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228-230 Bridge Street

PHOENIXVILLE, PA 19460
  • $3,550,000
  • STATUS: Active
  • ON SITE: 172 Days
  • ID#: PACT2055292
$3,550,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1930
County:

School Ratings & Info

School District:

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 MonthNEIGHBORHOOD: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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kristin & Mike Team of Northrop Realty, A Long & Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-03T23:52:46.143.
www.kmteamrealestate.com/homes/144794464
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228-230 Bridge Street PHOENIXVILLE, PA 19460

  • Price: $3,550,000
  • Status: Active
  • On Site: 172 Days
  • ID#: PACT2055292
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1930
Built
Neighborhood:
Phoenixville Boro (10315)
County:
Chester
Area:
Phoenixville Boro (10315)
School District:
Phoenixville Area
Property 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 MonthNEIGHBORHOOD: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.
Exterior Features

Construction Materials Other Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 8328.00 Cooling Central A/C Heating Hot Water Heating YN Yes Net Square Feet 8000.00

Property Features

Acceptable Financing CashConventionalSeller Financing Accessibility Features 2+ Access Exits Assessment Year 2023 Business Type Apartment BuildingRestaurant/Bar Central Air YN Yes Cooling Fuel Electric Gross Income 245562.48 Heating Fuel Natural Gas Hot Water Natural Gas Municipality PHOENIXVILLE BORO Navigable Water YN N Net Operating Income 220533.81 New Construction YN No Number Of Units Total 4 Original MLSNumber 802700305598 Ownership Interest Fee Simple Possession 0-30 Days CD Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 16675.00 Tax Assessment Amount 371540.00 Tax Lot 0202 Vacation Rental YN No Water Source Public Year Built Effective 2018 Zoning TC

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kristin & Mike Team of Northrop Realty, A Long & Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-03T23:52:46.143.
 
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