$625,000

7 W Central Ave

PAOLI PA, 19301

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

Details

MLS#PACT493482
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1908
Days On Site145

Features

Story(s)0
ZoningC1

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Area Information

StatePA
CityPAOLI
Zip Code19301
AreaTredyffrin Twp (10343)
Listing VS Median (in 19301)
Price:
$625,000
low | high
Med:
$500,000
70% of Average
On Site:
145
low | high
Med:
95
100% of Average
Listing Updated: 04/03/2020
MLS Number: PACT493482
Listing Provided By:
Joseph E Mongan  of  Long Foster Real Estate Inc.