498 Nutt Rd, Phoenixville, PA 19460-3354
- Commercial real estate
- 7,429 SF
- 0.36 lot acres
Current Use by Public Records
- Pats Pizza & Bistro Phoenixville / Restaurant
- LightOn Therapeutic Yoga and Holistic Therapy / High School
- Katie S Tandon / Counselor / Child Psychologist
Property Details for 498 Nutt Rd
- Year built
- 1900
- Lot size
- 0.36 lot acres
- Zone code
- LC
- Property type
- Commercial real estate
- APN
- 1512 02420100
- APU
- 151202420100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 10, 2025 | $1,068,000 | Bekim Cocaj | Nji Realty 2 LLC | Deed | $854k · Wilmington Savings Fund Society Fsb |
| Sep 16, 2010 | $425,000 | Nji Realty 2 LLC | Pineville Phoenixville Assocs | Grant Deed | $320k · Fulton Bank |
Description
This exceptional turnkey restaurant opportunity is located at 498 Nutt Road, Unit 2, Phoenixville, PA. The property sits on a 0.36-acre lot at a high-traffic intersection, directly adjacent to a Walgreens, ensuring excellent visibility and accessibility. The building itself offers approximately 7,429 square feet of space. The main floor encompasses a fully operational restaurant with 46 interior seats and an additional 24 outdoor seats on a patio. All furniture, fixtures, and equipment are included in the sale price of $1,349,000, making this a truly seamless transition for a new owner. A significant advantage is the inclusion of a large walk-in cooler and freezer, essential for efficient restaurant operations. Furthermore, the third floor of the building generates passive rental income from a separate lease, adding to the overall investment potential. The property benefits from its location within a rapidly growing area, boasting a population of 96,000 people within a five-mile radius and average household incomes exceeding $138,000. This combination of a prime location, established business, and strong demographics presents a compelling investment opportunity in a thriving market. This turnkey operation is ready for immediate occupancy and continued success.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,593,000
- AI Estimate
- $971,000
Market price range: $896k - $2.21MMarket price range: $620k - $1.38M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,510,000 Current use
- RESTAURANT
- $1,895,000 Change: +25% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,585,000 Change: +5% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,410,000 Change: -7% Conversion: Moderate
- OFFICE BUILDING
- $1,365,000 Change: -10% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Phoenixville
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.5274
- Latitude
- 40.1288
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
