For Sale
$5,800,000

139 Chestnut StCoatesville, PA 19320

Historic building, 50+ spaces, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional five-story, 68,805-square-foot creative office building, located at 139 E Chestnut St in Coatesville, Pennsylvania (zip code 19320), presents a unique investment opportunity. Built in 1909 and thoughtfully revitalized in 2018, this Class C property boasts 50 spaces of varying sizes, currently housing a vibrant mix of artist studios, office space, retail, entertainment venues, a fitness center, and photography studios. The building features one passenger and two freight elevators, providing convenient access to all five floors. Basement storage units range from 70 to 1,250 square feet. The asking price is $5,800,000, translating to $84.30 per square foot. The property sits on a 0.66-acre lot (APN: 16-005-0036.0100) and is zoned C1. Additional land parcels are included, offering potential for future expansion or increased parking. This prime location benefits from significant upcoming developments, including the anticipated completion of a $65 million train station by 2025 and a $45 million National Sports and Events Center, along with new restaurants and entertainment venues, promising substantial future growth and increased property value. This is a rare chance to acquire a fully developed, thriving artist community in a rapidly revitalizing area.

Highlights

  • $5,800,000 asking price for a 68,805 SF creative office building.
  • Class C, five-story building, built in 1909, located at 139 E Chestnut St, Coatesville, PA 19320.
  • 0.66-acre lot with C1 zoning; APN 16-005-0036.0100.
  • Features 50 units of varying sizes, including artist studios, office space, retail, and more.
  • Basement storage units ranging from 70 SF to 1,250 SF.
  • Served by one passenger and two freight elevators.

Property Details for 139 Chestnut St

Property type
Office properties, Office space
Square Feet
68,805 SF
Class
C
Year Built
1909
Stories
5
Lot Size (sq. ft)
28,750 SF

Location Insight

City
Coatesville
County
Chester
State
Pennsylvania
Latitude
39.98412649
Longitude
-75.82387313
139 Chestnut St, Coatesville, Pennsylvania

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139 Chestnut St
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