For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,680,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 6,714 sqft
Price per Sqft $250
Subdivision Parkview
MLS Listing ID PACT2081982
Sold Date 11/22/24
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $11,561
Tax Year 2024
Lot Size 5,928 Sqft
Acres 0.14
Lot Dimensions 0.00 x 0.00
Property Description
Excellent Income Earning BUILDINGS in charming town of Malvern - TWO Properties on the corner of King & Channing, & backing to public parking & a beautiful Park. The Properties are zoned Mixed Use & are fully Leased. 2 Buildings combined on ground floor & top floor, so must be sold together: Tax IDs: 02-04-0193 & 02-04-0192. Low taxes, low maintenance, & low expenses, all Leased - giving this High Value! Investing in Malvern is an excellent opportunity - as this Main Line town is close to it all, but still has small town charm- where you know your neighbors & are close to acres of Open Space in Radnor Hhunt Country too! Currently 3 Apartments & 2 commercial Tenants - all allowing significant cash generation for the properties. Prime King St. frontage has a Dress Shop that's in both buildings - the nice bumpout display windows showcase what they sell! . Excellent WALK-TO Everything Location, inc. Train, Library, Fancy Dining or at friendly Pubs, great Shopping, & Kimberton Whole Foods, Worralls, & Wawa! The 2 Buildings have 4 oversized on-site parking spots(EZ 8 if double up!) & backs to big public Parking Lot & Burke Park w/ Pavilion - the perfect place to meet for SAT. Farmers' Mkt, live music, Holidays & Tree Lighting, Parades - or just catching up w/ friends & walk to Train, shopping, fine dining, restaurants, or neighborhood pubs together! "Malvern Stroll" is a walk about town on the 3rd Thursday of every month - get ready for events like Halloween Parade & Christmas on KING - when they actually close down the main street for pedestrians, pop up shops, live Music, & sometimes even beer gardens. These 2 Buildings are being SOLD TOGETHER & have 2 entrances on King St. main floor lowest level - which opens to a large retail space using both buildings w/ handy full size display windows & PR. From 1st floor, there are interior stairs to west side second story, where there's more retail space, a full Bath & door to private parking out back . East side 2nd floor is a front to back private office, w/ Bath & door to Porch on Channing Ave. & another door to back parking lot. Two updated Apartments w/ private entrances on 3rd floor - both have 2 BDRMs, 1 full Bath, Laundry, & convenient KIT open to FR layouts, & one uses Porch on alley walk out to King St. The 3rd Apartment is the Penthouse w/ 2 BDRMs, 2 Full Bath, & KIT also open to FR, w/ big Laundry Rm. It's EZ to see why these are all OCCUPIED & making money for owner! If you are Ready to start making @$120,000 net, give Missy a call to schedule a showing - as all shows must be confirmed by all Tenants. Excellent income producing opportunitoies like this don't come around often - call with any questions & make an appointment to see ASAP! For apartment pictures - SEE MLS #s : PACT2023126, PACT2010146 & PACT2045262
Location
State PA
County Chester
Area Malvern Boro (10302)
Zoning MIXED RES/COMMERCIAL
Interior
Hot Water Natural Gas
Cooling Central A/C, Ductless/Mini-Split, Multi Units, Window Unit(s)
Flooring Hardwood, Laminated, Carpet
Heat Source Natural Gas, Electric
Exterior
Garage Spaces 4.0
Water Access N
View Park/Greenbelt, Street
Accessibility None
Total Parking Spaces 4
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Great Valley
Others
Tax ID 02-04 -0192
Ownership Fee Simple
SqFt Source Estimated
Security Features Fire Detection System
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with NON MEMBER • Non Subscribing Office
GET MORE INFORMATION
- Homes For Sale in Bala Cynwyd, PA
- Homes For Sale in Wynnewood, PA
- Homes For Sale in Merion Station, PA
- Homes For Sale in Ardmore, PA
- Homes For Sale in Narberth, PA
- Homes For Sale in Haverford, PA
- Homes For Sale in Gladwyne, PA
- Homes For Sale in Wayne, PA
- Homes For Sale in Villanova, PA
- Homes For Sale in Bryn Mawr, PA