137 WALLACE AVE, Downingtown, PA 19335
137 WALLACE AVE, Downingtown, PA 19335
137 WALLACE AVE, Downingtown, PA 19335
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Listed by Sang-Mook Ha • Hanco Real Estate LLC
$699,000
Est. payment /mo
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1.1 Acres Lot
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137 WALLACE AVE Downingtown, PA 19335

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Nathaniel Arnold

Nathaniel Arnold

+1(301) 485-5072

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID PACT2129812

Year Built 1957

Annual Tax Amount $15,600

Tax Year 2025

Lot Size 1.100 Acres

Acres 1.1

Lot Dimensions 0.00 x 0.00

Property Sub-Type Industrial

Source BRIGHT

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.

Location

State PA

County Chester

Area Downingtown Boro (10311)

Zoning M20 IND: LIGHT IND

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 60.0

Water Access N

Accessibility No Stairs

Total Parking Spaces 60

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Downingtown Area

Others

Tax ID 11-04 -0009.0100

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Nearby Locations

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Nathaniel Arnold

Nathaniel Arnold

SRES - Seniors Real Estate Specialist | License ID: 6109

+1(301) 485-5072

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137 WALLACE AVE