About 137 Wallace Ave
Fully occupied Commercial property of over 11,000 sf on 1.1 acre lot in Downingtown. On site parking lot that can accomodate 50 plus cars. Tenants include Beer Brewery, auto service and landscaper. Their current monthly rents are $2,500, 2,000, and 1,020, respectably. The Brewery's monthly rent is scheduled to be increased from $2,500 to $4,000 beginning September 1, 2026. This property is a subject of environmental issues: Phase I, II and III investigations have been performed - PA DEP has disaproved Remedial Investigation Report and Clean up Plan, leaving the issues unresolved. To get the issus resolved, a further action is needed and an environmental company has proposed it at an estimated cost of $42,030. Property to be sold in as is condition, and thus, the new owner needs to take the final stage environmental action, assuming the cost.
Features of 137 Wallace Ave
| MLS® # | PACT2129812 |
|---|---|
| Price | $699,000 |
| Bathrooms | 0.00 |
| Square Footage | 11,379 |
| Acres | 1.10 |
| Year Built | 1957 |
| Type | Commercial Sale |
| Sub-Type | Industrial |
| Status | Active |
Community Information
| Address | 137 Wallace Ave |
|---|---|
| Area | Downingtown Boro |
| City | DOWNINGTOWN |
| County | CHESTER-PA |
| State | PA |
| Municipality | DOWNINGTOWN BORO |
| Zip Code | 19335 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central A/C |
Exterior
| Exterior | Brick, Frame, Metal Siding |
|---|---|
| Construction | Brick, Frame, Metal Siding |
Additional Information
| Date Listed | July 2nd, 2026 |
|---|---|
| Days on Market | 70 |
| Zoning | M20 IND: LIGHT IND |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Hanco Real Estate LLC |
|---|---|
| Contact Info | 6106872313 |