Skip to main content

Office

The Roberts Building

100 E Lancaster Ave, Downingtown, PA 19335

Listing Price: $3,750,000

Cap Rate
5.45%
Gross SF
37,963
Rentable SF
37,963
Price/Gross SF
$98.78
Year Built
1967

Investment Overview

Marcus & Millichap is pleased to present The Roberts Building, located at 100 E. Lancaster Avenue, Downingtown, PA 19335.

The Subject Property is 37,525 square foot, three-story mixed-use building located right on the main drag of downtown Downingtown. The property was originally built in 1967 and recently renovated in 2000 and is currently home to three tenants. Each of the tenants is on a Double Net lease, leaving the Landlord only responsible for roof & structure. This building is a phenomenal opportunity for any value-add investor looking for an asset in a highly sought after market. Given its hard-corner location in downtown Downingtown, the Subject Property includes 91 parking spaces which is very unique for this urban area.

The property is zoned C2-Commercial, which allows for myriad of different office and retail tenants. Downingtown is home to over 36,000 people within a 3-mile radius with an average household income of over $102,000. The building sits at the corner of E. Lancaster Avenue & Brandywine Avenue, which directly feeds into Route 30. This intersection sees over 30,508 VPD serving as one of the most prominent and desirable Downingtown locations.

Over the past several years, a local developer has acquired over 21 separate parcels in order to pursue their next Chester County development opportunity. With over 68 acres located on Route 322 (Brandywine Avenue), this developer plans to build over 442 residential units atop 14,200 square feet of retail space. With this unique development project underway, the Downingtown Train Station is being relocated to the site as well putting The Roberts Building in walking distance to the main transportation center in the area. This will significantly increase demand for space in the property and serve as one of the most convenient buildings in the submarket.

Investment Highlights

  • Subject Property Sees Over 35,508 VPD
  • Phenomenal Value-Add Opportunity
  • Excellent Visibility
  • Robust Demographics
  • Significant Upside in Leasing

Exclusively Listed By

Listing Price: $3,750,000

Cap Rate
5.45%
Gross SF
37,963
Rentable SF
37,963
Price/Gross SF
$98.78
Year Built
1967

Investment Highlights

  • Subject Property Sees Over 35,508 VPD
  • Phenomenal Value-Add Opportunity
  • Excellent Visibility
  • Robust Demographics
  • Significant Upside in Leasing

Investment Overview

Marcus & Millichap is pleased to present The Roberts Building, located at 100 E. Lancaster Avenue, Downingtown, PA 19335.

The Subject Property is 37,525 square foot, three-story mixed-use building located right on the main drag of downtown Downingtown. The property was originally built in 1967 and recently renovated in 2000 and is currently home to three tenants. Each of the tenants is on a Double Net lease, leaving the Landlord only responsible for roof & structure. This building is a phenomenal opportunity for any value-add investor looking for an asset in a highly sought after market. Given its hard-corner location in downtown Downingtown, the Subject Property includes 91 parking spaces which is very unique for this urban area.

The property is zoned C2-Commercial, which allows for myriad of different office and retail tenants. Downingtown is home to over 36,000 people within a 3-mile radius with an average household income of over $102,000. The building sits at the corner of E. Lancaster Avenue & Brandywine Avenue, which directly feeds into Route 30. This intersection sees over 30,508 VPD serving as one of the most prominent and desirable Downingtown locations.

Over the past several years, a local developer has acquired over 21 separate parcels in order to pursue their next Chester County development opportunity. With over 68 acres located on Route 322 (Brandywine Avenue), this developer plans to build over 442 residential units atop 14,200 square feet of retail space. With this unique development project underway, the Downingtown Train Station is being relocated to the site as well putting The Roberts Building in walking distance to the main transportation center in the area. This will significantly increase demand for space in the property and serve as one of the most convenient buildings in the submarket.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower