137 Wallace Ave, Downingtown, PA 19335
- $699,000
- List Price
- $699,000
- Days on Market
- 52
- Status
- ACTIVE
- MLS#
- PACT2129812
- Lot Size (Acres)
- 1.1
- Year Built
- 1957
- County
- Chester
- School District
- Downingtown Area
Property 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.
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Additional Information
- Area
- Downingtown Boro (10311)
- Taxes
- $15600
- School District
- Downingtown Area
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Hanco Real Estate LLC. Contact: 6106872313