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245-247 Bridge Street 245 Bridge St 9,080 SF 100% Leased Retail Building Phoenixville, PA 19460 $2,999,999 ($330.40/SF) 7.22% Cap Rate
INVESTMENT HIGHLIGHTS
- 10 unit mixed use property
- Tremendous location in the heart of vibrant Phoenixville
- Approvals for the construction of 16 additional residential units
EXECUTIVE SUMMARY
FOR SALE — PRIME MIXED-USE INVESTMENT WITH APPROVALS
245–249 Bridge Street, Phoenixville, PA
A rare opportunity to acquire a fully stabilized mixed-use property in the heart of Phoenixville’s thriving downtown corridor — with approvals in hand to add 16 new residential units.
This offering includes three contiguous buildings comprising:
6 fully leased residential units
4 well-maintained mixed-use units
Strong rental history with consistently full occupancy
What truly differentiates this asset is its development upside. Current ownership has already secured by-right approvals for the construction of 16 additional residential units, allowing a future total of 26 units on site. All necessary professionals are already engaged, and the next owner simply needs to complete renderings and final plans for municipal sign-off.
Highlights:
Trophy location on Bridge Street in downtown Phoenixville
Stable, well-maintained 10-unit mixed-use income property
By-right approvals for 16 additional residential units
Design team and consultants already in place
Ideal value-add and long-term hold opportunity in one of the region’s fastest-growing walkable districts
Perfect for investors, developers, or owner-operators seeking scalable mixed-use assets with built-in upside.
245–249 Bridge Street, Phoenixville, PA
A rare opportunity to acquire a fully stabilized mixed-use property in the heart of Phoenixville’s thriving downtown corridor — with approvals in hand to add 16 new residential units.
This offering includes three contiguous buildings comprising:
6 fully leased residential units
4 well-maintained mixed-use units
Strong rental history with consistently full occupancy
What truly differentiates this asset is its development upside. Current ownership has already secured by-right approvals for the construction of 16 additional residential units, allowing a future total of 26 units on site. All necessary professionals are already engaged, and the next owner simply needs to complete renderings and final plans for municipal sign-off.
Highlights:
Trophy location on Bridge Street in downtown Phoenixville
Stable, well-maintained 10-unit mixed-use income property
By-right approvals for 16 additional residential units
Design team and consultants already in place
Ideal value-add and long-term hold opportunity in one of the region’s fastest-growing walkable districts
Perfect for investors, developers, or owner-operators seeking scalable mixed-use assets with built-in upside.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,080 SF
Building Class
C
Year Built
1900
Price
$2,999,999
Price Per SF
$330.40
Cap Rate
7.22%
NOI
$216,614
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.99
Lot Size
0.21 AC
Zoning
CMX - Commercial Mixed Use
Frontage
18’ on Bridge St
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $376,530 | |
| Land Assessment | $119,160 | Total Assessment | $495,690 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$119,160
Improvements Assessment
$376,530
Total Assessment
$495,690
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245-247 Bridge Street | 245 Bridge St
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