318 Chestnut St Pottsville, PA 17901-8865
- Auto shops
- 1,349 SF
- 0.70 lot acres
Current Use by Public Records
- Auto shops
Property Details for 318 Chestnut St
- Year built
- 1919
- Construction
- FRAME
- Lot size
- 0.70 lot acres
- Property size
- 1,349 SF
- Property type
- Auto shops
- APN
- 18-08-0014.000
- APU
- 18080014000
Description
This exceptional mixed-use property at 318 Chestnut Street in Pottsville, Pennsylvania, presents a unique investment opportunity. The 15,424 square foot property sits on a 0.7-acre lot and includes a substantial commercial garage, along with two residential units. The garage, measuring 65x55 feet, boasts sixteen 16-foot high by 15-foot wide doors, ideal for accommodating large trucks and equipment. The garage floor is insulated, and ample parking is available on-site with 28 spaces. The property also features a sizable basement offering significant additional storage space. One residential unit is a four-bedroom, one-bathroom home that has undergone recent renovations. The second residential unit is a two-bedroom, one-bathroom home. The asking price is $624,900, translating to $42.14 per square foot. The property is zoned for commercial use, but potential buyers should consult with the township for specific zoning details. This fee-simple ownership opportunity offers a blend of commercial and residential income potential, making it an attractive investment in a desirable Pennsylvania location. The property was built in 1951 and consists of three units in total. This is a rare chance to acquire a well-established business with significant expansion potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $365,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $350,000
- Mixed-Use
- $300,000
- Hospitality
- $360,000
- Educational
- $355,000
- Residential Income
- $420,000
- Energy
- $380,000
- Income-Based Land
- $405,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Pottsville
- County
- Schuylkill
- State
- Pennsylvania
- Longitude
- -76.2106
- Latitude
- 40.6249
- CBSA code
- 39060
- CBSA name
- POTTSVILLE, PA MICROPOLITAN STATISTICAL AREA
