Listed By:
422 Commercial Realty
Address
1486 S Hanover Street, Pottstown, PA
Price
$ 2,500,000
Property Attributes
  • MLS#PACT2061696
  • TypeCommercial
  • CountyCHESTER
  • CityPottstown
  • AreaNorth Coventry Twp
  • Zip19465
  • StyleGeneral Retail
  • Year Built1980
  • Taxes$ 24353
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage23000
  • Lot Size3.02 Acres
Data Source:
Bright MLS
Property Description

ANOTHER 422 OPPORTUNITY !!! This is a 3 building, 4 tenant investment property situated on 3+ acres. Property is 100% leased. NOI is approx $130k+/year. Taxes for '24 at 2% discount are $25849, insurance is $12575 and CAM is $25000. 3 tenants are multi-year terms, 1 tenant prefers renewing year-to-year, and has done so for 15-20 years. Seller specifies sale, "As Is". Rear home on 1.44 acres can also be purchased for additional monies and is also zoned C-1. Total square footage of all leased space is 23,000 and this includes upper and lower levels. Zoning and flyer attached under docs.

Price History
3/11/2024 Listed $2,500,000

General Features

Sewer Public Sewer
Heating 90% Forced Air,Heat Pump - Electric BackUp
Cooling Central A/C
Possession Negotiable
Roof Shingle
Zoning C-1
Construction Materials Block,Aluminum Siding,Frame,Stone
Year Built 1980
Property SubType Retail
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Other/General Retail
Building Name NONE AVAILABLE
Accessibility None
County CHESTER
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Property Use Investment
Status ACTIVE
Directions Rt 100 N or S. Property is south of Rt 422 and north of Rt 23 and just south of Suburbia Shopping Center & Wawa. situated on east side of Rt 100.
ModificationTimestamp 2024-03-12T18:31:01
City POTTSTOWN
Buyer Agent Compensation 2.11
Zoning Description This is the most intensive commercial zoning in township aside from shopping center,allowing many retail uses. Zoning attached.
Total Units 3
MLS Area North Coventry Twp (10317)
Lot Size Square Feet 131421.00
Tax Assessed Value 574980.0
Waterfront Y/N No
Street Name HANOVER
Tax Annual Amount 24353.0
Price Per Sq Ft 108.7
Acceptable Financing Cash,Conventional,FNMA
Lease Considered Y/N No
Vacation Rental Y/N No
Days on Market 51
Location Type Highway
Standard Status Active
Year Built Source Assessor
Tax Lot 0237
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Propane - Leased
Flooring Carpet,Concrete
Hot Water Electric
Total Stories 2
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes
Total Restrooms 4

Exterior Features

Water Source Public
Total Parking Spaces 26
Type of Parking Parking Lot
Land Use Code C30
Water View Y/N No
Building Area Total 23000.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 3.02
Road Surface Type Black Top
Lot Size Units Square Feet
Lot Size Source Assessor
Road Responsibility State
Land Assessed Value 105300.00
Navigable Water Y/N No
Water Oriented Y/N No
Fencing Y/N No
LotDimensionsSource Assessor
Car Parking Spaces 25

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19465

Price
AVG $870K
$2.5M
Taxes
AVG $8,612
$24,353
Visits
AVG 179
66
Data Provided by Inside Real Estate®
Year Built
AVG 1975
1980

Areas We Cover