Listed By:
Greene Countrie Realty Inc
Address
118-120 N Wayne Avenue, Wayne, PA
Price
$ 2,495,000
Property Attributes
  • MLS#PADE2045318
  • TypePending
  • CountyDELAWARE
  • CityWayne
  • AreaRadnor Twp
  • Zip19087
  • StyleRestaurant/Bar,/General Retail
  • Year Built1960
  • Taxes$ 14600
  • Price$ 2,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6060
  • Lot Size8,276 SqFt
Data Source:
Bright MLS
Property Description

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.

Price History
7/18/2023 Listed $2,495,000

General Features

Sewer Public Sewer
Heating Central
Cooling Roof Mounted
Utilities Natural Gas Available,Sewer Available,Water Available
Possession Immediate
Roof Flat,Rubber
Zoning WBOD
Security Features Security System
Construction Materials Block,Brick,Brick Front,Masonry
Year Built 1960
Electric 200+ Amp Service,440 Volts
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Restaurant/Bar,Other/General Retail
Accessibility 2+ Access Exits
County DELAWARE
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Zoning Description Wayne Business District Overlay. Maximum building height forty-two (42) ft ; with retail first floor with residential above.
Total Units 2
MLS Area Radnor Twp (10436)
Lot Size Square Feet 8276.40
Waterfront Y/N No
Tax Annual Amount 14600.0
Property Condition Good
Price Per Sq Ft 411.72
Acceptable Financing Cash,Conventional
Historic Y/N No
Vacation Rental Y/N No
Days on Market 47
Tax Lot 216-000
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Yes
Central Air Y/N No

Exterior Features

Parking Features Paved Parking
Water Source Public
Total Parking Spaces 5
Type of Parking On Street,Parking Lot,Driveway
Foundation Details Slab
Water View Y/N No
Building Area Total 6060.00
Lot Dimensions 45.00 x 187.00
Lot Size Acres 0.19
Lot Size Source Estimated
Navigable Water Y/N No
Water Oriented Y/N No
Fencing Y/N Yes
Car Parking Spaces 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 19087

Price
AVG $1.12M
$2.5M
Taxes
AVG $11,260
$14,600
Visits
AVG 216
92
Data Provided by Inside Real Estate®
Year Built
AVG 1973
1960