For Sale
$7,600,000

190 Paradise StPhoenixville, PA 19460

200-unit apartment complex, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional development opportunity encompasses a 5-acre site in Phoenixville, Pennsylvania's desirable Chester County. Fully approved plans allow for the construction of a 200-unit apartment building, complemented by approximately 112,670 square feet of commercial space. The property boasts a total of 201,212 square feet across five stories in a single building. Situated in a thriving community with a population of roughly 20,300, Phoenixville offers a vibrant downtown area with diverse shops, restaurants, and cultural attractions. Residents will enjoy easy access to scenic parks, walking trails, and convenient connections to major roadways, including Routes 422, 202, and 30, as well as the Pennsylvania Turnpike (Interstate 76). The location provides convenient access to Philadelphia (28 miles) and King of Prussia (9 miles), offering residents the best of both worlds: a charming small-town atmosphere and proximity to major metropolitan conveniences. Phoenixville's robust population growth, exceeding 10% in recent years, underscores the strong demand for new housing. The property's location within walking distance of the downtown area and its proximity to major employers, including SEI Investments, Vanguard, and Lockheed Martin, further enhances its appeal. This development presents a compelling investment opportunity in a high-demand market, with an average household income exceeding $130,000 within a 5-mile radius. The asking price for this exceptional property is $7,600,000. The property's APN is 150800220000

Highlights

  • Fully approved 5-acre development site in Phoenixville, PA for a 200-unit apartment building and ~112,670 SF of commercial space.
  • Walkable to Phoenixville's Bridge Street, offering diverse restaurants, shops, and entertainment.
  • Located in Chester County, PA, the wealthiest county in the state.
  • Excellent highway access via Routes 422, 202, 30, and the Pennsylvania Turnpike (I-76).
  • Proximity to major employers including SEI Investments, Vanguard, and Lockheed Martin.
  • Strong demographics with average household income exceeding $130,000 within a 5-mile radius.

Property Details for 190 Paradise St

Property type
Apartment buildings
Square Feet
201,212 SF
Buildings
1
Stories
5
Lot Size (sq. ft)
217,800 SF
Units
200

Location Insight

City
Phoenixville
County
Chester
State
Pennsylvania
Latitude
40.1315806
Longitude
-75.5250323
190 Paradise St, Phoenixville, Pennsylvania

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190 Paradise St
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