UPDATED:
11/18/2024 02:01 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 15,430 sqft
Price per Sqft $43
MLS Listing ID PAMC2113764
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $15,534
Tax Year 2023
Lot Size 0.370 Acres
Acres 0.37
Property Description
With a shortage of rentals, this property has a tremendous upside especially for residential, apartment and condo development The borough also would like to see residential development such as condos and or apartments. A similar warehouse building was converted on the corner of Beech and Evans St in 2016.
The property at 504-512 Chestnut St is situated on the corner of Chestnut and North Washington St, Pottstown PA 19464 and is located in the TRADITIONAL TOWN NEIGHBORHOOD ZONING DISTRICT.
The property at 504 Chestnut St formerly known as 68 N Washington St. was changed by Pottstown borough for identification purposes as certain documentation was conflicting. The property is Land Use: 3345 Ind: Old Mill Type,
The warehouse portion of the property consists of 11280 SF+/- ( 4120 SF for the 1st and
2nd floors This parcel also consists of a house appx 3960SF+/- with a full basement consisting of 1280SF +/-.
In addition, the property has 2 Fresh water WELLS and the parcel is completely paved. Was recently supplied natural gas (No meter set yet) and has 3 phase available on Chestnut St. These above structures are sound but the brick facade on warehouse needs repainting and repair along with the roof repair as the natural light roof needs to be replaced and leaks when raining.
512 Chestnut St consists of a very sound concrete block structure 3750 SF+/- also zoned Industrial, the second floor needs floor repair and is used very little currently. This floor is ONLY accessible by the other warehouse. (See Video Walk-through) . In Addition another structure consisting 400 SF +/- between and attached to both warehouse buildings. This parcel is more detailed
This parcel also is fully paved as well.
BOTH properties consist of about 15430SF +/- of above ground footage with another 4300 SF +/ support and basement areas.
The original asking price for COMPLETE corner and aforesaid properties was $65 per foot or $1M. REDUCED to $665,000
Seller would entertain a partnership, financing, and of course a cash purchase with transfer, and or Lease with option to purchase.
Seller is willing to assist Buyer in every way to make this property a profitable acquisition. Taxes reflect both properties combined.
Location
State PA
County Montgomery
Area Pottstown Boro (10616)
Zoning TTN
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 10.0
Water Access N
Accessibility None
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Pottstown
Others
Tax ID 16-00-32024-009, 16-00-05676-005
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
GET MORE INFORMATION