Mixed-Use Building with Office
1020 Pottstown Pike Chester Springs, PA 19425
1020 Pottstown Pike, Chester Springs, PA, 19425
Contact for pricing
For Sale
Contact for pricing
Two first-floor office suites are currently vacant, with two second-floor apartments including renovated kitchens.
Property Size2,480 SF
Price / SF$250
Days on Market111
Property Features for 1020 Pottstown Pike
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Property subtype
- Mixed Use, Multifamily, Office
Building Details
- Year Built
- 1974
Listing agency
Lieberman Earley & Company
Listed by
Phil Earley, CCIM · License #PA
Source
Crexi
Added: Apr 3 Updated: Jul 21 at 1:30PM Checked: Jul 21 at 1:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lieberman Earley & Company
Investment Insights
Based on property information with market context.
This mixed-use property features two office suites on the first floor, currently vacant. The second floor includes two apartments with renovated kitchens; one apartment is occupied and the other is used by the owner as an office that will be vacant at settlement.
The building is listed for sale as a combined office and residential income asset.
With separate floor-level uses, the current configuration offers clear space division between the office suites below and the apartments above.
The building is listed for sale as a combined office and residential income asset.
With separate floor-level uses, the current configuration offers clear space division between the office suites below and the apartments above.
Key Highlights
- Year built 1974
- Two first‑floor office suites currently vacant
- Two second‑floor apartments—one occupied and one used as an owner office (vacant at settlement)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.6k | $26.04 |
| − Vacancy | −$12.6k | −$5.08 |
| EGI | $52.0k | $20.96 |
| − OpEx | −$13.0k | −$5.24 |
| NOI | $39.0k | $15.72 |
2,480 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$557.0K
$487.4K – $649.8K
NOI $38,990 @ 7.0% cap · market cap 6.29%
Second Best
Mixed Use
$543.0K
$475.1K – $633.5K
NOI $38,008 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$751.9K
$657.9K – $877.2K
NOI $52,634 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Remes Richard a CPA
Accounting Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Two first-floor office suites are currently vacant, with two second-floor apartments including renovated kitchens.
Where is this live-work space located?
The property is located at 1020 Pottstown Pike Chester Springs, PA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Year built 1974; Two first‑floor office suites currently vacant; Two second‑floor apartments—one occupied and one used as an owner office (vacant at settlement)
