504 Chestnut StPottstown, PA 19464

Property Details for 504 Chestnut St

Year built

1920

Lot size

0.29 AC

Property size (Sq ft)

14,452 SF

Zone code

RHD

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

16-00-32024-00-9

APU

160032024009

Description

This exceptional 15,430 square foot property, situated on a 0.37-acre lot at the corner of Chestnut and North Washington Streets in Pottstown, PA, presents a unique redevelopment opportunity. Currently designated as an "Old Mill Type" industrial property (Land Use: 3345 Ind), this site is ideally positioned within the Traditional Town Neighborhood Zoning District, making it highly attractive for residential conversion. The borough actively encourages residential development, specifically condos and apartments, addressing a current shortage of rental units in the area. This presents a significant upside for developers seeking to capitalize on this unmet demand. The property's location at 504-512 Chestnut Street (formerly known as 68 N Washington St, a change made by the borough for clarity) offers excellent visibility and accessibility. A successful precedent exists, with a similar warehouse building converted into residential units on Beech and Evans Streets in 2016. This property's size and zoning make it an exceptional investment for developers looking to create a thriving residential community in a desirable Pottstown location. The asking price is $665,000.

• Alternative Use

  Use

  Valuation

  Residential

  $4,564,512

  Hospitality

  $4,181,068

  Educational

  $3,478,600

  Medical

  $3,598,234

  Retail

  $5,411,156

Location Insight

City

Pottstown

County

Montgomery

State

Pennsylvania

Latitude

40.2464

Longitude

-75.6416

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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