100 Porter RdPottstown, PA 19464

Property Details for 100 Porter Rd

Year built

1985

Lot size

1.81 AC

Property size (Sq ft)

28,126 SF

Zone code

LCO

Property type

Healthcare properties

Property subtype

Medical offices

APN

42-00-03657-00-9

APU

420003657009

Description

This exceptional 19,136 square foot multi-family brick office complex presents a compelling investment opportunity in Pottstown, PA. Situated on a 1.81-acre lot, the property boasts a prime location in close proximity to Pottstown Hospital and numerous professional/medical buildings, ensuring high visibility and convenient access for tenants. Currently, 11 of the 17 units are occupied, demonstrating strong tenant demand and potential for immediate income generation. Several suites have undergone recent renovations, featuring modern upgrades such as LED lighting, fresh paint, and new flooring. All communal bathrooms on each floor have been completely renovated within the past year, enhancing the overall appeal and functionality of the building. Select units offer the added convenience of private restrooms and kitchenettes. The property also benefits from a recently repaved parking lot and professionally landscaped grounds, creating a welcoming and well-maintained environment for tenants and visitors. The asking price for this established and well-maintained office complex is $895,000, representing a significant opportunity for investors seeking a stable and potentially high-yield investment in a desirable location. The strong tenant base and recent improvements position this property for continued success and growth.

• CAP approach

  CAP return

  Valuation

  6%

  $7,760,948

  6.5%

  $7,163,952

  7%

  $6,652,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,858,624

  Geo Method

  $3,674,943

• Alternative Use

  Use

  Valuation

  Residential

  $8,883,301

  Hospitality

  $8,137,056

  Educational

  $6,769,935

  Medical

  $7,002,764

  Retail

  $10,531,010

Location Insight

City

Pottstown

County

Montgomery

State

Pennsylvania

Latitude

40.2421

Longitude

-75.6098

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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