MLS® ID: 7234247
374 CIRCLE OF PROGRESS
POTTSTOWN, Pennsylvania, 19464 $950,000
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.