Renovated Corner Office/Retail
377 E High St Pottstown, PA 19464
New
377 E High St, Pottstown, PA, 19464
$499,000
For Sale
$499,000
Corner office/retail building with 20 deeded parking spaces, stoplight visibility, and two renovated tenant spaces.
Property Size2,314 SF
Price / SF$215.64
Days on Market2
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
(610) 223-4720
Listed by
Mark A Chaknos · License #RM424424
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 6:34PM Checked: Jul 22 at 6:34PM
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, well-maintained corner office/retail building has been divided into two tenant spaces. One space features a spacious lobby with 20-foot ceilings, individual work stations, a drive-through window, an electrical closet, and an ADA-compliant bathroom. Its second-floor level includes a separate work space and bathroom, arranged as an executive office or private area that overlooks the lobby.
A second tenant space includes a welcoming lobby, a main working area with sitting countertops, a rear closet for storage, and an ADA-compliant bathroom. The property is highlighted by 20 deeded parking spaces and excellent visibility with a stop light, with a stated daily traffic count of 7,200 vehicles. The building sits in the heart of Pottstown’s downtown redevelopment district, surrounded by retail, restaurants, and bars, and is described as approximately 1.5 miles from both US 422 and PA Route 100 (Pottstown Pike).
A second tenant space includes a welcoming lobby, a main working area with sitting countertops, a rear closet for storage, and an ADA-compliant bathroom. The property is highlighted by 20 deeded parking spaces and excellent visibility with a stop light, with a stated daily traffic count of 7,200 vehicles. The building sits in the heart of Pottstown’s downtown redevelopment district, surrounded by retail, restaurants, and bars, and is described as approximately 1.5 miles from both US 422 and PA Route 100 (Pottstown Pike).
Key Highlights
- Corner office/retail building built in 1976 with 20 deeded parking spaces
- Stoplight visibility and daily traffic count of 7,200 vehicles
- Recently renovated former bank building divided into two tenant spaces
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 | $60.3k | $26.04 |
| − Vacancy | −$11.8k | −$5.08 |
| EGI | $48.5k | $20.96 |
| − OpEx | −$12.1k | −$5.24 |
| NOI | $36.4k | $15.72 |
2,314 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$519.7K
$454.8K – $606.3K
NOI $36,380 @ 7.0% cap · market cap 7.29%
Second Best
Retail
$373.6K
$326.9K – $435.9K
NOI $26,153 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$701.6K
$613.9K – $818.5K
NOI $49,111 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commonwealth Auto Tags
Vehicle Inspection Center
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FAQs
What type of property is this?
Office units - Corner office/retail building with 20 deeded parking spaces, stoplight visibility, and two renovated tenant spaces.
Where is this office units 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: Corner office/retail building built in 1976 with 20 deeded parking spaces; Stoplight visibility and daily traffic count of 7,200 vehicles; Recently renovated former bank building divided into two tenant spaces
