Address
400 Lapp Road, Malvern, PA
Price
$ 7,500,000
Property Attributes
- MLS#PACT2065458
- TypeCommercial
- CountyCHESTER
- CityMalvern
- AreaEast Whiteland Twp
- Zip19355
- StyleProfessional,Medical
- Year Built1999
- Taxes$ 91844
- Price$ 7,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage28592
- Lot Size3.6 Acres
Data Source:
Bright MLS
Property Description
A very flexible opportunity for immediate occupancy, investment potential or sub-dividable lease buyout. This 28,000 +/- SF Class A Office Building is currently fully leased until April 2027 with an NOI of $603,186 (NNN Lease). Potential lease buyout for user buyer occupant along with sub-dividable potential with lease buyout option. Great location, approximately 1 Mile from PA 76 Turnpike. Easily accessible to Route 29, Route 202 & Route 30 . Within close proximity to major residential development.
| Price History | |
|---|---|
| 5/9/2024 | Listed $7,500,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | Negotiable |
| Zoning | COMMERCIAL |
| Construction Materials | Steel Siding |
| Year Built | 1999 |
| Property SubType | Office |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Other |
| Business Type | Professional,Medical |
| Accessibility | Other |
| County | CHESTER |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | US-202 N/US-322 W/Wilmington Pike to East Whiteland Township. Exit PA-401 W. Alroy Rd to Lapp Rd |
| ModificationTimestamp | 2024-05-09T11:30:28 |
| City | MALVERN |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Professional |
| MLS Area | East Whiteland Twp (10342) |
| Lot Size Square Feet | 156816.00 |
| Tax Assessed Value | 3290000.0 |
| Waterfront Y/N | No |
| Street Name | LAPP |
| Tax Annual Amount | 91844.0 |
| Price Per Sq Ft | 262.31 |
| Vacation Rental Y/N | No |
| Days on Market | 1 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 0024 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Central |
|---|---|
| Hot Water | Other |
| Heating Y/N | Yes |
| Street Suffix | ROAD |
| Central Air Y/N | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 102 |
| Type of Parking | Parking Lot |
| Land Use Code | C60 |
| Water View Y/N | No |
| Building Area Total | 28592.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 3.60 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 231000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 102 |
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 Commercial Average in 19355
Price
Taxes
Visits
Year Built
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