1026 Pottstown PikeChester Springs, PA 19425

  • Land
  • 2.83 AC
For Sale
$1,400,000 View listing

Property Details for 1026 Pottstown Pike

Lot size
2.83 AC
Zone code
MHP
Property type
Land
Property subtype
Commercial land
APN
2506 00620100
APU
250600620100

Description

This exceptional 2.83-acre commercial land parcel, located at 1026 Pottstown Pike in Chester Springs, Pennsylvania (zip code 19425), presents a unique investment opportunity. Situated in the Ludwigs Village Center Commercial District of desirable West Vincent Township, Chester County, this property boasts a strategic location at the corner of routes 401 and 100. The site is already approved for development, offering significant flexibility for potential buyers. Two pre-approved development plans exist: Option one allows for the construction of 20,000 square feet of commercial space alongside 20 multifamily units. Option two permits the development of a 16,400 square foot pharmacy and a 3,500 square foot fast-food restaurant. However, the property's approved status also allows a buyer to pursue approvals for alternative uses, tailoring the development to their specific needs and vision. Public utilities are readily available in the immediate vicinity, simplifying the construction process. The asking price for this prime commercial land is $1,400,000. This presents a rare chance to acquire a ready-to-develop site in a highly sought-after location with multiple development options. Don't miss this opportunity to capitalize on the potential of this exceptional property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $38,935,112
    Hospitality
    $35,664,352
    Educational
    $29,672,324
    Medical
    $30,692,800
    Retail
    $46,156,948
1026 Pottstown Pike, Chester Springs, Pennsylvania

Location Insight

City
Chester Springs
County
Chester
State
Pennsylvania
Latitude
40.1142
Longitude
-75.6931
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,912
$70,750
-
$70,750
-
$70,750
-
$70,750

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