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$2,300,000

  • Sold
  • Closed
  • Retail
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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.

Full Property Details for 118-120 N Wayne Ave

General

  • Sold For: $2,300,000
  • Taxes: $14,600 (2023)
  • Status: Closed
  • Type: Retail
  • Source: BrightMLSPhilly
  • MLS ID: PADE2045318
  • Added to Site: 962 day(s) ago

Business

  • Business Type: Restaurant/Bar, Other/General Retail

Additional Information

  • Security/Safety: Security System

Parking

  • Total Spaces: 5
  • Parking Features: Paved Parking
  • Parking Type: On Street, Parking Lot, Driveway

Location

  • Area: Radnor Twp (10436)
  • Municipality: RADNOR TWP
  • County: Delaware
  • Cross Streets: Lancaster Ave
  • Driving Directions: West on Lancaster Right on N Wayne. Building on left in middle of block. Tenants 118 N Wayne Music Venue and Omega Cleaners

School Information

  • Middle School: Radnor M
  • High School: Radnor H

Heating & Cooling

  • Cooling Type: Roof Mounted
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Natural Gas Available, Sewer Available, Water Available

Structural Information

  • Construction: Block, Brick, Brick Front, Masonry
  • Foundation: Slab
  • Roof: Flat, Rubber
  • Stories/Levels: 0
  • Year Built: 1960
  • Year Built Source: Estimated
  • Property Condition: Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,276
  • Lot Size Source: Estimated
  • Lot Dimensions: 45.00 x 187.00
  • Fence: Yes
  • Zoning: WBOD

Financial Considerations

  • Price Per Sq. Ft.: $411.72
  • Assessment Year: 2023
  • School Tax: $10,584
  • City/TownTax: $1,736
  • City/TownTax Freq: Annually
  • County Tax: $2,280
  • County Tax Freq: Annually
  • Tax w/Assessment: $760,260
  • Tax Amount: $14,600
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 216-000

Listed by Greene Countrie Realty Inc, John M Shea
Sold by Compass Pennsylvania, LLC, Jason Huff

Listing agent

— 118-120 N Wayne Ave —

  • John M Shea

    Greene Countrie Realty Inc

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 118-120 N Wayne Ave

School District:Radnor Township School District
NameGradesDistance
Wayne El School
651 West Wayne Avenue, Wayne, PA 19087
K-51.2 mi
Radnor Middle School
150 Louella Avenue, Wayne, PA 19087
6-80.2 mi
Radnor Senior High School
130 King of Prussia Rd, Radnor, PA 19087
9-121.6 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 118-120 N Wayne Ave

Date
Details
Price
Change
Source
3/29/2024
Sold
$2,300,000
-7.82%
MLS
7/17/2023
Listed
$2,495,000
—
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 Greene Countrie Realty Inc, John M Shea
Sold by Compass Pennsylvania, LLC, Jason Huff

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118-120 N Wayne Avenue, Wayne, PA 19087 (MLS# PADE2045318) is a Retail property that was sold at $2,300,000 on March 29, 2024. Want to learn more about 118-120 N Wayne Avenue? Do you have questions about finding other Retail real estate for sale in Wayne? You can browse all Wayne real estate or contact a Coldwell Banker agent to request more information.