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$1,100,000

  • Sold
  • Closed
  • Business
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Fully functioning two-story turn-key restaurant for sale. Amazing Main Line location in the heart of the Ardmore Historic District. High visibility and easily walkable to Ardmore Septa station and Suburban Square. Main Level includes vestibule area, takeout pickup counter with seating, large dining room, and kitchen in rear. Upper Level boasts an additional dining area (front-facing with large windows), and flexible space in rear for private parties, prep, etc. Separate office area. Setup allows for large private parties while maintaining normal restaurant service. Lower Level/Basement includes a walk-in refrigerator, and ample space for prep and storing dry goods. Additional features include beautiful façade, front and rear staircases, rear exit.

Full Property Details for 47 E Lancaster Ave

General

  • Sold For: $1,100,000
  • Taxes: $9,185 (2022)
  • Status: Closed
  • Type: Business
  • Source: BrightMLSPhilly
  • MLS ID: PAMC2091420
  • Added to Site: 798 day(s) ago

Business

  • Business Type: Restaurant/Bar

Rooms

Bathrooms

  • Restrooms: 3

Parking

  • Total Spaces: 1
  • Parking Type: On Street, Parking Lot, Driveway

Location

  • Area: Lower Merion Twp (10640)
  • Municipality: LOWER MERION TWP
  • County: Montgomery
  • Driving Directions: Heading west on Lancaster Avenue, as you enter Ardmore Historic District, property is on right. Use GPS for best results.

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Stone
  • Stories/Levels: 0
  • Year Built: 1925
  • Year Built Source: Assessor
  • Property Condition: Good

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,870
  • Lot Size Source: Assessor
  • Lot Dimensions: 22.00 x 0.00
  • Zoning: COMMERCIAL

Financial Considerations

  • Price Per Sq. Ft.: $419.35
  • Assessment Year: 2023
  • School Tax: $7,220
  • City/TownTax: $933
  • City/TownTax Freq: Annually
  • County Tax: $944
  • County Tax Freq: Annually
  • Tax w/Assessment: $222,890
  • Tax Amount: $9,185
  • Tax Year: 2022

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: negotiable
  • Lot Number: 327

Listed by Legacy Landmark Realty LLC, Zhongling Lin
Sold by Philly Real Estate, Emily L Chan

Listing agent

— 47 E Lancaster Ave —

  • Zhongling Lin

    Legacy Landmark Realty LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 47 E Lancaster Ave

School District:Lower Merion School District
NameGradesDistance
Penn Valley School
301 Righters Mill Road, Narberth, PA 19072
K-41.7 mi
Welsh Valley Middle School
325 Tower Lane, Narberth, PA 19072
5-82.4 mi
Lower Merion High School
315 East Montgomery Avenue, Ardmore, PA 19003
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 47 E Lancaster Ave

Date
Details
Price
Change
Source
3/18/2024
Sold
$1,100,000
-15.38%
MLS
12/15/2023
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Legacy Landmark Realty LLC, Zhongling Lin
Sold by Philly Real Estate, Emily L Chan

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47 E Lancaster Avenue, Ardmore, PA 19003 (MLS# PAMC2091420) is a Business property that was sold at $1,100,000 on March 18, 2024. Want to learn more about 47 E Lancaster Avenue? Do you have questions about finding other Business real estate for sale in Ardmore? You can browse all Ardmore real estate or contact a Coldwell Banker agent to request more information.