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245-247 Bridge Street 245 Bridge St 9,080 SF 100% Leased Retail Building Phoenixville, PA 19460 $2,600,000 ($286.34/SF)
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 and one vacant lot comprising:
5 fully leased residential units
4 well-maintained mixed-use units
Rental units are performing at an attractive CAP rate. The additional vacant lot (over $100k in value) and the substantial time and expenditures in pursuing the development approvals add additional value to the purchase price.
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 25 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 9-unit mixed-use income property with an additional vacant lot that can be utilized for future development or turned into parking
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 and one vacant lot comprising:
5 fully leased residential units
4 well-maintained mixed-use units
Rental units are performing at an attractive CAP rate. The additional vacant lot (over $100k in value) and the substantial time and expenditures in pursuing the development approvals add additional value to the purchase price.
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 25 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 9-unit mixed-use income property with an additional vacant lot that can be utilized for future development or turned into parking
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
$2,600,000
Price Per SF
$286.34
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
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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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