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$599,000 -$100,000 (-14.31%) Price Reduced

  • For Sale
  • Active
  • Warehouse
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Fully occupied Commercial property of over 11,000 sf on 1.1 acre lot in Downingtown. On site parking lot that can accomodate 50 plus cars. Tenants include Beer Brewery, auto service and landscaper. Their current monthly rents are $2,500, 2,000, and 1,020, respectably. The Brewery's monthly rent is scheduled to be increased from $2,500 to $4,000 beginning September 1, 2026. This property is a subject of environmental issues: Phase I, II and III investigations have been performed - PA DEP has disaproved Remedial Investigation Report and Clean up Plan, leaving the issues unresolved. To get the issus resolved, a further action is needed and an environmental company has proposed it at an estimated cost of $42,030. Property to be sold in as is condition, and thus, the new owner needs to take the final stage environmental action, assuming the cost.

Full Property Details for 137 Wallace Ave

General

  • Price: $599,000
  • Taxes: $15,600 (2025)
  • Status: Active
  • Type: Warehouse
  • Source: BrightMLSPhilly
  • MLS ID: PACT2129812
  • Updated: 9/21/2026
  • Added to Site: 83 day(s) ago

Business

  • Business Type: Auto Related, Manufacturing, Warehouse

Rooms

Bathrooms

  • Restrooms: 4

Parking

  • Total Spaces: 60
  • Parking Type: Driveway, Parking Lot

Location

  • Area: Downingtown Boro (10311)
  • Municipality: DOWNINGTOWN BORO
  • County: CHESTER
  • Driving Directions: Use GPS. From Business Rt 30, N on Rt 282 (Wallace Ave). From Highway 30, S on Rt 282

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Frame, Metal Siding
  • Drive-In Doors: 2
  • Building Size: 11379
  • Year Built: 1957
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 1.1
  • Lot Size (Sq. Ft.): 47,916
  • Lot Size Source: Assessor
  • Zoning: M20 IND: LIGHT IND

Financial Considerations

  • Price Per Sq. Ft.: $52.64
  • Assessment Year: 2026
  • School Tax: $10,887
  • City/TownTax: $2,951
  • City/TownTax Freq: Annually
  • County Tax: $1,761
  • County Tax Freq: Annually
  • Tax w/Assessment: $341,180
  • Tax Amount: $15,600
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: All tenant equipmets and belongings
  • Lot Number: 9.01

Listed by Hanco Real Estate LLC, Sang-Mook Ha

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Listing agent

— 137 Wallace Ave —

  • Sang-Mook Ha

    Hanco Real Estate LLC

Listing Office Email: hasangmook@gmail.com

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 137 Wallace Ave

School District:Downingtown Area School District
NameGradesDistance
East Ward El School
435 Washington Avenue, Downingtown, PA 19335
K-50.4 mi
Marsh Creek Sixth Grade Center
489 Dorlan Mill Road, Downingtown, PA 19335
6-3.1 mi
Downington Middle School
115 Rock Raymond Road, Downingtown, PA 19335
7-80.8 mi
Downingtown High School West Campus
445 Manor Avenue, Downingtown, PA 19335
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 137 Wallace Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/21/2026
Price Reduced
$599,000
-14.31%
MLS
7/02/2026
Listed
$699,000
27.09%
MLS
9/19/2006
Sold
$550,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 137 Wallace Ave

Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,560
-90%
$341,180
—
2025
$15,191
7%
$341,180
—
2024
$14,247
2%
$341,180
—
2023
$13,906
2%
$341,180
—
2022
$13,622
2%
$341,180
—
2020
$13,375
—
$341,180
—
2019
$13,375
—
$341,180
—
2018
$13,375
—
$341,180
—
2017
$13,375
3%
$341,180
—
2016
$12,997
-2%
$341,180
—
2015
$13,304
—
$341,180
—
2014
$13,304
—
$341,180
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Hanco Real Estate LLC, Sang-Mook Ha

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137 Wallace Avenue, Downingtown, PA 19335 (MLS# PACT2129812) is a Warehouse property. 137 Wallace Avenue is currently listed for $599,000 and was received on July 02, 2026. Want to learn more about 137 Wallace Avenue? Do you have questions about finding other Warehouse real estate for sale in Downingtown? You can browse all Downingtown real estate or contact a Coldwell Banker agent to request more information.

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