365 Prospect Avenue & 325 Holstein Street Bridgeport, PA 19405 133 Ivy Lane, King of Prussia, PA 19406 Tel. 610-768-4000 Fax 610-768-4006 Suzanne L. Basile, CCIM [email protected]The foregoing information was furnished to us by sources which we deem to be reliable, but no warranty or representation is made as to the accuracy thereof. Information is subject to errors, omissions, change of price, prior sale or withdrawal without notice. SALE - $498,000.00 2 buildings on 10,366 S/F (.24 Acres) Lot 5,016 s/f contractor’s shop building w/ warehouse on 1 st fl. & offices on 2 nd fl. 1,955 s/f office space and 3,061 warehouse space with 12’–14’ ceiling height, a 10’x12’ drive-in door and a 8’x8’ drive-in door. One powder room in the warehouse and 2 powder rooms in the offices. The building was built in 1900. Taxes: $3,536.00 3 story, 3 unit apartment building 3,859 s/f. two 2-bedroom apts & one 1-bedroom Total income is $29,700.00 annually. Built in 1900. Taxes are $4,366.00 annually. Zoning is R-2 Residential District for both properties w/ a non- conforming use in effect. Walking distance to numerous retail, restaurant and banking amenities Surrounded by residential communities with access to labor pool Separately Metered Utilities Corner property with adjacent Parking 365 Prospect Avenue 325 Holstein Street
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365 Prospect Avenue & 325 Holstein Street · 365 Prospect Avenue & 325 Holstein Street Bridgeport, PA 19405 133 Ivy Lane, King of Prussia, PA 19406 Tel. 610-768-4000 Fax 610-768-4006
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365 Prospect Avenue & 325 Holstein Street
Bridgeport, PA 19405
133 Ivy Lane, King of Prussia, PA 19406Tel. 610-768-4000 Fax 610-768-4006
Suzanne L. Basile, CCIM
[email protected] foregoing information was furnished to us by sources which we deem to be reliable, but no warranty or representation is made as to the
accuracy thereof. Information is subject to errors, omissions, change of price, prior sale or withdrawal without notice.
SALE - $498,000.002 buildings on 10,366 S/F (.24 Acres) Lot
5,016 s/f contractor’s shop building w/ warehouse on 1st fl. & offices on 2nd fl.1,955 s/f office space and 3,061 warehouse space with 12’–14’ ceiling height, a 10’x12’ drive-in door and a 8’x8’ drive-in door. One powder room in the warehouse and 2 powder rooms in the offices. The building was built in 1900. Taxes: $3,536.00
3 story, 3 unit apartment building 3,859 s/f. two 2-bedroom apts & one 1-bedroom Total income is $29,700.00 annually. Built in 1900. Taxes are $4,366.00 annually. Zoning is R-2 Residential District for both properties w/ a non-conforming use in effect.
Walking distance to numerous retail, restaurant and banking amenitiesSurrounded by residential communities with access to labor pool
Separately Metered UtilitiesCorner property with adjacent Parking
365 Prospect Avenue 325 Holstein Street
Confidentiality & Conditions
This is a confidential brochure intended solely for your limited use and benefit in determining whether you desire to express any further interest in purchasing the Property.
This Brochure was prepared by J.M Basile & Associates, Inc. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that prospective investors may desire. It should be noted that all financial projections if provided are for general reference purposes only in that they are based on assumptions relating to the general economy, competition, and other factors beyond the control of Owner. Neither J.M Basile & Associates, Inc. nor any of their respective officers, have made any representation or warranty, expressed or implied, as to the accuracy or completeness of this Brochure or any of its contents.
Owner and J.M Basile & Associates, Inc. expressly reserves the right, at their sole discretion, to reject any or all expressions of interest or offers to invest in the Property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this Brochure or making an offer to invest in the Property unless and until written agreement(s) for the investment has been fully executed, delivered, and approved by Owner and any conditions to Owner's obligations thereunder have been satisfied or waived.
By receipt of this Brochure, you agree that this Brochure and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence, and that you will not disclose this Brochure or any of its contents to any other entity without the prior written authorization of Owner or J.M. Basile & Associates, Inc. nor will you use this Brochure or any of its contents in any fashion or manner detrimental to the interest of Owner or J.M Basile & Associates, Inc.
If, after reviewing this Brochure, you have no further interest in investing in the Property at this time, kindly return this Brochure to J.M Basile & Associates, Inc. at your earliest convenience. Photocopying or other duplication is not authorized.
This Brochure shall not be deemed an indication that there has been no change in the business or affairs of the Property or owner since the date of preparation of this Brochure.
Income321 Holstein Street 629 s/f $800.00 mo. / $9,600.00 per year / Lease exp. 12/31/18. 323 Holstein Street 1st fl. 1,085 s/f $850.00 mo. / $10,200.00 per year / month to month323 Holstein Street 2nd/3rd fl. 1,020 s/f $825.00 mo. / $9,900 per year / Lease exp. 6/30/19. Total: $2,475.00 X 12 = $29,700.00
Tenants pay Gas & Electric (321 – all electric)Owner pays water, sewer & trash removal
NOT TO SCALE
Floor Plan
Floor Plan
Property Information
365 Prospect AvenueTax ID: 02-00-03980-005 / Block 26 / Unit: 64Building Size: 5,016± sq. ft.Lot Size: 2,100 sq. ft. ( .05 Acres) Rectangular lotParking: subject has no driveway or parking area. The paved parking area
for 325 Holstein Street is utilized.Zoning: R-2 Residential District w/ non-conforming use as the building pre-
dates current zoning ordinances.Land Use: 3221 Ind: Multi-Sty Whse/Mfg, {15,000 s.f.Utilities: Public water/sewer/electricConstruction: Masonry and woodRoof: Gable and shed style with composite coveringsElectric: Adequate single service with multiple subpanelsHVAC: The office area is heated and cooled with multiple electric fired
systems. A supplemental electric baseboard in 2nd fl. corridor
1,955 s/f office space (39%) and 3,061 warehouse space 12’–14’ ceiling height clear under beam, a 10’x12’ drive-in door (electric) and a 8’x8’ drive-in door. One powder room in the warehouse and 2 powder rooms in the offices. The building was built in 1900. Taxes: $3,536.00. No storage permitted in parking lot, all vehicles must be tagged.
3,859 s/f. two 2-bedroom apts & one 1-bedroom. Total income is $29,700.00 annually. Built in 1900. Taxes are $4,366.00 annually.
Map and Aerial View
Tax Map
Zoning Map
MUNICIPALITY INFORMATION
Located in Montgomery County, 18 miles north of Philadelphia on the Schulykill River, the borough of Bridgeport is home to a population of 4,544 people as of the 2010 census. The population density is 6,679.9 people per square mile. There are 2,088 housing units at an average density of 3,190.9 per square mile.
Former industries that prospered in Bridgeport included paper, flour, cotton, woolen mills, steel works, and brickyards. During the American Revolutionary War, General George Washington and the Continental Army passed through Bridgeport on their way to their winter encampment at Valley Forge.
The Bridgeport bridge is a Historic American Engineering Record-documented Philadelphia & Western Railway bridge spanning the Schulykill River west of DeKalb Street. It is a single-track curving structure that was built in 1912. The structure, including trestle approaches and spans over the river, has been believed to be “perhaps the longest bridge on an American interurban railroad.”
The Future Looks Very Bright for Bridgeport
Bridgeport Borough is poised for a significant commercial and residential development renaissance. Located in the heart of Montgomery County along the Schuylkill River, Bridgeport is a town of about 4,600 residents nestled between the County seat of Norristown and the commercial metropolis of King of Prussia. Bridgeport is a quiet bedroom community that still offers families the opportunity to find reasonable property values while also residing in the excellent school district of Upper Merion. Bridgeport is easily accessible by road and rail: it hosts state routes 23 and 202, serviced by the SEPTA Bus Route and Norristown High-Speed Rail Line, and just minutes away from I-76, 276, 476, and 422.
Furthermore, Bridgeport Borough Council and Administration are striving to create a more business-friendly atmosphere within the community. Bridgeport officials are beginning to work with Montgomery County to attempt to identify opportunities to attract outside business, while cultivating relationships with local business owners who have been instrumental in much of Bridgeport’s recent growth.
It is no secret that this part of Montgomery county is poised to undergo a major “facelift’ in the next several years – with continued commercial and residential construction and redevelopment moving up the Schuylkill, ongoing efforts to connect the whole of Southeastern Pennsylvania via trails, and the potential expansion of the Septa High-Speed Line. In recent years, the nearby municipalities of Conshohocken, West Conshohocken, Phoenixville, and west Norriton have all experienced commercial and residential growth centered around their Schuylkill River Waterfont, and Bridgeport is soon to follow. O’Neill Properties Group has conditional approval to build Bridgeview, a 575-unit residential development that will consist of both townhomes and apartments. Bridgeview stands to potentially increase Bridgeport’s population by 25-30% once constructed, and this increase in overall population will aid in rebranding Bridgeport as a more viable and intriguing option for regional commercial development.
Bridgeport will also play host to a portion of the Chester Valley Trail, a
22-mile-lomg paved trail that will connect Chester County’s Stubbler trail to Montgomery county’s Schuylkill River Trail. Included in the Chester Valley Trail is the “Bridgeport Loop”, a trail spur that will take bikers and hikers through the heart of Bridgeport’s commercial district. Construction on the trail has a projected 2018 start date.
The future looks very bright for Bridgeport, a small town with a large and friendly business community. We welcome you to come experience it for yourself!
The Borough of Bridgeport encourages you t0 visit the brand-new Bridgeport Business Association website. Here, visitors will find links to Bridgeport’s business community, as well as information on upcoming community events, borough news, and more. www.bridgeportboroughbusiness.com