$2,300,000
●
Commercial -
Off Market
118-120 N WAYNE AVE
WAYNE, PA 19087
Studio
0 Bath
$12,251
Estimated Monthly
$0
HOA / Fees
About This Property
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.
Property is for Sale or for Lease.
Unit Size
-
Days on Market
256 days
Land Size
0.19 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Last updated: 28 days ago (Bright MLS #PADE2045318)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 29, 2024 | Sold | $2,300,000 | |
| Sold | |||
| Jan 22, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2023 | Listed by Greene Countrie Realty Inc | $2,495,000 | |
| Listed by Greene Countrie Realty Inc | |||
Property Highlights
Parking Details
Parking Features: On Street, Parking Lot, Driveway
Total Garage and Parking Spaces: 5
Exterior Details
Property Information
Property Manager Present
Ownership Interest: Fee Simple
Property Condition: Good
Year Built Source: Estimated
Building Information
Foundation Details: Slab
Roof: Flat, Rubber
Construction Materials: Block, Brick, Brick Front, Masonry
Lot Information
Tidal Water: N
Lot Size Dimensions: 45.00 x 187.00
Lot Size Source: Estimated
Land Information
Land Assessed Value: $760,260
Financial Details
County Tax: $2,280
County Tax Payment Frequency: Annually
City Town Tax: $1,736
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $760,260
Tax Year: 2023
Tax Annual Amount: $14,600
Year Assessed: 2023
Lease Considered: Yes
Utilities Details
Cooling Type: Roof Mounted
Heating Type: Central
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
118-120 N WAYNE AVE
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Townhouse
4
Beds
5
Baths
3,650 ft²
$705/ft²
$2,575,000
Feb 1, 2023
$2,575,000
Mar 14, 2023
$600/mo
Sold
House
7
Beds
6
Baths
1 ft²
$2,075,000/ft²
$2,075,000
May 1, 2014
$2,075,000
Aug 28, 2014
-
Sold
House
6
Beds
5
Baths
7,128 ft²
$337/ft²
$2,400,000
Apr 26, 2013
$2,400,000
Jun 20, 2013
-
Sold
House
6
Beds
6
Baths
6,017 ft²
$438/ft²
$2,637,500
Feb 6, 2023
$2,637,500
Mar 16, 2023
-
Sold
House
5
Beds
5
Baths
4,674 ft²
$496/ft²
$2,320,000
May 19, 2023
$2,320,000
Jul 25, 2023
-
In Contract
House
5
Beds
5
Baths
4,000 ft²
$698/ft²
$2,789,990
Nov 30, 2023
-
-
In Contract
House
4
Beds
5
Baths
4,062 ft²
$689/ft²
$2,799,990
Mar 20, 2023
-
-
In Contract
House
5
Beds
5
Baths
4,000 ft²
$700/ft²
$2,799,990
Nov 10, 2023
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
07/17/2023
|
|
Loft
|
-
|
-
|
$2,495,000
Loft
-
|
$2,300,000
-7.82%
03/29/2024
|
-
|
John Shea
Greene Countrie Realty Inc
|
Building Info
About Delaware
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Listed by: John Shea
Greene Countrie Realty Inc
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# PADE2045318
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc.
Greene Countrie Realty Inc
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# PADE2045318
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
