Date
Details
Price
Change
Source
3/26/2026
Listed
$695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/10
$695,000
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1/10
Property Description
Exceptional Main Line Acquisition or Land Lease Opportunity: A rare premium offering featuring 1.10 acres of high-visibility commercial land with an existing structure, strategically positioned directly on Lancaster Avenue (Route 30) within one of Chester County's most affluent, high-traffic corridors. This versatile property commands maximum daily traffic counts and optimal brand exposure, making it an ideal location for a medical or professional office building, retail strip center, convenience store, or quick-service restaurant concept integrated with EV charging infrastructure. Institutional and private investors will appreciate the significant transaction flexibility, as the seller is open to both an outright purchase or a long-term land lease. The existing structure on-site is fully functional and recently vacated, providing immediate utility, holding income potential, or a clean slate for rapid redevelopment; interior photography and a comprehensive property dossier are available upon request.
Full Property Details
Full Property Details for 497 Lancaster Ave
General
- Price: $695,000
- Taxes: $4,656 (2025)
- Status: Active
- Type: Lots/Land
- Source: BrightMLSPhilly
- MLS ID: PACT2120928
- Updated: 5/14/2026
- Added to Site: 60 day(s) ago
Location
- Area: East Whiteland Twp (10342)
- Municipality: EAST WHITELAND TWP
- County: CHESTER
- Driving Directions: On Lancaster Ave between Frazer and Malvern.
- Location Details: Suburban
School Information
- School District: Great Valley
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Property View: Street
- Lot Size (Acres): 1.1
- Lot Size (Sq. Ft.): 47,916
- Lot Size Source: Estimated
- Zoning: FRONTAGE COMMERCIAL
- Lot Description: Road Frontage
Financial Considerations
- Price Per Sq. Ft.: $14.5
- Assessment Year: 2025
- School Tax: $3,754
- City/TownTax: $133
- City/TownTax Freq: Annually
- County Tax: $769
- County Tax Freq: Annually
- Tax w/Assessment: $148,860
- Tax Amount: $4,656
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: Existing home on parcel.
- Lot Number: 218
Listed by Keller Williams Realty Devon-Wayne, Mark Burkert
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Listing agent
— 497 Lancaster Ave —
Mark Burkert
Keller Williams Realty Devon-Wayne
Listing Office Email: klrw894@kw.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 497 Lancaster Ave
School District:Great Valley School District
| Name | Grades | Distance |
|---|---|---|
Sugartown El School 611 Sugartown Road, Malvern, PA 19355 | K-5 | 2.8 mi |
Great Valley Middle School 255 Phoenixville Pike, Malvern, PA 19355 | 6-8 | 1.6 mi |
Great Valley High School 225 Phoenixville Pike, Malvern, PA 19355 | 9-12 | 1.5 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 497 Lancaster Ave
Tax History
Tax History for 497 Lancaster Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,266
-8%
$148,860
—
2026
$4,656
18%
$148,860
—
2023
$3,952
—
$148,860
—
2022
$3,952
2%
$148,860
—
2020
$3,887
-1%
$148,860
—
2020
$3,925
1%
$148,860
—
2019
$3,887
2%
$148,860
—
2018
$3,813
—
$148,860
—
2017
$3,813
4%
$148,860
—
2016
$3,663
—
$148,860
—
2015
$3,663
2%
$148,860
—
2014
$3,602
—
$148,860
—
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 497 Lancaster Ave
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,597Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 4Total Baths
- 2,680Sq. Ft.
- Townhouse
- Active
- Updated 1 hour ago
- 3Beds
- 3Total Baths
- 1,741Sq. Ft.
Listed by Bela Vora (484) 947-3127
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- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 5Total Baths
- 5,300Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 6Beds
- 7Total Baths
- 7,575Sq. Ft.
497 Lancaster Avenue, Malvern, PA 19355 (MLS# PACT2120928) is a Lots/Land property with a lot size of 1.1 acres. 497 Lancaster Avenue is currently listed for $695,000 and was received on March 26, 2026. Want to learn more about 497 Lancaster Avenue? Do you have questions about finding other Lots/Land real estate for sale in Malvern? You can browse all Malvern real estate or contact a Coldwell Banker agent to request more information.