245 Bridge St - Storefront Retail/Residential FOR SALE


Phoenixville, PA 19460
$2,600,000 USD
215-860-4200
245 Bridge St, Phoenixville, PA for Sale
$2,600,000 USD
Storefront Retail/Residential - FOR SALE
1/39
null | Request Cap Rate

245 Bridge St
Phoenixville, PA 19460


HIGHLIGHTS

  • 10 unit mixed use property
  • Approvals for the construction of 16 additional residential units
  • Tremendous location in the heart of vibrant Phoenixville

OVERVIEW

FOR SALE — PRIME MIXED-USE INVESTMENT WITH APPROVALS 245–249 Bridge Street, Phoenixville, PA A rare opportunity to acquire a fully stabilized mixed-use property in the heart of Phoenixville’s thriving downtown corridor — with approvals in hand to add 16 new residential units. This offering includes three contiguous buildings and one vacant lot comprising: 5 fully leased residential units 4 well-maintained mixed-use units Rental units are performing at an attractive CAP rate. The additional vacant lot (over $100k in value) and the substantial time and expenditures in pursuing the development approvals add additional value to the purchase price. What truly differentiates this asset is its development upside. Current ownership has already secured by-right approvals for the construction of 16 additional residential units, allowing a future total of 25 units on site. All necessary professionals are already engaged, and the next owner simply needs to complete renderings and final plans for municipal sign-off. Highlights: Trophy location on Bridge Street in downtown Phoenixville Stable, well-maintained 9-unit mixed-use income property with an additional vacant lot that can be utilized for future development or turned into parking By-right approvals for 16 additional residential units Design team and consultants already in place Ideal value-add and long-term hold opportunity in one of the region’s fastest-growing walkable districts Perfect for investors, developers, or owner-operators seeking scalable mixed-use assets with built-in upside.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

245-247 Bridge Street

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,214 SF

ZONING

CMX

APN/PARCEL ID

15-009-0133.0000,15-009-0134.0000,15-009-0135.0000,15-009-0136.0000

ASK ABOUT THIS PROPERTY

Ron IsgateKeller Williams Real EstateMore Info
215-860-4200

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Ron IsgateKeller Williams Real EstateMore Info
215-860-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.