For Sale
$665,000

504 Chestnut StPottstown, PA 19464

Prime location, vacant, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional redevelopment opportunity in Pottstown, Pennsylvania, presents a unique chance to capitalize on the area's growing demand for residential units. Located at 504-512 Chestnut St and 512 Chestnut St, this property encompasses approximately 15,430 square feet of above-ground space, plus an additional 4,300 square feet of basement and support areas. The site includes two buildings: a 11,280+ square foot warehouse (with a 3,960+ square foot house and 1,280+ square foot basement) and a 3,750+ square foot concrete block structure. An additional 400+ square foot structure connects the two warehouse buildings. The property features two freshwater wells and is fully paved. Recent upgrades include the installation of natural gas (meter not yet set) and three-phase power availability on Chestnut Street. While the buildings are structurally sound, some cosmetic and roof repairs are needed, particularly on the warehouse's brick facade and the natural light roof. The property is zoned for Traditional Town Neighborhood use and is ideally suited for conversion into residential apartments or condominiums, aligning with the borough's vision for increased residential development. The asking price is $665,000, and the seller is open to various financing options, including partnerships and lease-to-own agreements. Property taxes reflect both parcels combined. This is a rare chance to acquire a substantial property in a desirable location with significant upside potential.

Highlights

  • $665,000 asking price for a redevelopment opportunity.
  • Vacant multifamily property in Pottstown, PA.
  • Located at 504-512 Chestnut St, Pottstown, PA 19464.
  • Approximately 19,730 square feet of combined building area, including warehouse space and a house.
  • Features two freshwater wells and is fully paved.

Property Details for 504 Chestnut St

Property type
Apartment buildings

Location Insight

City
Pottstown
County
Montgomery
State
Pennsylvania
Latitude
40.2464504
Longitude
-75.6416069
504 Chestnut St, Pottstown, Pennsylvania

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504 Chestnut St
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