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Key Details
Sold Price $875,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 9,800 sqft
Price per Sqft $89
MLS Listing ID 1002236042
Sold Date 09/24/20
HOA Y/N N
Originating Board TREND
Year Built 1990
Annual Tax Amount $20,524
Tax Year 2020
Lot Size 1.149 Acres
Acres 1.15
Lot Dimensions 204 x 194
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 owned by same seller could be purchased 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.
Location
State PA
County Montgomery
Area Pottstown Boro (10616)
Zoning F/O-FLEX/OFFICE
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Heating Hot Water, Baseboard - Hot Water
Cooling Central A/C
Flooring Carpet
Fireplace N
Heat Source Oil
Exterior
Garage Spaces 25.0
Water Access N
Roof Type Rubber
Accessibility Chairlift
Road Frontage Boro/Township
Total Parking Spaces 25
Garage N
Building
Sewer Public Sewer
Water Public
Additional Building Above Grade
New Construction N
Schools
School District Pottstown
Others
Tax ID 16-00-22842-281
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with MONICA RUBIO • BHHS Fox & Roach-Collegeville