Active

228-230 Bridge St

Phoenixville PA, 19460

$3,550,000


$426.27 per sqft

Active

8,328 sqft

Commercial

Built in 1930

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 Month
Apartment 1 is a two year lease and presently at month 9 of 24 - $2,000 per Month
Apartment 2 extended a year off an initial 1 year. Presently month 14 of 24. - $1,950 Per Month

NEIGHBORHOOD:
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.

PACT2055292

MLS ID

February 15, 2024

Updated

Map

228-230 Bridge St
Phoenixville PA, 19460

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Hot Water, Natural Gas

Exterior/Building Features

Lot Size

0.19 Acres


Sewer

Public Sewer

Other Property Details

Area Name

PHOENIXVILLE BORO


Taxes

$16,675


Tax Frequency

Annually


Days on Market

79


Garage

No


Parking

On Street


View

No


County

CHESTER


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

1/13/2024

Price Change

$3,550,000

-9%

Listed by Sean D Maloney, with RE/MAX Ready
Listing Contact: 2157836543 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/15/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/15/2024 at 10:23 PM UTC

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