100 Porter Rd Pottstown, PA 19464
- Medical offices
- 28,126 SF
- 1.81 lot acres
Current Use by Public Records
- Emergency Dentist Pottstown / Emergency Dental Service
- 1st Family Dentistry / Dentist
- Dr. Monica K. Marwick, DDS / Dentist
- Dr. Gayatri Patel, DMD / Dentist
- Marwick Michael DDS / Dentist
Property Details for 100 Porter Rd
- Year built
- 1985
- Lot size
- 1.81 lot acres
- Property size
- 28,126 SF
- Zone code
- LCO
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 42-00-03657-00-9
- APU
- 420003657009
Description
This exceptional 19,136 square foot multi-family brick office complex presents a compelling investment opportunity in Pottstown, PA. Situated on a 1.81-acre lot, the property boasts a prime location in close proximity to Pottstown Hospital and numerous professional/medical buildings, ensuring high visibility and convenient access for tenants. Currently, 11 of the 17 units are occupied, demonstrating strong tenant demand and potential for immediate income generation. Several suites have undergone recent renovations, featuring modern upgrades such as LED lighting, fresh paint, and new flooring. All communal bathrooms on each floor have been completely renovated within the past year, enhancing the overall appeal and functionality of the building. Select units offer the added convenience of private restrooms and kitchenettes. The property also benefits from a recently repaved parking lot and professionally landscaped grounds, creating a welcoming and well-maintained environment for tenants and visitors. The asking price for this established and well-maintained office complex is $895,000, representing a significant opportunity for investors seeking a stable and potentially high-yield investment in a desirable location. The strong tenant base and recent improvements position this property for continued success and growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $985,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $785,000
- 6.5%
- $815,000
- 7%
- $825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $780,000
- Geo Method
- $895,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $770,000
- Retail
- $925,000
- Mixed-Use
- $730,000
- Hospitality
- $900,000
- Educational
- $715,000
- Residential Income
- $800,000
- Energy
- $785,000
- Income-Based Land
- $985,000
- Food Service
- $925,000
Location Insight
- Map
- Local Demand
- City
- Pottstown
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.6098
- Latitude
- 40.2421
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
