Mixed-Use Property with Retail
For Sale
$1,250,000
2933 E HIGH ST, Pottstown, PA 19464
Two-acre commercial tract combines vacant retail space, occupied apartments, and additional workshop and barn improvements.
Property Size10,400 SF
Lot Size2.00 Acres
Price / SF$120.19
Days on Market48
Property Features for 2933 E HIGH ST
General Information
Standard status
Active
Size
10,400 SF
Lot size
2.00 Acres
Property subtype
Multi-family
Zoning
Gateway Interchange
Site & Location
Road Frontage
300 ft
Traffic Count
16,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Land
Topography
level
Land Use
commercial, residential, mixed-use
Amenities
retail building
farmhouse
bank barn
pole building
Building Details
Buildings
4
Listing Agency:
Kelly Real Estate, Inc.
(610) 369-3600
Listed By:
Brian C Kelly
(610) 715-9762
Source:
360
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 3:37PM
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 Kelly Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This mixed-use property occupies a level, rectangular tract of approximately 2 acres and includes several distinct improvements. The 4,000-square-foot retail building is vacant and features a 40-by-100-foot open-span layout. A farmhouse converted during the 1990s contains four one-bedroom apartments, each with separate heat, electric, and central air service; all four units are occupied. Additional improvements include a historic bank barn and a heated 1,300-square-foot pole building with two overhead garage doors.
Gateway Interchange zoning supports a broad range of stated potential uses, including retail, professional and financial office, automotive sales and service, restaurants with drive-through or fast-food components, personal care, day care, preschool, and pet service or veterinary applications. The property offers more than 300 feet of frontage along High Street/Ridge Pike, with reported traffic exceeding 16,000 cars per day, and is located just off the Sanatoga exit of Route 422.
Gateway Interchange zoning supports a broad range of stated potential uses, including retail, professional and financial office, automotive sales and service, restaurants with drive-through or fast-food components, personal care, day care, preschool, and pet service or veterinary applications. The property offers more than 300 feet of frontage along High Street/Ridge Pike, with reported traffic exceeding 16,000 cars per day, and is located just off the Sanatoga exit of Route 422.
Key Highlights
- Approximately 2‑acre level, rectangular tract
- Over 300 feet of frontage on High Street/Ridge Pike
- Reported traffic of over 16,000 cars per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,640
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,152,800
$2.2M
Cap Rate 7%
$1,537,714
$1.5M
Cap Rate 9%
$1,196,000
$1.2M
Market Conditions
NOI Build-Up for 10,400 SF
Gross rent
$187.2K $18.00/SF
− Vacancy
−$15.0K −$1.44/SF
EGI
$172.2K $16.56/SF
− OpEx
−$64.6K −$6.21/SF
NOI
$107.6K $10.35/SF
Area
Montgomery County, PA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,152,800
Cap Rate 7%
$1,537,714
Cap Rate 9%
$1,196,000
Alternative Uses
Best Use
Multifamily LT 5
$2.16M
$1.89M – $2.52M
NOI $151,111 @ 7.0% cap · market cap 12.09%
Second Best
Apartment 5plus
$2.01M
$1.76M – $2.34M
NOI $140,507 @ 7.0% cap · market cap 11.24%
Theoretical Best
Specialty Retail
$5.98M
$5.23M – $6.98M
NOI $418,753 @ 7.0% cap · market cap 33.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
307
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-acre commercial tract combines vacant retail space, occupied apartments, and additional workshop and barn improvements.
Where is this mixed-use property located?
The property is located at 2933 E HIGH ST Pottstown, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 2‑acre level, rectangular tract; Over 300 feet of frontage on High Street/Ridge Pike; Reported traffic of over 16,000 cars per day
