374 Circle Of Progress

    POTTSTOWN, PA 19464
    • $950,000
    • STATUS: Active
    • ON SITE: 187 days
    • ID#: 1002236042
    UPDATED: 55 min ago
    $950,000
    • 0
      BEDS
    • 1.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,800
      SQFT
    • $97
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1990
    County:

    School Ratings & Info

    School District:

    Description

    Another 422 opportunity ! ! ! The one office building in the Pottstown Airport Business Campus. This is a 2 story office bldg. w/ 4900 sq feet on each floor and a partial basement. New air conditioning August 2018. Property has 25 parking spots-the 11+ notation is Bright's deficient max for field.1.5 acre adjacent lot next door is also for sale (50K) for expansion and/or additional parking. 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.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-03-26T00:11:14.02.
    www.yourchestercountyhomesearch.com/homes/87666755

    374 Circle Of Progress POTTSTOWN, PA 19464

    • Price: $950,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 1002236042
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.15
    Acres
    9,800
    SQFT
    $97
    $/SQFT
    1990
    Built
    Neighborhood:
    Pottstown Boro (10616)
    County:
    Montgomery
    Area:
    Pottstown Boro (10616)
    School District:
    Pottstown
    Property Description
    Another 422 opportunity ! ! ! The one office building in the Pottstown Airport Business Campus. This is a 2 story office bldg. w/ 4900 sq feet on each floor and a partial basement. New air conditioning August 2018. Property has 25 parking spots-the 11+ notation is Bright's deficient max for field.1.5 acre adjacent lot next door is also for sale (50K) for expansion and/or additional parking. 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.
    Exterior Features

    Architectural Style Other Construction Materials ConcreteDryvit Garage YN No Location Type Suburban Other Structures Above Grade Parking Types Parking Lot Riparian Rights YN No Road Responsibility Boro/Township Roof Rubber Sign On Property YN Y Topography List Level Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 9800 Building Area Total 9800.00 Cooling Central A/C Fireplace YN No Flooring Carpet Heating Hot WaterBaseboard - Hot Water Heating YN Yes Net Square Feet 9800.00 Room List Master Bedroom

    Property Features

    Accessibility Features Chairlift Association YN No Business Type Professional/Office Central Air YN Yes Condo YN No Cooling Fuel Electric Cross Street Glasgow Existing Lease Type Gross Exterior Amenities Transport Public Transport NearbyAirport Heliport Heating Fuel Oil Hot Water Electric Incorporated City Name Pottstown Borough Lease Considered YN Yes Navigable Water YN N New Construction YN No Number Of Units Leased 1 Number Of Units Total 2 Original MLSNumber 300491030844:TREND Ownership Interest Fee Simple Possession Immediate Property Sub Type Office Rent Includes ElectricityHeatWaterSewerCommon Area MaintenanceLawn ServiceSnow Removal Sale Includes Land And Building Sale Type Standard Sewer Public Sewer Tax Annual Amount 19507.0 Tax Assessment Amount 348000.0 Tax Lot 024 Vacation Rental YN No Water Source Public Zoning F/O-Flex/Office Zoning Description Office Use Permitted.

    Listing courtesy of 422 Commercial Realty.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-03-26T00:11:14.02.
     
    Keller Williams Real Estate
    100 Campbell Blvd, Suite 106
    Exton PA, 19341