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MLS® ID: 7234247

374 CIRCLE OF PROGRESS

POTTSTOWN, Pennsylvania, 19464

$950,000 Active
  • - SQFT
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.
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Listing courtesy of 422 Commercial Realty

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19464
  • Office name
    422 Commercial Realty
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Commercial Sale
  • Zoning type
    F/O-FLEX/OFFICE
  • School district
    POTTSTOWN
  • Year built
    1990
  • Lot size
    1.15
  • Sewer
    Public Sewer
  • Heating
    Hot Water,Baseboard - Hot Water
  • Agent name
    James Watters
  • Purchase Type
    Active
  • Price Range
    $900k-$1m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1990-1999
  • Office ID
    422COMM
  • Agent ID
    3171587

Location

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