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400 Lapp Road, Malvern, PA 19355
$7,500,000
400 Lapp Road, Malvern, PA 19355View this property at 400 Lapp Road, Malvern, PA 19355
400 Lapp RoadMalvernPA19355
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Property Description
A very flexible opportunity for immediate occupancy, investment potential or sub-dividable lease buyout. This 28,000 +/- SF Class A Office Building is currently fully leased until April 2027 with an NOI of $603,186 (NNN Lease). Potential lease buyout for user buyer occupant along with sub-dividable potential with lease buyout option. Great location, approximately 1 Mile from PA 76 Turnpike. Easily accessible to Route 29, Route 202 & Route 30 . Within close proximity to major residential development.
Full Property Details
Full Property Details for 400 Lapp Rd
General
- Price: $7,500,000
- Taxes: $94,278 (2024)
- Status: Active
- Type: Business
- MLS ID: PACT2065458
- Updated: 5/30/2024
- Added to Site: 26 day(s) ago
Business
- Business Type: Professional, Medical
Parking
- Total Spaces: 102
- Parking Type: Parking Lot
Location
- Area: East Whiteland Twp (10342)
- Municipality: EAST WHITELAND TWP
- County: Chester
- Driving Directions: US-202 N/US-322 W/Wilmington Pike to East Whiteland Township. Exit PA-401 W. Alroy Rd to Lapp Rd
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Other
- Heating Type: Forced Air
- Heating Fuel: Central
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Steel Siding
- Stories/Levels: 0
- Year Built: 1999
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 3.6
- Lot Size (Sq. Ft.): 156,816
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: COMMERCIAL
Financial Considerations
- Price Per Sq. Ft.: $262.31
- Assessment Year: 2024
- School Tax: $77,841
- City/TownTax: $1,464
- City/TownTax Freq: Annually
- County Tax: $14,972
- County Tax Freq: Annually
- Tax w/Assessment: $3,290,000
- Tax Amount: $94,278
- Tax Year: 2024
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 24
Listed by BHHS Fox & Roach-Chadds Ford, Anthony T Nanni
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Schools
Schools serving 400 Lapp Rd
School District:Great Valley School District
Rating | Name | Grades | Distance |
---|---|---|---|
354 Swedesford Rd, Malvern, PA 19355 | K-5 | 1.3 mi | |
255 Phoenixville Pike, Malvern, PA 19355 | 6-8 | 1.2 mi | |
225 Phoenixville Pike, Malvern, PA 19355 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 400 Lapp Rd
Date
Details
Price
Change
Source
5/09/2024
Listed
$7,500,000
-3.85%
MLS
4/29/2019
Sold
$7,800,000
—
Public Record
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
Tax History for 400 Lapp Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$94,278
8%
$3,290,000
—
2023
$87,336
—
$3,290,000
—
2022
$87,336
36%
$3,290,000
34%
2020
$64,252
-1%
$2,460,910
—
2020
$64,879
1%
$2,460,910
—
2019
$64,252
2%
$2,460,910
—
2018
$63,034
—
$2,460,910
—
2017
$63,034
4%
$2,460,910
—
2016
$60,558
—
$2,460,910
—
2015
$60,558
2%
$2,460,910
—
2014
$59,549
—
$2,460,910
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 400 Lapp Rd
400 Lapp Road, Malvern, PA 19355 (MLS# PACT2065458) is a Business property. 400 Lapp Road is currently listed for $7,500,000 and was received on May 09, 2024. Want to learn more about 400 Lapp Road? Do you have questions about finding other Business real estate for sale in Malvern? You can browse all Malvern real estate or contact a Coldwell Banker agent to request more information.