34 E High St
Pottstown, PA 19464
Flex Property For Sale

This stabilized commercial retail or office property with an occupied second story residential apartment, is ideal for either securing a prime fully occupied retail asset or for a redevelopment opportunity on the main retail thoroughfare in the rapidly gentrifying downtown district of Pottstown, PA’s sub-market. This property is located at 32-34 E. High Street, Pottstown, PA 19464, and is 0.41 acre (17,645 SF). This commercial property is in the Borough of Pottstown, which is inside of historic and prominent Montgomery County. The commercial retail or office property is located at 34 E. High Street is a 9,181 SF building with a large surface parking lot in the rear of the property with approximately 20 parking spaces. The surface parking lot has just been newly paved and re-lined. On the second story of this 9,181 SF structure, there is an approximate 1,000 SF 3-bedroom apartment that is fully occupied and the residential tenant has been there since 2014. This second story apartment has their own entrance and its address is 32 E. High Street. The commercial tenant on the ground floor occupies the entire space and has been there since the early 2000’s. The current property owner started the medical supply company that is the current commercial tenant and then was bought out by a parent company that is now based in Oaks, PA. The 9,181 SF structure was originally built in 1900. There are 6,800 vehicles that drive by this property on a daily basis, according to PENNDOT. The 9,181 SF stucco and concrete block retail/office building is fully occupied on the ground floor by Royal Medical Equipment Co., a subsidiary of Adapt Health, which is headquartered in Oaks, PA. This commercial tenant supplies medial equipment to hospitals and care centers throughout the region. Their current three (3) year lease expires in August 2020 and there is another three (3) year renewal option available. The tenant that occupies the 1,000 SF second floor apartment is on a six (6) month lease term and their lease expires in October 2019, but this residential tenant has been there since April 2014 and has no plans to leave. The commercial building has two (2) truck loading docks, located on the east side of the building. With 56 feet of frontage along E. High Street, there is sufficient visibility by pedestrians walking by or vehicles that are driving by this property. The current property owner has done a terrific job of maintaining the property and it is a very clean property. The building has an to date HVAC system. The above ground water pump and the electric boxes are located in the basement of the building and this space is extremely clean! The property is zoned D (Downtown District) and all the permitted uses can be found on the pages to follow. This sub-market of Pottstown, PA has seen a population growth of 18.8% since 2010, showing an re-developing and improving sub-market that needs new retail space to support the new residents. This property sits only 900 feet to Pottstown Borough Hall; 2.3 miles to Pottstown Hospital; 1.2 miles to PA-Route 100; 1.4 miles to U.S.-Route 422; 1.5 miles to Coventry Mall; 1.8 miles to Upland Square shopping center (anchored by Target & Best Buy); 1.0 miles to Pottstown’s U.S. Postal Office; 1.0 miles to The Hill School; and it is in the heart of Downtown Pottstown Shopping District.