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Key Details
Sold Price $539,900
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 2,821 sqft
Price per Sqft $191
MLS Listing ID PACT493482
Sold Date 03/05/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1908
Annual Tax Amount $3,476
Tax Year 2020
Lot Size 10,800 Sqft
Acres 0.25
Lot Dimensions 0.00 x 0.00
Property Description
Attention investors!! This property is an opportunity to invest in the future of Paoli. Two of the largest improvement projects in Paoli along with the addition of more than 250 apartments are a stone's throw from this property. Per the Tredyffrin Township site "The East Central Ave Multi-Modal Project will upgrade the existing sidewalks on the south side of East Central Avenue from Route 252, near Paoli Pointe, all the way west to the Station Square Office Complex. ADA ramps and crosswalks will be provided along East Central Avenue at various locations. The existing roadway travel lanes will be reduced in width by 5-ft on both sides of the roadway to include 5-ft bike lanes." In addition, just a block from the subject is the Paoli Train Station which is a major hub to service NYC, Harrisburg, Washington, Philadelphia is currently undergoing a three phase update. Additional information on these projects can be found on the Tredyffrin Township website https://www.tredyffrin.org/projects/paoli-on-the-move Upon completion of these projects the subject 7 W Central Ave, will be at the epicenter of this revitalized section of Paoli. This property has a history of renting to professional therapists with very low vacancy. If you are unaware of the development that is underway, you need to see for yourself. This is a tremendous opportunity to start or add to your investment portfolio in an area on the cusp of a major activity boost. Updates to the property include: New shingled main roof in 2019, New metal standing seam porch roof in 2019, Newly built rear porch to cover basement tenant entryway in 2018, Re-painted interior in 2017 and New steel with glass entry door for basement unit in 2017
Location
State PA
County Chester
Area Tredyffrin Twp (10343)
Zoning C1
Interior
Hot Water Electric
Heating Hot Water
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 12.0
Waterfront N
Water Access N
Roof Type Architectural Shingle,Metal
Accessibility None
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Tredyffrin-Easttown
Others
Tax ID 43-09L-0088
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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Bought with John D Lenker • BHHS Fox & Roach-Malvern
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