$254,900
$249,900
2.0%For more information regarding the value of a property, please contact us for a free consultation.
2,641 SqFt
SOLD DATE : 01/04/2024
Key Details
Sold Price $254,900
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,641 sqft
Price per Sqft $96
MLS Listing ID PAMC2086412
Sold Date 01/04/24
Originating Board BRIGHT
Year Built 1885
Annual Tax Amount $3,527
Tax Year 2022
Lot Size 3,037 Sqft
Acres 0.07
Lot Dimensions 18.00 x 0.00
Property Description
This Mixed-Use gem, situated in the coveted Central Business (CB) zone, features a three-bedroom apartment and approximately 780 square feet of versatile ground floor retail/office space.
Under the current local ownership, this property thrives as a rental asset, with the owner covering water/sewer utilities and property taxes and tenants paying for natural gas, electricity, cable/wifi, lawn care, and snow removal. The current tenants have short-term leases and are interested in staying, but that will be a decision for the new owner.
Royersford has recently experienced a notable economic surge, welcoming over 30 new businesses to the Borough in the past three years. In the Central Business District, all refurbished commercial spaces are fully occupied, highlighting the local demand. Three-bedroom apartments in similar buildings command monthly rents ranging from $2,200 to $2,595, with virtually no current vacancies.
Nestled in the heart of Downtown Royersford's vibrant business district, this property enjoys proximity to a diverse array of restaurants and storefronts. Its strategic location also boasts high visibility, as evidenced by an average daily traffic count of over 16,800 vehicle trips. It occupies a prime spot in a pedestrian-friendly retail neighborhood, complemented by Royersford Borough's growing market, which still has numerous untapped opportunities in various retail and office categories.
Don't miss out on this extraordinary property poised to deliver impressive returns in an up-and-coming area of Royersford!
Property is tenant occupied. Do not show up without an appointment and do not go into the retail store without a showing appointment. 24 hours notice required.
Location
State PA
County Montgomery
Area Royersford Boro (10619)
Zoning CB
Interior
Hot Water Natural Gas
Heating None
Cooling Central A/C, Window Unit(s)
Flooring Solid Hardwood, Vinyl
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Rubber,Shingle
Accessibility None
Parking Type On Street, Other
Garage N
Building
Foundation None
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Spring-Ford Area
Others
Tax ID 19-00-02372-003
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Standard
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Bought with Jennifer Daywalt • Better Homes and Gardens Real Estate Phoenixville
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”