CLOSED
118-120 N Ave
Wayne PA, 19087
$2,300,000
$379.54 per sqft
CLOSED
6,060 sqft
Commercial
Built in 1960
Rare opportunity to own a Main Line commercial investment property in heart of dynamic Wayne Business district. The property is 1/2 block from R5 and Amtrak Train station. This single tax parcel currently has two separate tenants. Total building footprint is 6060sf and property has paved private off-street parking in the rear. Paved parking lot is part of the property. Municipal lot is across the street. The subject property lies within the Wayne Business Overlay District (WBOD) which permits residential above the commercial first floor spaces. Zoning permits three stories with maximum height of 42 ft. Please refer to Radnor Township code regarding WBOD details and restrictions. Leases are NNN with all building expenses with exception of roof maintenance and exterior building are Tenants' responsibilities. Portion of Pro rata share of CAM is collected on monthly basis and reconciled on semi-annual basis. Roofs were completely replaced in August 2018 (120 N Wayne) and December 2020(118 N Wayne).
Property is for Sale or for Lease.
PADE2045318
MLSⓇ ID
May 9, 2024
Updated
Map
118-120 N Ave
Wayne PA, 19087
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central, Natural Gas
Exterior/Building Features
Lot Size
0.19 Acres
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Area Name
RADNOR TWP
Taxes
$14,600
Tax Frequency
Annually
Days on Market
47
Garage
No
Parking
On Street
Parking Total
5
View
No
County
DELAWARE
Water Source
Public
Pool
No
Zoning
Wayne Business District Overlay. Maximum building height forty-two (42) ft ; with retail first floor with residential above.
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
4/1/2024 | Sold | $2,300,000 |
1/22/2024 | Price Change | $2,495,000 8% |
1/22/2024 | Pending | — |
1/20/2024 | Price Change | $2,300,000 -8% |
1/20/2024 | Sold | $2,300,000 |
10/2/2023 | Pending | — |
Listed by John M Shea, with Greene Countrie Realty Inc
Listing Contact: 6109456996
The IDX display contains information sourced from the Bright MLS, Inc. as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 5/9/2024 at 4:46 AM UTC
