$2,500,000
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34 S Main Street Phoenixville, PA 19460 Municipality: Phoenixville Boro
General Commercial
Residence
Beds
Baths
18,000
Sq. Ft.
0.14
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 Phoenixvilleâs 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.
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MLS#
PACT2088020
Property Type
General Commercial
Year Built
1900
Square Feet
18,000
sq. ft
Price per Sq. Ft.
$137.36
Lot Size
0.14
Sewer
Public Sewer
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