231-233 Bridge St Local commercial 1 858 m² 100 % Loué À vendre Phoenixville, PA 19460 2 812 225 € (1 513,53 €/m²)

231-233 Bridge Street stands out as a prime investment opportunity for savvy owner/operators in the heart of downtown Phoenixville, PA. The property features a spacious 10,000 square foot ground-floor restaurant, currently housing PJ Ryan’s Pub. This premium space, complete with a valuable liquor license, will be delivered vacant, providing a turnkey opportunity for a new operator. Above the restaurant, seven mixed-unit apartments present an enticing avenue for revenue growth. Currently, rents are under market and offer room for strategic rent adjustments and modest cosmetic upgrades, positioning the property for increased profitability.
The strategic location, adjacent to the historic Colonial Theatre, a 658-seat venue entrenched in Phoenixville's culture, amplifies the property's appeal. Positioned along Bridge Street, the epicenter for food and beverage establishments, this property benefits from an exceptionally low vacancy rate of less than 1% along Bridge Street. As the area experiences exponential growth in retail, restaurants, and bars, it continues to solidify its status as a thriving market for food and beverage. Phoenixville, recognized as one of the fastest-growing suburbs in the Philadelphia market, is a live/work/play destination. The recent 7% increase in property values underscores its economic vitality.
Driven by proximity to major employment hubs and ongoing residential development, Phoenixville is witnessing a surge in demand for housing. With over 3,000 proposed or delivered housing units, the current supply struggles to meet the growing demand.
Anticipated infrastructure developments further enhance the town's appeal. In the throes of an of an urban renaissance, Phoenixville, with its rich history, attracts a diverse crowd from across the Philadelphia Metropolitan Statistical Area (MSA). This property not only offers a unique investment in a high-demand location but also aligns with the broader economic trends shaping Phoenixville's growth. The opportunity to own a strategic piece of real estate in this dynamic market positions potential buyers for long-term
success.