Fully Approved Mixed-Use Redevelopment/Conversion

Equity CRE is pleased to present a unique opportunity to well-qualified investors to acquire Main Street Lofts, a mixed-use redevelopment site consisting of existing ground-floor retail and to-be-built loft-style apartments on the second and third floors.

34 S Main Street is in the heart of the Borough of Phoenixville on the corner of Main Street & Church Street, only one block from the center of town, Bridge Street. With roughly 20,300 residents, Phoenixville has seen recent growth fueled by young professionals and families. Conveniently located only 28 miles outside of Philadelphia and 9 miles from King of Prussia, the location provides access to metropolitan conveniences and job opportunities.

The current owners went through the zoning approval process and were approved for 22 loft-style units to be built on floors two and three, consisting of 11 units per floor. In addition, the ground floor has roughly 3,525 SF of retail space.

Ownership has received a grant for $300,000 for the conversion to apartments if they opt to classify a minimum of 15% (4 units) as affordable housing. Should the buyer want to use this grant, current ownership will work with them to ensure they can transfer the right to use the grant money.

Approved Redevelopment/Conversion: Fully approved for 22 loft style apartment units and 3,525 SF of commercial space

Walkable Neighborhood Amenities: Located A block from Bridge Street in downtown Phoenixville, the site is walking distance to cafes, restaurants, bars, boutiques and entertainment, including the Colonial Theater

Prominent Corner Location: Located at the corner of Main Street and Church Street in Phoenixville’s Town Center Zoning District

Proximity to Major Employers: Centrally located, Phoenixville is situated close to some of Philadelphia’s largest employers including Vangaurd, SEI Investments, Lockheed Martin, BNY Mellon, United Health Services, Phoenixville Hospital (Tower Health) and more