190 Paradise St Phoenixville, PA 19460

Property Details for 190 Paradise St

Lot size

3.79 lot acres

Zone code

FCE

Property type

Commercial land

APN

1508 00220000

APU

150800220000

Description

This exceptional development opportunity encompasses a 5-acre site in Phoenixville, Pennsylvania's desirable Chester County. Fully approved plans allow for the construction of a 200-unit apartment building, complemented by approximately 112,670 square feet of commercial space. The property boasts a total of 201,212 square feet across five stories in a single building. Situated in a thriving community with a population of roughly 20,300, Phoenixville offers a vibrant downtown area with diverse shops, restaurants, and cultural attractions. Residents will enjoy easy access to scenic parks, walking trails, and convenient connections to major roadways, including Routes 422, 202, and 30, as well as the Pennsylvania Turnpike (Interstate 76). The location provides convenient access to Philadelphia (28 miles) and King of Prussia (9 miles), offering residents the best of both worlds: a charming small-town atmosphere and proximity to major metropolitan conveniences. Phoenixville's robust population growth, exceeding 10% in recent years, underscores the strong demand for new housing. The property's location within walking distance of the downtown area and its proximity to major employers, including SEI Investments, Vanguard, and Lockheed Martin, further enhances its appeal. This development presents a compelling investment opportunity in a high-demand market, with an average household income exceeding $130,000 within a 5-mile radius. The asking price for this exceptional property is $7,600,000. The property's APN is 150800220000