1604-1616 E Lancaster Ave
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1604-1616 E Lancaster Ave
23,545 SF 100% Leased Retail Building Paoli, PA 19301 $6,400,000 ($272/SF) 7.70% Cap Rate
Investment Highlights
- Fully Occupied Retail Center: 23,545 square feet of retail space in Paoli, Pennsylvania, offering immediate cash flow.
- Synergistic Tenant Mix: Features a complementary group of tenants supporting Van Cleve, the well-established anchor tenant.
- Excellent Visibility and Traffic: Conveniently located on Route 30/Lancaster Avenue (23,457 VPD), benefiting from strong traffic counts and high visib
- Income-Producing Investment: Long-term leases with a strong history of tenant occupancy along with a leaseback from ownership ensuring stable returns
- Prime Location: Situated in Philadelphia's Main Line, the regions most affluent and prestigious market.
- Affluent Surrounding Area: Located in Chester County, the wealthiest county in Pennsylvania, with an average household income exceeding $220,000 withi
Executive Summary
MSC is excited to present the opportunity to acquire 1604-1616 Lancaster Avenue, an
income-generating, fully occupied commercial property located in Paoli, Pennsylvania, located
on Lancaster Avenue in Philadelphia's Main Line, one of the most prestigious and affluent
submarkets in the region. This investment offers immediate and stable cash flow, anchored by
established tenants with long-term leases and built-in escalations.
The property is home to Van Cleve, a well-known bridal retailer that has operated at this
location for over 10 years, along with a complementary nail and hair salon, Something You
Beauty. Both tenants have lease terms through 2029, providing investors with secure, long-
term rental income. Additionally, the building's current owner will execute a sale-leaseback
at the close of escrow, signing a three-year lease, further ensuring full occupancy and steady
revenue for the purchaser.
The property is situated in a densely populated area of Lower Merion Township, where average
household incomes exceed $222,000 within a three-mile radius. This premier location benefits
from high visibility along Lancaster Avenue, proximity to some of the nation’s top schools, and
the scarcity of comparable commercial investment opportunities in this market.
With a solid tenant base, prime demographics, and a well-maintained brick structure, 1604-
1616 Lancaster Avenue represents a unique opportunity for investors seeking stable, long-term
cash flow in a robust, high-demand market. Its combination of location, tenant quality, and
market fundamentals makes this property an attractive investment.
income-generating, fully occupied commercial property located in Paoli, Pennsylvania, located
on Lancaster Avenue in Philadelphia's Main Line, one of the most prestigious and affluent
submarkets in the region. This investment offers immediate and stable cash flow, anchored by
established tenants with long-term leases and built-in escalations.
The property is home to Van Cleve, a well-known bridal retailer that has operated at this
location for over 10 years, along with a complementary nail and hair salon, Something You
Beauty. Both tenants have lease terms through 2029, providing investors with secure, long-
term rental income. Additionally, the building's current owner will execute a sale-leaseback
at the close of escrow, signing a three-year lease, further ensuring full occupancy and steady
revenue for the purchaser.
The property is situated in a densely populated area of Lower Merion Township, where average
household incomes exceed $222,000 within a three-mile radius. This premier location benefits
from high visibility along Lancaster Avenue, proximity to some of the nation’s top schools, and
the scarcity of comparable commercial investment opportunities in this market.
With a solid tenant base, prime demographics, and a well-maintained brick structure, 1604-
1616 Lancaster Avenue represents a unique opportunity for investors seeking stable, long-term
cash flow in a robust, high-demand market. Its combination of location, tenant quality, and
market fundamentals makes this property an attractive investment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,545 SF
Building Class
B
Year Built
1966
Price
$6,400,000
Price Per SF
$272
Cap Rate
7.70%
NOI
$492,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.28
Land Acres
1.96 AC
Zoning
C1 - Commercial
Parking
40 Spaces (1.1 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $464,930 | |
| Land Assessment | $404,220 | Total Assessment | $869,150 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$404,220
Improvements Assessment
$464,930
Total Assessment
$869,150
-
Jesse Dubrow -
MSC
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1604-1616 E Lancaster Ave
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