Prime Mixed-Use Investment Opportunity on Lancaster Avenue in Devon! Positioned along Lancaster Avenue in the heart of Devon's highly desirable Main Line, this distinctive mixed-use property offers an exceptional opportunity for investors and business owners alike. Built in 1904 and extensively remodeled and updated, the property showcases remarkable craftsmanship and timeless architectural character, thoughtfully complemented by modern conveniences. The first-floor commercial space has been home to an established insurance agency for the past 13 years, demonstrating its suitability as a long-term professional business location. Soon to be delivered vacant, the space offers an excellent opportunity for an owner-occupant or investor seeking a new commercial tenant. The inviting layout features a spacious reception area currently accommodating two workstations, a large private office ideal for client meetings, a kitchenette, and multiple storage closets. Custom rugs, inlaid hardwood floors, and a professionally designed interior provide a turn key office space for the discerning professional. A ramp-accessible entrance, six parking spaces, charming front porch, and outdoor space set this property apart from so many others. Upstairs, a residential apartment provides an additional income stream, with a consistent rental history and long-term tenants currently paying below-market rent, offering potential for future income growth. With prominent Lancaster Avenue frontage, a prestigious Main Line address, a proven history of long-term occupancy, and multiple opportunities for income generation, this property represents a compelling investment in a sought-after location. Whether establishing your own business, securing a new commercial tenant, or expanding your real estate portfolio, the possibilities are worth exploring!
Commercial space for sale, 2,916 square foot above grade building. Modified/renovated over the last 20 years. Formally operated as a KeyBank and is currently vacant with 3 drive-thru stations. Room layout: Large open lobby, 6 teller stations, 5 private offices, conference room, storage room, operating safe deposit vault, employee break room, 2 restrooms with ample parking. It’s a slab-on-grade foundation (no basement). Interior finishes consist of tile floors in the lobby, VCT or ceramic tile bathroom floors, and either laminate or wall-to-wall carpeting throughout the remaining areas. Other interior finishes include vinyl covered/wallpaper drywall partitions, vinyl baseboard trim, and acoustic tile drop ceilings with both fluorescent and recessed lighting. Possible uses include bank, credit union, S&L branch offices to name a few. Lot size is 27,700 square feet. Also available for rent $11,000 month NNN.
Devon is located in Pennsylvania. Devon, Pennsylvania has a population of 1,981. Devon is more family-centric than the surrounding county with 55.62% of the households containing married families with children. The county average for households married with children is 36.91%.
The median household income in Devon, Pennsylvania is $197,820. The median household income for the surrounding county is $109,969 compared to the national median of $69,021. The median age of people living in Devon is 44.8 years.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 20.1 degrees. The average rainfall is approximately 46.7 inches per year, with 21.6 inches of snow per year.
