Address
374 Circle Of Progress Pottstown, PA
Price
$ 950,000
Property Attributes
  • MLS#1002236042
  • TypeCommercial
  • CountyMONTGOMERY
  • CityPottstown
  • AreaPottstown Boro
  • Zip19464
  • Style
  • Year Built1990
  • Taxes20524
  • Price$ 950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9800
  • Lot Size1.15 Acres
Listing Provided Courtesy Of:
422 Commercial Realty
Property Description

Another 422 opportunity ! ! ! The one office building in the Pottstown Airport Business Campus. This is a 2 story office bldg. w/ 4900 sq feet on each floor and a partial basement. New air conditioning August 2018. Property has 25 parking spots-the 11+ notation is Bright's deficient max for field. 1.5 acre adjacent lot owned by same seller could be purchased for expansion and/or additional parking. Owner occupies first floor and will move out or possibly lease back. Owners got tax assessment lowered several years ago and if analyzed you will see taxes on this property at least 10k lower then neighboring properties. Property is located in a new 2018 designated area called an Opportunity Zone and as such, self-designated "Qualified" corps/prtnrshps/LLC's can invest capital gains and exclude or defer taxes on these monies depending on how long the monies stay invested in the Opportunity Zone. The IRS rules are 1400Z-1 & 1400Z-2 and you should refer your client to his/her accountant for further explanation.

Price History
8/14/2018 Listed $950,000

General Features

Accessibility Chairlift
Business Type Other
Cool Fuel Electric
County MONTGOMERY
Flooring Carpet
Location Type Suburban
MLS Area Pottstown Boro (10616)
New Construction No
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 96.94
Property SubType Office
Property Type Commercial Sale
Tax Year 2020
Total Units 2
Vacation Rental Y/N No
Zoning F/O-FLEX/OFFICE
Zoning Description Office use permitted.

Interior Features

Central Air Y/N Yes
Cooling Central A/C
Heating Hot Water, Baseboard - Hot Water
Heating Fuel Oil
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 9800.00
Construction Materials Concrete, Dryvit
Exterior Amenities Public Transport Nearby, Airport Heliport
Lot Dimensions 204 x 194
Lot Size Acres 1.15
Lot Size Source Assessor
Lot Size Square Feet 50050.00
Navigable Water Y/N No
Number of Buildings 1
Roadresponsibility Boro/Township
Roof Rubber
Sewer Public Sewer
Total Garage and Parking Spaces 25
Type of Parking Parking Lot
Water Access Y/N No
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19464

Price
AVG $180K
$950K
Taxes
AVG $4,467
$20,524
Visits
AVG 17
20
Year Built
AVG 1943
1990

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