318 Chestnut StPottsville, PA 17901

Property Details for 318 Chestnut St

Year built

1919

Construction

FRAME

Lot size

0.70 AC

Property size (Sq ft)

1,349 SF

Property type

Retail properties

Property subtype

Auto shops

APN

18-08-0014.000

APU

18080014000

Description

This exceptional mixed-use property at 318 Chestnut Street in Pottsville, Pennsylvania, presents a unique investment opportunity. The 15,424 square foot property sits on a 0.7-acre lot and includes a substantial commercial garage, along with two residential units. The garage, measuring 65x55 feet, boasts sixteen 16-foot high by 15-foot wide doors, ideal for accommodating large trucks and equipment. The garage floor is insulated, and ample parking is available on-site with 28 spaces. The property also features a sizable basement offering significant additional storage space. One residential unit is a four-bedroom, one-bathroom home that has undergone recent renovations. The second residential unit is a two-bedroom, one-bathroom home. The asking price is $624,900, translating to $42.14 per square foot. The property is zoned for commercial use, but potential buyers should consult with the township for specific zoning details. This fee-simple ownership opportunity offers a blend of commercial and residential income potential, making it an attractive investment in a desirable Pennsylvania location. The property was built in 1951 and consists of three units in total. This is a rare chance to acquire a well-established business with significant expansion potential.

• CAP approach

  CAP return

  Valuation

  6%

  $306,081

  6.5%

  $282,536

  7%

  $262,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $260,671

  Geo Method

  $444,176

• Alternative Use

  Use

  Valuation

  Residential

  $238,330

  Hospitality

  $218,309

  Educational

  $181,630

  Medical

  $187,877

  Retail

  $282,536

Location Insight

City

Pottsville

County

Schuylkill

State

Pennsylvania

Latitude

40.6249

Longitude

-76.2106

CBSA code

39060

CBSA name

POTTSVILLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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