$4,840,000
$2,000,000
142.0%For more information regarding the value of a property, please contact us for a free consultation.
10,080 SqFt
SOLD DATE : 08/15/2024
Key Details
Sold Price $4,840,000
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Sold
Purchase Type For Sale
Square Footage 10,080 sqft
Price per Sqft $480
MLS Listing ID PACT2060850
Sold Date 08/15/24
Originating Board BRIGHT
Year Built 1969
Annual Tax Amount $35,125
Tax Year 2023
Lot Size 3.000 Acres
Acres 3.0
Lot Dimensions 0.00 x 0.00
Property Description
AUCTION: Discover prime commercial potential at 222 N Pottstown Pike, Exton—a 3.21-acre property nestled in West Whiteland Township, Chester County, Pennsylvania. Boasting TC Town Center Mixed Use District zoning, this vibrant locale is surrounded by major retailers, restaurants, and financial institutions, just 5 miles from West Chester and 25 miles northwest of Philadelphia. With public utilities readily available and a versatile range of permitted uses—including retail, office, dining, and residential offerings—this property presents an unparalleled opportunity for dynamic commercial development.
Featuring 5,900 square feet of service buildings, including a 5-bay garage, mechanical garage, 2-car garage, and salt shed, the property accommodates diverse operational needs. In addition, a portion of the parking lot is currently leased to a non-profit group on a month-to-month basis, enhancing community involvement and utilization of the space.
This property, along with 925 Old Valley Road, Exton is being offered for sale at auction on Thursday, May 2 at 2pm. In-person bidding is available in the Main Meeting Room at the West Whiteland Township Building, 101 Commerce Drive, Exton, PA. Online Bidding is also available. Please see all documents included in this listing. Phase I and Phase II Environmental Reports have been completed and is available below.
West Whiteland Township is currently having their new maintenance and storage facilities constructed. They are scheduled to be completed by the end of 2024. Once these facilities are constructed, they will no longer need the properties located at 222 N Pottstown Pike and 925 Old Valley Road. Settlement is to take place on or before July 15, 2024. Buyer's possession of the property transfers on January 1, 2025. During the interim period between settlement and possession transfer on January 1, 2025, West Whiteland Township will not be responsible for paying any rent to the purchaser.
Access to Miller Way - West Whiteland Township includes in the terms of sale that the township will allow access to and from Miller Way via the existing driveway. A legal easement or right-of-way will be created by the township by settlement and/or occupancy.
Location
State PA
County Chester
Area West Whiteland Twp (10341)
Zoning TC TOWN CENTER MIXED USE
Interior
Hot Water Other
Heating Hot Water
Cooling Central A/C
Equipment None
Heat Source Natural Gas
Exterior
Garage Spaces 70.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 70
Garage N
Building
Lot Description Road Frontage
Sewer Public Sewer
Water Public
New Construction N
Schools
School District West Chester Area
Others
Tax ID 41-05 -0030.020E
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Private
Listing Terms Cash, Private
Financing Cash,Private
Special Listing Condition Auction
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