Sold
CLOSED
228-230 Bridge St
Phoenixville PA, 19460
$3,045,500
$365.69 per sqft
Sold
CLOSED
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
October 27, 2023
Listed
February 12, 2025
Updated
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
185
Garage
No
Parking
On Street
View
No
County
CHESTER
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
6/15/2024 | Sold | $3,045,500 |
Listed by RE/MAX Ready
Listing Contact: 2157836543
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Data last updated on 2/12/2025 at 7:59 AM UTC