$4,249,000
$4,249,000
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13,084 SqFt
SOLD DATE : 09/06/2023
Key Details
Sold Price $4,249,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 13,084 sqft
Price per Sqft $324
MLS Listing ID PACT2011546
Sold Date 09/06/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $20,044
Tax Year 2023
Lot Size 0.992 Acres
Acres 0.99
Lot Dimensions 0.00 x 0.00
Property Description
Phoenixville Investment Opportunity. 400 Bridge Street Phoenixville PA Chester County. The new cornerstone of Downtown Phoenixville is 400 Bridge Street. The west end of Bridge Street will be rapidly developed over the next few years with over 900 residential units added just a few blocks away. This is a turn-key property, with a no expense spared rehabilitation over a 1 year period in 2020-21. All major systems have been replaced with superior material that would ensure low maintenance and longevity.
COMMERCIAL • Mixed use two detached commercial buildings and two adjacent parking lots. Major renovations made to property in 2021 • Main building 1st floor retail space occupied by La Patrona leased through November 2026 (with annual increases and lease extension option) . Detached Stables Building occupied by Angry Jacks Axe Throwing; leased through March 2026 (with annual increases and extension option).
LIQUOR LICENSE INCLUDED WITH SALE • PA R-Liquor License
RESTAURANT EQUIPMENT INCLUDED WITH SALE- All Restaurant Equipment and Fixtures are Included with sale.
RESIDENTIAL • Nine (9), fully occupied, one bedroom apartments in main build- ing. All units had a complete renovation in 2021. Units feature new granite counter tops, stainless steel appliances, new bath- rooms, washer and dryer in each unit. One off-street parking space per unit.
NEIGHBORHOOD • Prime location with new residential construction to be completed in the immediate area.
Location
State PA
County Chester
Area Phoenixville Boro (10315)
Zoning TC
Interior
Hot Water Natural Gas
Heating Forced Air, Heat Pump - Electric BackUp
Cooling Heat Pump(s), Ductless/Mini-Split, Central A/C
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 37.0
Utilities Available Natural Gas Available, Electric Available
Waterfront N
Water Access N
Accessibility Level Entry - Main
Parking Type Parking Lot
Total Parking Spaces 37
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Phoenixville Area
Others
Tax ID 15-09 -0356
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System
Acceptable Financing Cash, Conventional, Negotiable, Other
Listing Terms Cash, Conventional, Negotiable, Other
Financing Cash,Conventional,Negotiable,Other
Special Listing Condition Standard
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Bought with Boris Grimberg • Realty Mark Associates - KOP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "