377 E High St - Bank FOR SALE


Pottstown, PA 19464
$595,000 USD
610-533-2389
377 E High St, Pottstown, PA for Sale
$595,000 USD
Bank - FOR SALE
1/24
null | Request Cap Rate

377 E High St
Pottstown, PA 19464


HIGHLIGHTS

  • n Main Shopping District of Downtown Pottstown, PA with 101 Feet of Frontage Offering Great Exposure & at a Signalized Intersection.
  • Located in the Redevelopment District of Downtown Pottstown; Surrounded by New Shops, Restaurants & Bars / Microbreweries.
  • Great Investment Opportunity for an End-User for Refined Office Space or New Retail Space.
  • Only 1.50 Miles to the U.S.-Route 422 Interchange & 1.70 Miles to PA-Route 100 (Pottstown Pike)
  • In the heart of Downtown Pottstown - which is in the middle of a major redevelopment of E. High Street with retail stores, restaurants, bars

OVERVIEW

KW Commercial is proud to present for sale this gross leasable area (GLA) of 1,794 SF two-story retail/office building, originally built in 1976, but the interior was completely renovated in 2020. This property sits within an Opportunity Zone too. This commercial property is on a 0.2829-Acre parcel (totaling 12,325 SF lot) with 101 feet of frontage along E. High Street with 20 deeded dedicated parking spaces. The property offers excellent visibility for a business or redevelopment opportunity. The building was divided into two tenant suites during an entire interior renovation approximately 5 years ago under current ownership and each suite has it's own secured separate entrances and separate electrical meter. Tenant A: 1,105 SF Tenant B: 649 SF The property features access to public water and public sewer, ensuring convenience for future buyers or tenants. Key Features Include: - Tenant A First Floor: A spacious lobby, main work area with countertops, a drive-thru window, an electrical closet, and an ADA-compliant restroom. - Tenant A Second Floor: A separate work area with its own restroom, perfect for an executive office or private workspace overlooking the lobby. - Tenant A Ceilings: 20-foot ceilings in the lobby and 12-foot ceilings in the main work areas. - Tenant B First Floor: - A welcoming lobby, main working area with sitting counter tops, rear closest and storage, and an ADA-compliant restroom. - Parking: A surface lot with approximately 20 spaces, including well-defined driving lanes for easy access and circulation. Exterior: Masonry construction with large glass windows for natural light and a drive-thru lane on the west side of the building. Zoning & Permitted Uses The property is zoned "D" (Downtown District) within the Borough of Pottstown, Montgomery County. The zoning allows for a wide range of permitted uses, including: By-Right: Retail, office, restaurant, hotel, medical office, educational institutions, multi-family housing, and personal care businesses. Conditional Uses: Neighborhood convenience stores, parking facilities, and operational utility facilities. This versatility makes the property ideal for owner-occupants or investors seeking long-term passive income through NNN leases. Prime Location in a Growing Community The property benefits from its location in the heart of the Borough of Pottstown, an area experiencing significant redevelopment. E. High Street, which sees over 7,200 vehicles daily, is attracting new storefronts, restaurants, and microbreweries. Proximity to Key Amenities: Transportation: 1.50 miles to U.S. Route 422 interchange 1.70 miles to PA Route 100 interchange Education: 0.90 miles to Montgomery County Community College 0.60 miles to The Hill School 0.80 miles to Pottstown High School & Middle School Healthcare: 1.90 miles to Pottstown Hospital / Tower Health Retail & Dining: Within 2 miles, major national brands include Walmart, Target, Panera Bread, Chipotle, McDonald’s, and more. This property represents a rare opportunity to acquire a versatile commercial building in a prime, up-and-coming location with ample on-property parking. Whether you’re an end-user looking for a strategic site for your business, an investor seeking steady investment returns from NNN tenants, or a savvy business professional looking to occupy one space and rent the other tenant space, this property delivers. Please reach out to Geoffrey Moody - KW Commercial to schedule a tour: 610-533-2389 (mobile) gmoody@kwcommercial.com (email)

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

D

APN/PARCEL ID

16-00-14904-002

ASK ABOUT THIS PROPERTY

Geoffrey MoodyKW CommercialMore Info
610-533-2389

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Geoffrey MoodyKW CommercialMore Info
610-533-2389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.