415 High StPottstown, PA 19464

Property Details for 415 High St

Year built

1968

Lot size

0.62 AC

Property size (Sq ft)

7,570 SF

Zone code

D

Property type

Retail properties

Property subtype

Banks

APN

16-00-14908-00-7

APU

160014908007

Description

This exceptional 2-story commercial building, located at 415 High Street in Pottstown, PA, presents a unique investment or owner-use opportunity. Previously a well-established bank, this 0.62-acre property boasts excellent facilities, including central air and heat, and requires no renovations. The building offers versatile space adaptable to various uses, such as banking, office space, a care center, retail, warehouse, or lending company. The first floor provides ample space, while the second floor is easily configurable, offering either several partitioned compartments or a large open area. Three driveways and a 30-car parking lot, accessible from four different points, ensure convenient access. An additional rear entrance enhances functionality. The roof was recently replaced just two years ago. The property is available for lease at a significantly reduced monthly rent of $6,900.00 NNN, or for sale. This prime location offers high visibility and accessibility, making it an ideal investment for a discerning buyer or tenant seeking a move-in ready commercial space. The property's history as a successful bank underscores its inherent value and potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,070,578

  6.5%

  $2,834,379

  7%

  $2,631,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,617,104

  Geo Method

  $2,492,522

• Alternative Use

  Use

  Valuation

  Residential

  $2,390,905

  Hospitality

  $2,190,056

  Educational

  $1,822,101

  Medical

  $1,884,766

  Retail

  $2,834,379

Location Insight

City

Pottstown

County

Montgomery

State

Pennsylvania

Latitude

40.2452

Longitude

-75.6441

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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