245-249 Bridge Street Phoenixville PA
10 Unit Mixed Use Property with Ability to Build 16 Additional Residential Units
Marketing description
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.
Investment highlights
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.
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