$426.27 Per Sq Foot $19,057 est/mo Sourced by Back At You

228-230 Bridge St,Phoenixville, PA 19460

Phoenixville PA, 19460

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Description

Phoenixville Investment Opportunity at 230 Bridge Street, Phoenixville, PA, Chester County. Nestled in the heart of one of suburban Philadelphia's most sought-after neighborhoods, this property epitomizes a lucrative venture for the savvy commercial investor. The historic charm of the building, dating back to 1930, complements the bustling urban vibe of Downtown Phoenixville, making it a notable landmark in a locality poised for rapid development. COMMERCIAL:This property boasts 8,000 square feet of fully leased commercial space, currently occupied by the Rec Room by Conshohocken Brewing (They are in year 7 starting October 1 2024 which is the first month of their 60 month lease extension), a popular and thriving business that resonates with the lively spirit of Phoenixville. The commercial space is a testimony to the property's potential of being a revenue-generating asset, with its modern amenities ensuring a comfortable and inviting ambiance for both patrons and staff.Leased Commercial Space: 8,000 sqft of space fully leased to a reputable tenant, guaranteeing a steady income stream.Modern Amenities: Equipped with central cooling and warm air heating features, the commercial space offers a conducive environment for business operations all year round. RESIDENTIAL:In addition to the commercial space, the property houses three residential apartment units, further augmenting its investment appeal. The residential units provide a balanced mix-use aspect to the property, ensuring a continual occupancy and revenue generation. Garage Apartment has a 2 year lease and they are in month 7 of 24 - $2,200 per MonthApartment 1 is a two year lease and presently at month 9 of 24 - $2,000 per MonthApartment 2 extended a year off an initial 1 year. Presently month 14 of 24. - $1,950 Per Month NEIGHBORHOOD:Phoenixville, with its rich history and contemporary zest, is on the brink of an urban renaissance, especially along the west end of Bridge Street. The strategic location of 230 Bridge Street amidst flourishing businesses, eateries, and residential complexes amplifies its allure as a prime investment opportunity. ADDITIONAL INCLUSIONS/INCOME:Possible Expansion to include a Roof Deck with Necessary Structural Components already in place.Also an additional residential unit could also be added to the property.

Details

MLS#PACT2055292
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1930
Days On Site209
Listing Provided ByRE/MAX Ready | Sean D Maloney

Features

SQ Feet8,328
ZoningTC
Acreage0.19

Market Activity 19460

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Learn More About This Property

StatePA
CountyChester
CityPhoenixville
Zip Code19460
AreaPhoenixville Boro
School DistrictPhoenixville Area
Listing VS Median (in 19460)
Price:
$3,550,000
low | high
Med:
$374,950
100% of Average
SqFt:
8,328
low | high
Med:
1,747
100% of Average
$ / SqFt:
$426
low | high
Med:
$215
99.628806831942% of Average
On Site:
209
low | high
Med:
19.000000
100% of Average
Sourced by Back At You
Listing Updated: April 28, 2024 at 9:29:06 AM PDT