118-120 N WAYNE AVENUE
WAYNE , PA 19087
MLS#: PADE2045318
$2,495,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1960
Sq.Footage
N/A
Rare opportunity to own a Main Line commercial investment property in heart of dynamic Wayne Business district. The property is 1/2 block from R5 and Amtrak Train station. This single tax parcel currently has two separate tenants. Total building footprint is 6060sf and property has paved private off-street parking in the rear. Paved parking lot is part of the property. Municipal lot is across the street. The subject property lies within the Wayne Business Overlay District (WBOD) which permits residential above the commercial first floor spaces. Zoning permits three stories with maximum height of 42 ft. Please refer to Radnor Township code regarding WBOD details and restrictions. Leases are NNN with all building expenses with exception of roof maintenance and exterior building are Tenants' responsibilities. Portion of Pro rata share of CAM is collected on monthly basis and reconciled on semi-annual basis. Roofs were completely replaced in August 2018 (120 N Wayne) and December 2020(118 N Wayne). Property is for Sale or for Lease.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Heating YN
YES
-
Heating
Natural Gas, Central
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer, Block, Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.19
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$2,495,000
-
Tax Amount
14600.0
-
Zoning
Wayne Business District Overlay. Maximum building height forty-two (42) ft ; with retail first floor with residential above.
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
RADNOR M
-
High School
RADNOR H
Property Features
-
Foundation Details
Slab
-
Sewer
Public Sewer
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Location
County
DELAWARE
Elementary School
Middle School
RADNOR M
High School
RADNOR H
Listing Courtesy of John M Shea , Greene Countrie Realty Inc
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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