Investment Sale Opportunity 347 N. Pottstown Pike Pottstown, PA Partnership. Performance. FULLY LEASED 11,000 SF OFFICE BUILDING Well located and stabilized asset in the heart of Exton on Pottstown Pike > Less than one mile to the major shopping centers in Exton including: - Exton Square - Fairfield Place - Whiteland Towne Center - Main Street at Exton > Located immediately on Route 100 next to Target and other amenities > The Exton Train Station (SEPTA & Amtrak) is only 1.5 miles away > The asset is being offered at a 7.5% cap and at a price of $1,450,000 Scott Williams, Principal D 610.276.3147 C 610.721.9912 scott.williams@avisonyoung.com
Downingtown 5.3 Miles 14 Minutes Malvern 8.3 Miles 16 Minutes King of Prussia 16.6 Miles 24 Minutes Demographics 1 mile Philadelphia Airport 28.9 Miles 35 Minutes 5 miles 2017 Total Population: 6,933 94,000 2022 Population: 7,173 96,814 Pop Growth 2017-2022: 3.46% 2.99% Average Age: 38.90 39.60 2017 Total Households: 2,915 35,189 HH Growth 2017-2022: 3.57% 3.07% Median Household Income: $88,048 $106,364 Avg. Household Size: 2.30 2.60 Median Home Value: $339,839 $375,373 Median Year Built: 1981 1985 Philadelphia 20.6 Miles 40 Minutes
Site Aerial
Zoning: TC Town Center Mixed Use District Purpose Intent. It is the intent of this district to promote the development of a pedestrian-oriented central area within the Township which contains an integrated mix of residential, retail, office, entertainment, civic, institutional, and recreational uses which can serve as a community focal point. Goal. It is the goal of the Town Center to provide a clearly defined single location for the most intensive kinds of uses. The Town Center will encourage innovative planning techniques which will facilitate higher quality development with unified architectural and building schemes, pedestrianoriented walkways connecting buildings, unified landscaping and signage, and coordinated storm drainage and open space areas that are consistent with the Township Comprehensive Plan. Use regulations. A lot may be used or occupied for one or more of the following purposes. Conditional use review shall be required only where specifically stated or when the project exceeds one or more of the thresholds specified in 325-124A of this chapter. Group 1 - Residential Multifamily dwellings and townhouses. Life-care facility or personal care facility when authorized as a conditional use by the Board of Supervisors subject to 325-124 of this chapter, and the following conditions: The property upon which the facility is located must be contiguous and adjacent to a major arterial street and primary access must be located within the frontage of the property along and upon a major arterial street. The Township shall not issue any use and occupancy permit for such a facility until the applicant for such permit has documented, to the satisfaction of the Township, receipt of all pertinent approvals and licenses from the appropriate state agencies. Life-care facilities are further subject to the requirements of 325-45D of this chapter. Group II - nonresidential and mixed use. Office buildings. Hotels and motels. Personal services. Retail services. Eating and drinking establishment. Banks and other financial institutions and services. Fitness facility.
Medical services. Continuing education facility. Public place of amusement and motion-picture theater when authorized as a conditional use by the Board of Supervisors subject to 325-124 of this chapter, excepting that when such use is a sexually oriented business it shall be prohibited in the Town Center district. Vehicle fueling stations, when authorized as a conditional use by the Board of Supervisors, subject to 325-124 of this chapter and further subject to the provisions of 325-28.2 of this chapter. Adult or child day-care center, when authorized as a conditional use by the Board of Supervisors subject to 325-124 of this chapter and further subject to the provisions of 325-27 of this chapter. Mixed-use buildings, subject to the following conditions: A mixed-use building may contain any combination of uses permitted in Group II above, except a vehicle fueling station. A mixed-use building may contain multifamily residential dwellings in combination with any uses permitted in Group II above, except as noted herein, provided that no such residential dwelling units shall be permitted on the ground level of the building. Governmental facility. Recreational use as provided for in 325-22. Area and bulk regulations. The area and bulk regulations shall be based upon developable acreage unless stated otherwise. Where a project consists of multiple contiguous lots and is being developed according to an overall plan, the provisions of this section shall be applied as if those lots were a single lot and without regard to lot lines that separate lots in common ownership or control that comprise said project. Furthermore, the term "perimeter" in such cases shall be interpreted to mean the perimeter of the entire project tract as if the constituent lots of said tract were a single lot. The provisions of this section are subject to modification in accordance with the terms of Exhibit 4, Bonus Menu, of this chapter.[1] Where bonuses are employed, the Township shall determine whether they have been properly calculated and applied in the course of conditional use review; in the event conditional use review is not required, such determination shall be made during the land development review. Tract size (minimum): two acres (gross acreage). Total impervious coverage (maximum): 70% of net lot area. Building height (maximum): 60 feet. Minimum lot geometry requirements shall be as follows, except as may be modified for conditional uses:
Frontage: 250 feet. Width: 250 feet. Depth: 150 feet. Setbacks: Buildings and parking areas shall be set back from the PA Route 100 and US Route 30 rightsof-way at least 25 feet. A site element screen shall be provided within the setback and shall be continuous, except for sidewalks, driveway and road crossings, and permitted signage. Buildings and parking areas shall be set back from all dedicated street rights-of-way, other than PA Route 100 and US Route 30, at least 15 feet. A site element screen shall be provided within the setback and shall be continuous, except for sidewalks, driveway and road crossings and permitted signage. Parking areas (excluding garages and other parking structures) shall be set back from the side and rear property lines (or from the perimeter of the tract, other than streets, where the project involves multiple contiguous properties) at least 10 feet where the adjoining property is in the Town Center Zoning District and at least 15 feet where the adjoining property is not in the Town Center Zoning District. Buildings (including garages and other parking structures) shall be set back from side and rear property lines (or from the perimeter of the tract, other than streets, where the project involves multiple contiguous properties) at least 25 feet where the adjoining property is in the Town Center Zoning District and at least 50 feet where the adjoining property is not in the Town Center Zoning District. The following building separation distances shall apply to all Group I (residential) buildings within a development tract: Attached buildings: none required. Residential buildings shall be separated from all other buildings by at least 30 feet. The following building separation distances shall apply to all Group II (nonresidential and mixed use) buildings within a development tract: Attached buildings: none required. Buildings with Group II uses shall be separated from other buildings with Group II uses at least 20 feet. Buildings with Group II uses shall be separated from buildings with Group I uses at least 30 feet. Buildings with Group II uses shall be separated from buildings with Group I uses at least 30 feet. The following setbacks shall apply to all buildings:
Buildings shall be set back from all private cartways, drive aisles, and parking areas by at least 15 feet. No building setbacks are required from areas used exclusively for loading. Architectural design standards. All new construction, including exterior renovations of existing buildings, shall comply with the architectural design standards established by 281-67 of the West Whiteland Township Subdivision and Land Development Ordinance. Where no land development or conditional use approval is required for a proposed building or other improvement addressed by the said architectural design standards, the zoning permit application for said building or improvement shall be accompanied by documentation demonstrating compliance of the proposed construction with the said standards. Where a proposed building or other improvement addressed by the said architectural design standards requires conditional use approval but not land development review, the conditional use application for said building or improvement shall be accompanied by documentation demonstrating compliance of the proposed construction with the said standards. Where a proposed building or other improvement addressed by the said architectural design standards requires land development review, documentation of compliance with the said standards shall be as provided for in the Subdivision and Land Development Ordinance. The Township reserves the right to refer the documentation required hereabove to a Township Architectural Review Committee. avisonyoung.com 2017 Avison Young - Philadelphia LLC. All rights reserved. The information contained herein is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.