MLS® ID: PACT285958
598 SCHUYLKILL ROAD
PHOENIXVILLE, Pennsylvania, 19460 $339,900
Active Under Contract
This property offers potential for the right user with vision in the rapidly expanding and highly, economically desirable Phoenixville/Spring City market area. This property could be a unique live & work opportunity. The property is located just a stone throw to a new 300+ unit detached single family residential community supporting pricing in excess of $500,000. In addition, just to the east is a new mix use apartment and retail project in East Pikeland Township at Hares Hill Road and Rt. 724. The property is just outside happening downtown Phoenixville with its quaint shoppes and numerous brew pubs and restaurants. Over 15,000 cars a day ride by this property on Rt. 724 traveling between Phoenixville and Pottstown. Moving south from Rt. 724 is the Historic Village of Kimberton, the french creek with covered wood bridges and the Rt. 113 corridor. The property consists of approximately 1,900 square feet of main floor-grade level space that was formerly used for retail purposes. There is unfinished and studded/framed second floor area that would be perfect for a residential apartment or supporting office use to the main floor area below. There is unfinished basement area which has been recently water proofed. Supporting the main building are 2 garage- storage buildings. The larger is 34' wide by 28' deep with a single door access. The smaller garage is 28' wide by 20' deep also with a single garage door access. Both garages are unheated and provide ancillary income from potential garage rents if an owner can't use all the space. This property is located in the "MU" mixed use zoned district in East Pikeland which offers numerous use alternatives. Also this property is situated in a LERTA (Local Economic Revitalization Tax Assistance) overlay district which may qualify for improvement tax exemptions to the new owner.