840 East Lancaster, Devon, Chester County, PA 19333

For Sale

Listed by Tejas Gosai with CENTURY 21 Keim
$16,500,000 USD
  • 10 Baths
  • 32,958 Sqft
  • 1.837 ac Lot Size
  • Multi-family
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Property Summary for 840 East Lancaster

Property Type
Multi-family
Lot Size
1.837 Ac
MLS Number
622190
Year Built
1999
Date Added
3 September 2019
stories
2
Parking info
130, Garage
Zip
19333
School District
Tredyffrin-Easttown School District

Description for 840 East Lancaster

$1.3MM GROSS, $1.04MM NET, 6% CAP. 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. See attached media.
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Features for 840 East Lancaster

Heating
  • Fireplace
  • Natural Gas
Exterior Finish
  • Brick
Cooling
  • Central A/C
Interior Features
  • Fireplace
Listing provided by Greater Lehigh Valley REALTORS® on 09/10/2019
Copyright © 2019 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Tejas Gosai

CENTURY 21 Keim

Demographics in 19333top

Population

Total population 6,476
Male population 3,171
Female population 3,305
Median age 41.00

Households

Total households 2,802
Average people per household 2.29

Housing

Total housing units 3,185
Owner occupied 1,761
Renter occupied 1,041
Median year built 1967

Income

Median household income 111,892
Average household income 156,189

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Disclaimer


Demographic data shown in this section was gathered from the 2017 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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