504-512 CHESTNUT ST Pending Save Request In-Person Tour Request Virtual Tour
Pottstown,PA 19464
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 12,600 sqft
Price per Sqft $52
MLS Listing ID PAMC2128772
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 Sub-Type Mixed Use
Source BRIGHT
Property Description
Attention Real Estate Developers!
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.<br/>
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