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.