Phoenixville, PA 19460,228-230 BRIDGE ST
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Phoenixville, PA 19460,228-230 BRIDGE ST
Phoenixville, PA 19460,228-230 BRIDGE ST
Phoenixville, PA 19460,228-230 BRIDGE ST
Phoenixville, PA 19460,228-230 BRIDGE ST

$3,045,500

Est. payment /mo

$3,550,000

14.2%
Est.Price: ?

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228-230 BRIDGE ST Phoenixville, PA 19460

8,328 SqFt

SOLD DATE : 06/14/2024

Key Details

Sold Price $3,045,500

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 8,328 sqft

Price per Sqft $365

MLS Listing ID PACT2055292

Sold Date 06/14/24

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $16,675

Tax Year 2023

Lot Size 8,074 Sqft

Acres 0.19

Lot Dimensions 0.00 x 0.00

Property Description

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.

Location

State PA

County Chester

Area Phoenixville Boro (10315)

Zoning TC

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Phoenixville Area

Others

Tax ID 15-09 -0202

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Seller Financing

Listing Terms Cash, Conventional, Seller Financing

Financing Cash,Conventional,Seller Financing

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Sean D Maloney • RE/MAX Ready
Bought with Sean D Maloney • RE/MAX Ready

Jan Crowley

License ID: 660313

+1(443) 538-4326

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