Charming Mixed-Use corner property in Phoenixville, PA

Highlights

Description

KW Commercial is proud to present the opportunity to lease or purchase a charming three-story mixed-use corner property in Phoenixville, PA.​ This 11,500 SF property currently houses a ground floor restaurant with an existing 3-year lease, office availability on the second floor, and an additional basement area with an already well-established bar.​

The prospective purchaser can continue with the current use or potentially reimagine the property to accommodate residential rental units. The Phoenixville area has had recent developments in multifamily, senior housing, and other residential needs that show proof of concept and the growing need in the area.

The site is serviced by public water, gas, sewer, and electricity. The property is located in the heart of downtown with fantastic visibility while being located within a short walk to the bustling Bridge Street which is the main drag of Phoenixville.

With such close proximity to bars, restaurants, and entertainment, the site makes for a perfect infill development opportunity. For commuters with a car, the property is 9 miles away from King of Prussia with great arterial access to all parts of the Philadelphia regions surrounding suburbs. Over the last decade, Phoenixville has seen a massive resurgence due to its convenient transit-oriented location, surrounding employment opportunities, and the growth of its nightlife, entertainment, and restaurant industry. Phoenixville is ideal for millennials and young professionals as it has one of the highest area median income growths in the region. The continued new construction of apartment projects is a testament to the growing demand for density to keep up with population growth.

KW Commercial is proud to present the opportunity to lease a charming three-story mixed-use corner property in Phoenixville, PA. This 11,500 SF property currently houses a ground floor restaurant with an existing 3-year lease, office availability on the second floor, and an additional basement previously occupied by a private membership bar/club.

The site is serviced by public water, gas, sewer, and electricity. The property is located in the heart of downtown with fantastic visibility while being located within a short walk to the bustling Bridge Street which is the main drag of Phoenixville.

With such close proximity to bars, restaurants, and entertainment, the site makes for a perfect infill development opportunity. For commuters with a car, the property is 9 miles away from King of Prussia with great arterial access to all parts of the Philadelphia regions surrounding suburbs. Over the last decade, Phoenixville has seen a massive resurgence due to its convenient transit-oriented location, surrounding employment opportunities, and the growth of its nightlife, entertainment, and restaurant industry. Phoenixville is ideal for millennials and young professionals as it has one of the highest area median income growths in the region. The continued new construction of apartment projects is a testament to the growing demand for density to keep up with population growth.

Once the epicenter of the steel industry in the United States, Phoenixville has seen a revitalization of its "Main Street" over the past 10 years, boasting some of the best restaurants, breweries, and retail stores in Chester County. Embodying the "Live, Work, Play" phenomenon, Phoenixville has become a destination for all ages, brimming with nightlife, family activities, and true recognition of its industrious beginnings through the repurposing of many historic buildings.

With close proximity to Route 29, Route 422, Route 76, and the PA turnpike, Phoenixville is well-positioned for employees from some of the largest employers in Pennsylvania and provides easy access to Philadelphia.

Units for Lease