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18,200 SqFt
$ 2,500,000
Est. payment | /mo
18,200 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 18,200 sqft
Price per Sqft $137
Subdivision None Available
MLS Listing ID PACT2088020
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $14,560
Tax Year 2024
Lot Size 6,266 Sqft
Acres 0.14
Property Description
Approved Development/Conversion: Fully Approved for 22 Apartment Units to be Built Out in Existing Building and ±3,525 SF of Commercial Space
Walkable Neighborhood Amenities: Bridge Street Downtown District for Cafes, Restaurants, Bars, Boutiques, Entertainment, and the Colonial Theater
Prominent Corner Location: Located at the Corner of Main Street and Church Street in Phoenixville’s Town Center Zoning District
Occupied Commercial Space: Both Commercial Spaces were Fitted Out in Past 3-4 Years; Currently Fully Occupied with Tenants
Proximity to Area Major Employers: SEI Investments, Vanguard, Lockheed Martin, BNY Mellon, United Health Services, Phoenixville Hospital (Tower Health) and More
Main Street Lofts is a mixed-use redevelopment site consisting of existing ground-floor retail and to-be-built loft-style apartments on the second and third floors.
The current owners went through the zoning approval process and were approved for 22 loft-style units to be built in the existing building on floors two and three. Both floors will consist of 11 units each. The building also has roughly 3,525 SF of ground floor retail that is fitted out and occupied at ±$20 PSF modified gross. A new owner could either increase the commercial rent or implement NNN reimbursements for additional income. Both tenants are responsible for all utilities, trash, and snow removal outside their stores.
The subject property is located in the heart of the borough at the corner of Main Street and Church Street, only one block from the center of Bridge Street. Located in a vibrant and growing town, Main Street Lofts is within walking distance of the charming downtown area, known for its eclectic shops, restaurants, and cultural events. Residents enjoy easy access to scenic parks, direct connections to the Chester Valley Trail and the Schuylkill River Trail, and local attractions.
Main Street Lofts presents an excellent opportunity to acquire a mixed-use redevelopment site in the highly sought-after Phoenixville, Chester County, Pennsylvania.
Walkable Neighborhood Amenities: Bridge Street Downtown District for Cafes, Restaurants, Bars, Boutiques, Entertainment, and the Colonial Theater
Prominent Corner Location: Located at the Corner of Main Street and Church Street in Phoenixville’s Town Center Zoning District
Occupied Commercial Space: Both Commercial Spaces were Fitted Out in Past 3-4 Years; Currently Fully Occupied with Tenants
Proximity to Area Major Employers: SEI Investments, Vanguard, Lockheed Martin, BNY Mellon, United Health Services, Phoenixville Hospital (Tower Health) and More
Main Street Lofts is a mixed-use redevelopment site consisting of existing ground-floor retail and to-be-built loft-style apartments on the second and third floors.
The current owners went through the zoning approval process and were approved for 22 loft-style units to be built in the existing building on floors two and three. Both floors will consist of 11 units each. The building also has roughly 3,525 SF of ground floor retail that is fitted out and occupied at ±$20 PSF modified gross. A new owner could either increase the commercial rent or implement NNN reimbursements for additional income. Both tenants are responsible for all utilities, trash, and snow removal outside their stores.
The subject property is located in the heart of the borough at the corner of Main Street and Church Street, only one block from the center of Bridge Street. Located in a vibrant and growing town, Main Street Lofts is within walking distance of the charming downtown area, known for its eclectic shops, restaurants, and cultural events. Residents enjoy easy access to scenic parks, direct connections to the Chester Valley Trail and the Schuylkill River Trail, and local attractions.
Main Street Lofts presents an excellent opportunity to acquire a mixed-use redevelopment site in the highly sought-after Phoenixville, Chester County, Pennsylvania.
Location
State PA
County Chester
Area Phoenixville Boro (10315)
Zoning TC
Interior
Hot Water Electric
Heating Other
Cooling Other
Heat Source Electric, Other
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Phoenixville Area
School District Phoenixville Area
Others
Tax ID 15-09 -0336
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Alex C Prince • TCS Management, LLC
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