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256 E High St
Pottstown, PA 19464
256-260 E High Street · Retail Property For Sale
·
5,259 SF Total
Investment Highlights
- Anchored by Tompkins, publicly traded bank - Top 3 Location by deposits
- Main and Main location in quickly developing Pottstown Borough
- Value-add opportunity through immediate and near term rent adjustements
- Immediately adjacent to large public parking lot
Executive Summary
- Fully leased 3-tenant mixed-use investment: 7,818 SF at 100% occupancy on Pottstown's High Street corridor
- 8.20% cap rate on in-place NOI of $56,895 at the $695,000 asking price (approx. $89 PSF)
- Bank-anchored: Tompkins Bank & Trust on site since 2014, leased through 01/2028 with two renewal options
- Anchor credit: branch holds $130.5M in deposits, the 3rd largest of Tompkins' 16 Pennsylvania branches (FDIC, 6/30/25); parent Tompkins Financial Corp. (NYSE American: TMP) reports $8.7B in total assets
- Diversified rent roll with staggered terms and below-market inline rents offering upside at rollover
- Downtown Pottstown momentum: documented residential and institutional development activity driving corridor demand
- Surrounded by ample public parking
- (spare) Rare sub-$700K bank-anchored offering suited to private and first-time investors seeking day-one yield
- 8.20% cap rate on in-place NOI of $56,895 at the $695,000 asking price (approx. $89 PSF)
- Bank-anchored: Tompkins Bank & Trust on site since 2014, leased through 01/2028 with two renewal options
- Anchor credit: branch holds $130.5M in deposits, the 3rd largest of Tompkins' 16 Pennsylvania branches (FDIC, 6/30/25); parent Tompkins Financial Corp. (NYSE American: TMP) reports $8.7B in total assets
- Diversified rent roll with staggered terms and below-market inline rents offering upside at rollover
- Downtown Pottstown momentum: documented residential and institutional development activity driving corridor demand
- Surrounded by ample public parking
- (spare) Rare sub-$700K bank-anchored offering suited to private and first-time investors seeking day-one yield
Property Facts
| Price / SF | $132.15 / SF | Number of Properties | 2 |
| Cap Rate | 8.20% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 5,259 SF |
| Status | Active | Total Land Area | 0.38 AC |
| Price / SF | $132.15 / SF |
| Cap Rate | 8.20% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,259 SF |
| Total Land Area | 0.38 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 258 E High St, Pottstown, PA 19464 | Retail | 3,059 SF | 1920 | - |
| 256 E High St, Pottstown, PA 19464 | Retail | 2,200 SF | 1920 | - |
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