Renovated Office/Retail Building in
For Sale
$499,000
377 E High St, Pottstown, PA 19464
Recently renovated office/retail building in Pottstown's downtown redevelopment district.
Property Size2,314 SF
Price / SF$215.64
Days on Market144
Property Features for 377 E High St
General Information
Standard status
Active
Size
2,314 SF
Building Details
Year Built
1976
Listing Agency:
Keller Williams Platinum Realty - Wyomissing
Listed By:
Mark A Chaknos · License #RM424424
(610) 223-4720
Source:
Kandorre
Added: May 19
Changed: Oct 2
Last Checked: Oct 7 at 4:39PM
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 Keller Williams Platinum Realty - Wyomissing
Investment Insights
Based on property information with market context.
This recently renovated and well-maintained office/retail building is situated in the heart of Pottstown's downtown redevelopment district, surrounded by retail stores, restaurants, and bars. The corner property features 20 deeded parking spaces and excellent visibility with a stop light. The location benefits from a daily traffic count of 7200 vehicles. This former bank building has been divided into two tenant spaces. One unit includes a spacious lobby featuring 20-foot ceilings, individual work stations, a drive-through window, an electrical closet, and an ADA-compliant bathroom. The second floor of this unit offers a separate work space and bathroom, providing an executive office or private area overlooking the lobby. The second tenant space includes a welcoming lobby area, a main working space with sitting countertops, a rear closet for storage, and an ADA-compliant bathroom. The property is located approximately 1.5 miles from both US 422 and PA Route 100 (Pottstown Pike).
Key Highlights
- Prime location in Pottstown's downtown redevelopment district, surrounded by retail, restaurants, and bars.
- 20 deeded parking spaces**, a significant advantage in a downtown area.
- Excellent visibility** at a corner property with a stop light and high daily traffic count (7200 vehicles).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,380
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,600
$727.6K
Cap Rate 7%
$519,714
$519.7K
Cap Rate 9%
$404,222
$404.2K
Market Conditions
NOI Build-Up for 2,314 SF
Gross rent
$60.3K $26.04/SF
− Vacancy
−$11.8K −$5.08/SF
EGI
$48.5K $20.96/SF
− OpEx
−$12.1K −$5.24/SF
NOI
$36.4K $15.72/SF
Area
Montgomery County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,600
Cap Rate 7%
$519,714
Cap Rate 9%
$404,222
Alternative Uses
Best Use
Office B
$519.7K
$454.8K – $606.3K
NOI $36,380 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,173 @ 7.0% cap · market cap 18.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
Explore this area
Business Placement
Demographics for 19464, PA
48,409
Population
19,985
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
25.6 sq mi
ZIP Area
1,891
Density / Sq Mi
$76,338
Median Household Income
$44,888
Median Earnings
$1,226
Median Rent
$231,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Recently renovated office/retail building in Pottstown's downtown redevelopment district.
Where is this office building located?
The property is located at 377 E High St Pottstown, PA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Prime location in Pottstown's downtown redevelopment district, surrounded by retail, restaurants, and bars.; 20 deeded parking spaces**, a significant advantage in a downtown area.; Excellent visibility** at a corner property with a stop light and high daily traffic count (7200 vehicles).
