Listing Contacts
Ken McEvoy
License: PA RS284266
Keith Seymour
License: PA
David Derienzo
License: PA RS331018
Asking Price
$3,300,000
Address
477 Lancaster Ave
Malvern, PA
Property Details
Asking Price
$3,300,000
Property Type
Retail
Sub Type
Shopping Center
Square Footage
17,500
Net Rentable (sq ft)
7,500
Price/Sq Ft
$188.57
Cap Rate
7.75%
Units
6
Year Built
1988
Year Renovated
2003
Buildings
1
Permitted Zoning
C-3
Lot Size (acres)
2.243
Parking (spaces)
98
Ownership
Fee Simple
Property Description
Equity Retail Brokers is pleased to Exclusively offer Towne Center at Frazer, a 17,500 square feet retail shopping center located in East Whiteland 

Township in Chester County, Pennsylvania. The Shopping Center is well positioned in the Frazer market with great highway exposure. Strong demographics include an over 16 daytime population of 53,000 in 3 miles and 125,000 miles within a 5-mile radius. Average Household incomes both 3 and 5 mile exceed $140,000.

Property Highlights
  •  Excellent Highway Frontage 320+ feet along Route 30 
  •  Well suited for National, Regional and Local Tenants 
  •  Prominent pylon / façade signage 
  •  Route 30 / Lancaster Avenue is a busy corridor with approximately 17,000 VPD