0.29 Acres Lot
0.29 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAMC2128772
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $15,672
Tax Year 2024
Lot Size 0.289 Acres
Acres 0.29
Lot Dimensions 90.00 x 0.00
Property Description
The property at 504-512 Chestnut St, Pottstown, PA, offers great potential, especially for conversion to residential, apartment, or condo development, as there is a shortage of rentals in the area. The borough encourages residential projects such as condos or apartments, similar to a warehouse conversion done in 2016 at Beech and Evans St.
The property lies within the Traditional Town Neighborhood Zoning District, which has restrictions and will require zoning variances for certain uses. The site includes multiple structures, notably a warehouse (11,280 SF) and a house (3,960 SF), both with basements. The warehouse requires some repairs, including brick facade repointing and roof repairs due to leaks. Additionally, the property at 512 Chestnut St features a concrete block structure (3,750 SF), with some floor repairs needed on the second floor.
The parcel has a total of 15,430 SF of above-ground space, plus 4,300 SF of basement areas. The property is fully paved, includes two fresh water wells, and is recently supplied with natural gas. It is priced at $665,000, down from the original asking price of $1M.
The seller is open to partnerships, financing options, or a cash purchase, and offers support to facilitate a profitable acquisition, especially for residential, apartment, or condo development.
Location
State PA
County Montgomery
Area Pottstown Boro (10616)
Zoning TTN
Interior
Hot Water Other
Heating Other
Cooling Other
Inclusions 2 parcels - id 16-00-32024-009 & 16-00-05676-005
Heat Source Other
Exterior
Garage Spaces 20.0
Water Access N
Accessibility Other
Total Parking Spaces 20
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Pottstown Senior
School District Pottstown
Others
Tax ID 16-00-32024-009 & 16-00-05676-005
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Negotiable, Other, Variable, Joint Venture, Cash
Listing Terms Conventional, Negotiable, Other, Variable, Joint Venture, Cash
Financing Conventional,Negotiable,Other,Variable,Joint Venture,Cash
Special Listing Condition Standard
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