Chester County Homes for Sale, Downingtown Real Estate Listings, 137 Wallace Avenue, MLS #6788461 Luxury Homes, Condos, Estates for Sale

137 Wallace Avenue

Downingtown, PA 19335

Attention Investors! A cash cow investment property in Downingtown. A site for a Martial Art studio (Taekwondo school), an Art (drawing) lessons studio, an Auto body/repair shop and a Landscaping services shop. It brings in about $6,000 per month in rents currently - roughly $4,600 in net operating income after property taxes and owner's insurance policy. One or two rental units of 1,600 SF total is available for lease for roughly $1,000/mon. Including this, potential annual gross rental income is over $80,000.
Status
ACTIVE
Property Class
Commercial
Parking
26to50CarGar, LotPark, PavedPark, StonePark, Fenc
Subdivision
None Available
Area
Downingtown Borough
City
Downingtown
County
Chester County
Hot Water: Natural Gas, Ele
Land SqFt: 47,916
Area: Downingtown Borough
Location: Suburban
Lot Area Acreage: 1.100000
Net SqFt: 11379
Ownership: Fee Simple
Property Age: 59
Type: Commercial
Sale Includes: Land&Buildng
Topography: Level
Utilities: WaterAvail, SewerAvail, GasAvail, ElectrcAvail
Zoning Code: C3
Water: Public
Sewer: Public Sewer
Exterior: AlumExt, Brick
Tax Year
2016
Total Taxes
$12,997

Area Highlights

User reviews and recommendations of top nearby restaurants.

Lione's Pizza

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Distance: 0.02 Miles

Rating 41 reviews
Green Street Grill

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Distance: 0.13 Miles

Rating 73 reviews
Amani's BYOB

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Distance: 0.21 Miles

Rating 119 reviews
Chelsy's

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Distance: 0.21 Miles

Rating 5 reviews
El Tarascó

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Distance: 0.21 Miles

Rating 56 reviews
Coffee Cup Restaurant

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Distance: 0.21 Miles

Rating 47 reviews
Georgio's Restaurant & Bar

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Distance: 0.22 Miles

Rating 23 reviews
Milito's Restaurant

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Distance: 0.26 Miles

Rating 51 reviews
Coppertown Espresso Smoothie Inc

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Distance: 0.45 Miles

Rating 20 reviews
Pomodoro Pizza & Italian Restaurant

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Distance: 0.45 Miles

Rating 40 reviews

School Information

Great Schools

Understand the educational environment and opportunities around this area before moving in.


21st Century Cyber CS

Type: Charter

Level: 6-12


Regina Lumenis Academy

Type: Private

Level: K-11


East Ward El School

Type: Public

Level: K-5


Step By Step Childrens House

Type: Private

Level: N/a


Downingtown Stem Academy

Type: Public

Level: 9-10


St Joseph School

Type: Private

Level: PK-8


Downingtown High School West Campus

Type: Public

Level: 9-12


Downington Middle School

Type: Public

Level: 6-8


Bishop Shanahan High School

Type: Private

Level: 9-12

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Listing courtesy of Hanco Real Estate LLC.

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Data last updated: 01/23/2017.

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