34 S Main St

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.