504 Chestnut StPottstown, PA 19464

This exceptional redevelopment opportunity in Pottstown, Pennsylvania, presents a unique chance to capitalize on the area's growing demand for residential units. Located at 504-512 Chestnut St and 512 Chestnut St, this property encompasses approximately 15,430 square feet of above-ground space, plus an additional 4,300 square feet of basement and support areas. The site includes two buildings: a 11,280+ square foot warehouse (with a 3,960+ square foot house and 1,280+ square foot basement) and a 3,750+ square foot concrete block structure. An additional 400+ square foot structure connects the two warehouse buildings. The property features two freshwater wells and is fully paved. Recent upgrades include the installation of natural gas (meter not yet set) and three-phase power availability on Chestnut Street. While the buildings are structurally sound, some cosmetic and roof repairs are needed, particularly on the warehouse's brick facade and the natural light roof. The property is zoned for Traditional Town Neighborhood use and is ideally suited for conversion into residential apartments or condominiums, aligning with the borough's vision for increased residential development. The asking price is $665,000, and the seller is open to various financing options, including partnerships and lease-to-own agreements. Property taxes reflect both parcels combined. This is a rare chance to acquire a substantial property in a desirable location with significant upside potential.