2,500 to $4,000 beginning September 1, 2026. This property is a subject of environmental issues: Phase I, II and III investigations have been performed - PA DEP has disaproved Remedial Investigation Report and Clean up Plan, leaving the issues unresolved. To get the issus resolved, a further action is needed and an environmental company has proposed it at an estimated cost of $42,030. Property to be sold in as is condition, and thus, the new owner needs to take the final stage environmental action, assuming the cost.

Details

MLS #PACT2129812
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1957
Days On Site134
Listing Provided ByHanco Real Estate LLC | Sang-Mook Ha

Features

ZoningM20 IND: LIGHT IND
Acreage1.10

Interior

CoolingCentral A/C
Heating Yes / NoYes
HeatingForced Air

Exterior

Construction MaterialsBrick, Frame, Metal Siding

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount15600

Area Information

StatePA
CountyCHESTER PA
CityDOWNINGTOWN
Zip Code19335
AreaDowningtown Boro (10311)
School DistrictDOWNINGTOWN AREA
Listing VS Median (in 19335)
Price:
$599,000
low | high
Med:
$500,000
66.52754590985% of Average
On site:
134
low | high
Med:
131.5
100% of Average
Sourced by Back At You

Market Activity 19335

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Contact

Learn More About This Property

Pat Foley

Pat Foley

Class Harlan Real Estate

RS139911A (215) 350-2721patfoleyrealtor@gmail.com
StatePA
CountyCHESTER PA
CityDOWNINGTOWN
Zip Code19335
AreaDowningtown Boro (10311)
School DistrictDOWNINGTOWN AREA
Listing VS Median (in 19335)
Price:
$599,000
low | high
Med:
$500,000
66.52754590985% of Average
On site:
134
low | high
Med:
131.5
100% of Average
Sourced by Back At You
Listing Updated: November 3, 2026 at 4:41:15 AM PST