Anthony Michael - Coldwell Banker Hearthside
374 Circle Of Progress Dr
POTTSTOWN, PA 19464

Description

Another 422 opportunity ! ! ! The one office building in the Pottstown Airport Business Campus. This is a 2 story office bldg. w/ 4800 sq feet on each floor and a partial basement. New air conditioning August 2018. 1.5 acre adjacent lot next door is also for sale (50K) for expansion and/or additional parking. Second floor 4800 sq feet tenant-occupied through April 2019. Owner occupies first floor and will move out or possibly lease back. Owners got tax assessment lowered several years ago and if analyzed you will see taxes on this property at least 10k lower then neighboring properties. Property is located in a new 2018 designated area called an Opportunity Zone and as such, self-designated "Qualified" corps/prtnrshps/LLC's can invest capital gains and exclude or defer taxes on these monies depending on how long the monies stay invested in the Opportunity Zone. The IRS rules are 1400Z-1 & 1400Z-2 and you should refer your client to his/her accountant for further explanation.

Details

MLS#1002236042
StyleIndustrial
Sub-TypeResale
StatusActive
Year1990
Days On Site124

Features

SQ Feet9,800
Story(s)0
ZoningIO

Market Activity 19464

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Area Information

StatePA
CityPOTTSTOWN
Zip Code19464
AreaPottstown Boro (10616)
Listing VS Median (in 19464)
Price:
$950,000
low | high
Med:
$151,000
100% of Average
SqFt:
9,800
low | high
Med:
1,441
100% of Average
$ / SqFt:
$97
low | high
Med:
$105
41.495020567002% of Average
On Site:
124
low | high
Med:
72.5
100% of Average
Listing Updated: 12/15/2018
MLS Number: 1002236042
Listing Provided By:
James Watters  of  422 Commercial Realty

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