Paoli, PA 19301,7 W CENTRAL AVE
Paoli, PA 19301,7 W CENTRAL AVE
Paoli, PA 19301,7 W CENTRAL AVE
$539,900
Est. payment /mo
$539,900
Est.Price: ?

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2,821 SqFt
SOLD DATE : 03/05/2021

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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Bright MLS (BMLS)
Listed by Joseph E Mongan • Long & Foster Real Estate, Inc.
Bought with John D Lenker • BHHS Fox & Roach-Malvern

Don Perrin

Agent | License ID: 0225222228

+1(703) 819-4655

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