24 Robinson St Pottstown, PA 19464-6440
Property Lookup
Property profile & analytics
24 Robinson St Pottstown, PA 19464-6440
- Office buildings
- 13,060 SF
- 2.59 lot acres
Property ID
US73-1982773
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Pottstown Public Welfare / Social Service Agency / Charitable Organization
Property Details for 24 Robinson St
- Year built
- 2003
- Lot size
- 2.59 lot acres
- Property size
- 13,060 SF
- Zone code
- FO
- Property type
- Office buildings
- APN
- 16-00-24719-00-6
- APU
- 160024719006
Description
This exceptional investment opportunity presents two single-tenant office buildings totaling 22,062 square feet, strategically located in Pottstown and Lehighton, Pennsylvania. Both properties are 100% occupied under long-term leases with the Commonwealth of Pennsylvania, specifically the Department of Human Services (DHS), providing crucial services to the community. The Pottstown location, built in 2003 and renovated in 2021, sits on 2.59 acres and is zoned Flex Office (FO) and Highway Commercial District (C-3). The Lehighton property, constructed in 2006 and also renovated in 2021, occupies 2.02 acres and shares the same zoning. The properties benefit from new 10-year lease extensions executed in 2019 and 2020, commencing in early 2021. These leases include annual CPI rent adjustments, capped at a 5% increase, safeguarding the owner's return. The Lehighton lease expansion in 2021 incorporated the Department of Health, adding 1,160 square feet and requiring significant leasehold improvements, including a separate entrance, waiting room, reception area, and two exam rooms. The combined portfolio boasts a strong NOI of $318,657, an 8.07% cap rate, and an asking price of $3,950,000 ($179.04 per square foot). This is a rare chance to acquire a stable, high-performing asset with a secure tenant and significant long-term growth potential. The properties serve as essential community hubs, with the Lehighton location being the only such center in Carbon County and the Pottstown location one of only two in Montgomery County.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,135,000 Current use
- MEDICAL BUILDING
- $2,060,000 Change: -4% Conversion: Easy
- RESTAURANT
- $1,835,000 Change: -14% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $1,815,000 Change: -15% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pottstown
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.6633
- Latitude
- 40.2568
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,568
$0.00
$0.00
$791,343
-
$0.00
$0.00
$791,343
