2 Bonnie Brae Rd
Spring City, PA 19475
Land For Sale · 22.10 AC

KW Commercial presents this investment property & development site, in the emerging and expanding suburbs of Phoenixville, PA (East Pikeland Township) has over 580 feet of frontage along the busy main thoroughfare of PA-Route 724. This property is located in the Phoenixville Area School District. The property, which is for sale, consists of 22.10 acres of a prime single-family housing, senior housing, medical office or educational use re-development opportunity or an end-user can use the 15,946 SF multi-tenant industrial building and the five residential units on-site as an investment property; this property also has an additional two mobile home licenses from Chester County that are not currently being used, which will add more income to the Buyer. This property is located at 2 Bonnie Brae Road, Spring City, PA 19475 (East Pikeland Township). The large site is currently zoned R-2, but the township is willing to provide a zoning variance, depending on the proposed development plan to develop this property i.e. like a senior housing facility/age restricted housing and/or medical office building. There is also the potential to use this development site for a future mobile home park, since the property already has a few mobile homes located on the property and is licensed to have up to 6 mobile homes as of now. This Phoenixville, PA sub-market(East Pikeland Township) has seen a population increase of 13.74% since 2010 and is only likely to see an even larger increase in the years to come. According to PENNDOT, this site sees 15,000 cars that pass by it on a daily basis, and the property shares a property line with a newer single-family residential development called Kimberton Meadows, which was a development completed by NVR Inc., the parent company of Ryan Homes & a 331 unit Toll Brothers residential community of single-family homes and senior housing, called Kimberton Glen, was developed 1.00 miles east of this property for sale. Also, Lennar Homes is in the process of completing Magnolia Reserve, a brand new 200+ single-family home development directly across the street on Bonnie Brae Road from this subject property for sale; adding major value to this corridor on PA-Route 724. The property currently produces $11,500/Month in gross income and has an N.O.I. of $106,221 annually. Also, many solar energy companies have approached the Sellers to lease a portion of this 22.10 Acre parcel for a term of 20-years, which could created a greater annual return on the investment for an investor. It is also worth noting the the public water company, P.A. American Water Company has also approached the Sellers to initiate talks to sell a small 3-4 Acre portion of this 22.10 Acre parcel to them so they can erect an new water tower to supply greater water pressure to the new Lennar Homes development across the street and pay multiple hundreds of thousands of dollars to the Buyer as a quick return on their investment if they buy this property. THIS PROPERTY WILL HAVE ACCESS TO BOTH PUBLIC WATER & PUBLIC SEWER UTILITIES IN NEAR FUTURE ONCE EAST PIKELAND TOWNSHIP HAS COMPLETED THEIR AMENDMENT TO THE ACT 537 PLAN, WHICH WILL EXTEND THE PUBLIC WATER 7 PUBLIC SEWER LINES WESTWARD ON PA-ROUTE 724. There is currently a brand new public water line by PA American Water Co. approximately 12 inches from the property line on Bonnie Brae Road and the public sewer line is approximately 45 feet from the eastside property line in Kimberton Meadows, which this service is provided by Valley Forge Sewer Authority, so it would be easy to connect to this existing line. Under its current R-2 zoning, the permitted uses are: A) Agricultural; B) Single-Family Detached Dwelling; C) Township Municipal use; D) No-Impact Home-Based Business; E) Forestry; F) Accessory Use on the same lot. Uses by Special Exception: A) Place of Worship; B) Non-commercial park; C) Major Home Occupation; D) Accessory dwelling unit. Conditional Uses: A) Personal Care Facility; B) Bed and Breakfast Facility; C) Age Restricted Housing Communities. Structures on Property: 15,946 SF multi-tenant industrial structure (with two tenants); five (5) single-family homes (three (3) pre-fabricated homes, two (2) small farm houses) Property Components: An easement for an inactive public gas-line; another easement for PECO power-lines; small stream in middle of property (best left for open space element of new development. Neighboring Properties: East = NVR, Inc.'s single-family home development called Kimberton Meadows; West = Zion Lutheran Church & brand new Lennar Homes 200+ single-family home community; South = farmland; North = Colonial Gardens' Gift & Floral Shop and a Split Rail Fence Store.