1676 E Lancaster Ave | Paoli, PA 19301
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1676 E Lancaster Ave
Paoli, PA 19301
Nemours Children's Health · Retail Property For Sale
Investment Highlights
- Located in Chester County (#1 wealthiest county in PA) with average Household Incomes over $220,000 within 5 miles.
- Completely renovated in 2016 as Nemours’ flagship location, substantial renovations including: New roof (with a 20-year transferable warranty)
- Minutes from Main Line Paoli Hospital (partnership with Nemours) and larger employment centers including Vanguard U.S. Headquarters, Microsoft
- There are 17 schools and 9 preschools within a 10-minute drive time of the property. Children’s density exceeds 35,000 within a 15-minute drive time.
- Massive 2.0 acre parcel located on the prestigious Philadelphia Main Line, this facility offers excellent accessibility and visibility.
Executive Summary
CBRE is pleased to exclusively present for sale this Nemours Children’s Health building, a state-of-the-art facility located on Philadelphia’s Main Line. Serving as Nemours’ flagship location for newborn care and pediatric primary care, the property was redeveloped in 2016 with a full gut renovation and a 3,000-square-foot expansion, followed by additional improvements in 2022, supported by a $50 per square foot tenant allowance. Positioned less than 10 minutes from 17 schools and 9 preschools, the facility enjoys a prime location in a thriving economic hub. Chester County’s top employers, including Vanguard (10,200 employees), QVC Network, Siemens Healthcare, and Main Line Health, bolster the area’s economy. Furthermore, the region benefits from a robust life sciences and healthcare ecosystem, with numerous medical offices and research facilities contributing to its dynamic employment landscape.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,660 SF
Building Class
B
Year Built/Renovated
1958/2016
Price
$6,012,366
Price Per SF
$622
Cap Rate
6%
NOI
$360,742
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.00 AC
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 43-10J-0082.0000 | Improvements Assessment | $1,715,730 |
| Land Assessment | $485,600 | Total Assessment | $2,201,330 |
PROPERTY TAXES
Parcel Number
43-10J-0082.0000
Land Assessment
$485,600
Improvements Assessment
$1,715,730
Total Assessment
$2,201,330
Learn More About Investing in Retail Properties
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
