Vincent Motel 3585 Schuylkill Rd 10 Room Hotel Spring City, PA 19475 $650,000 ($65,000/Room) 24.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy traffic daily
- flexible uses
- open space
EXECUTIVE SUMMARY
Being sold As-is where-is, (See MLS -Commercial Sale)
GC permitted uses attaches as well as zoning map. GC requires 40% impervious coverage, 36 ft. high. A Local Excavation Company Has also provided a resonable tear down Quote. (also attactched fee schedule and 2020 Inspection report) 7 EDU's come with building (please confirm with twnshp.) See attached documents.
OPPORTUNITY KNOCKS! 1 acre High Density Commercial space. Zoned GC- General Commercial. This Property functioned and was used as a 10-unit motel with office and 2nd floor owners suite, on a 1.1 acre parcel. Originally, 18 parking spots . It has been vacant for over 4 years. No Financials are available. Building needs full renovation, and access is not available. EV Township is Eager to work with new development and has plans to increase commercial development throughout the corridor. Recent Community upgrades and Improvements have increased Density, Desirability and Exposure. Many New Luxury Residential home Developments have been and still are being built within a mile. Township zoning and requirements attached, along with a Taredown quote and EV Fee schedule. Bring a Vision. Commercial 1st level, residential on top, Retail, Intututional, etc. (see permitted Uses) Check with Township on possible uses. Great Location! Loads of Potential! Right on 724 with Accessibity to 100, 422, 113, 202, and 176. Close to Phoenixville, Valley Forge, Philadelphia Outlets, King of Prussia, Philly and Reading. Schedule today!
GC permitted uses attaches as well as zoning map. GC requires 40% impervious coverage, 36 ft. high. A Local Excavation Company Has also provided a resonable tear down Quote. (also attactched fee schedule and 2020 Inspection report) 7 EDU's come with building (please confirm with twnshp.) See attached documents.
OPPORTUNITY KNOCKS! 1 acre High Density Commercial space. Zoned GC- General Commercial. This Property functioned and was used as a 10-unit motel with office and 2nd floor owners suite, on a 1.1 acre parcel. Originally, 18 parking spots . It has been vacant for over 4 years. No Financials are available. Building needs full renovation, and access is not available. EV Township is Eager to work with new development and has plans to increase commercial development throughout the corridor. Recent Community upgrades and Improvements have increased Density, Desirability and Exposure. Many New Luxury Residential home Developments have been and still are being built within a mile. Township zoning and requirements attached, along with a Taredown quote and EV Fee schedule. Bring a Vision. Commercial 1st level, residential on top, Retail, Intututional, etc. (see permitted Uses) Check with Township on possible uses. Great Location! Loads of Potential! Right on 724 with Accessibity to 100, 422, 113, 202, and 176. Close to Phoenixville, Valley Forge, Philadelphia Outlets, King of Prussia, Philly and Reading. Schedule today!
PROPERTY FACTS
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 10 | $60.00 | - |
PROPERTY TAXES
| Parcel Number | 21-05D-0017.0000 | Improvements Assessment | $153,190 |
| Land Assessment | $82,150 | Total Assessment | $235,340 |
