504 Chestnut StPottstown, PA 19464

This exceptional redevelopment opportunity encompasses two adjacent properties totaling approximately 15,480 square feet situated at 504-512 Chestnut Street in Pottstown, Pennsylvania's Traditional Town Neighborhood Zoning District. The combined parcels, previously listed at $1,000,000, are now offered at a significantly reduced price of $665,000. The main structure at 504 Chestnut Street (formerly 68 N Washington St) is a former warehouse building featuring approximately 11,280 square feet, plus a 3,960 square foot house with a 1,280 square foot basement. The adjacent building at 512 Chestnut Street is a 3,750 square foot concrete block structure. An additional 400 square feet of attached space connects the two warehouse buildings. The properties boast two freshwater wells and are fully paved. Recent upgrades include the installation of natural gas (meter not yet set) and three-phase power availability on Chestnut Street. While the structures are sound, some cosmetic and structural repairs are needed, including repainting and roof repair on the warehouse at 504 Chestnut Street. The second floor of the 512 Chestnut Street building requires floor repair. The property's zoning allows for residential development, aligning with the borough's desire for increased residential units, such as apartments or condos. A similar warehouse conversion project was completed nearby in 2016. The seller is open to various purchase options, including partnerships, financing, and cash offers, and is prepared to assist the buyer in achieving a profitable acquisition. Combined property taxes are reflected in the MLS listing.