For Sale $7,750,000
Property Type Other
Units 21
Year Built 1971
Date Updated Apr 24, 2024
Website valleyforgeterrace.sharplaunch.com

Valley Forge Terrace is a mixed-use property consisting of two buildings in a highly unique location. This property consists of (8) two-bedroom/two-bath units, (7) one-bedroom/one-bath units, and (5) one-bedroom/one-and-one-half-bath units. In addition, there are (8) commercial spaces totaling 10,593 square feet.

In 2017-2018 current ownership converted all of Building #1 from office space to apartment units as well as the first floor in Building #2. Each floor in Building #1 consists of 5 apartment units. Building #2 has 5 apartment units on the first floor with 10,593 SF of fully leased office space on floors two and three. All of the commercial tenants have leases in place with structured rental increases.

The property is located in an extremely unique location as it is the only apartment building located directly next to Valley Forge National Historical Park. Offering over 35 miles of trails connecting people with the park's many key historic and interpretive sites, the Park is especially popular for walkers, joggers, and bikers.

The property has little to no deferred maintenance as every big-ticket item would have been addressed during the conversion in 2018. Residents enjoy units with modern finishes, in-unit washers and dryers, ample parking, and privacy in a wooded setting off from the main roads. Due to the many great perks and uniqueness of this asset, ownership has had minimal turnover ever since the conversion was completed in 2018.

Valley Forge Terrace is an excellent opportunity in highly sought-after Chester County with truly nothing else comparable to it. With the recent capital improvements and the modern finishes, a new owner can focus on increasing the apartment rents by 10% to 15% to meet the market comparables.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

Rental Upside: In-Place Rents 10% to 15% Under Market "As Is"
High Occupancy Submarket: 100% Leases/Occupied; 95% Submarket Occupancy Rate
Capital Improvements: Conversion/Renovations Completed in 2018; Minimal if Any Capital Expenditures Remain
Excellent Location: Convenient Access to Route 422, I-76, I-276 & I-476; Less than 15-Minute Drive to SEPTA Regional Rail (Paoli Station)
Strong Demographics: Average HHI at +$175,000 within 2-Mile Radius
Proximity to Shops, Parks & Recreation: Valley Forge National Historical Park as "Black Yard"; Minutes to King of Prussia Mall, King of Prussia Town Center & More

Contacts

Location

Getting Around

Walk Score ®
9/100 Car-Dependent
Bike Score ®
16/100 Somewhat Bikeable

Map
Street

City Phoenixville, PA
Zip Code 19460
Market Philadelphia

Points of Interest

Wayne

1.03 miles
Saint Davids

1.04 miles
Radnor

1.37 miles
Strafford

1.52 miles
County Line

1.72 miles
Matsonford

2.03 miles
Gulph Mills

2.05 miles
Hughes Park

2.17 miles
Villanova

2.34 miles
Devon

2.52 miles

Sunoco

1.05 miles
American Auto Wash

1.08 miles
Strafford Service Center

1.53 miles
Lukoil

1.58 miles
Sunoco

1.68 miles
Exxon

1.75 miles
Electrify America

1.94 miles
Lukoil

1.94 miles
Exxon

1.96 miles
BP

2.07 miles

Parking Lot - 18 Louella Ct

1.06 miles
Parking Lot - 16 Louella Ct

1.07 miles
Parking Lot- N Wayne

1.08 miles
Parking Lot - S Wayne

1.27 miles
Runnemede Ave Lot

1.30 miles
Highland st. parking lot

1.63 miles
Chester Valley Trail Parking

1.74 miles
Radnor Trail Parking

1.78 miles
Chester Valley Trail Trailhead

1.89 miles
North Campus Parking Garage

2.42 miles

Wayne Hotel

1.10 miles
Radnor hotel

1.37 miles
Motel 6 King Of Prussia, PA - Philadelphia

1.82 miles
Best Western Plus The Inn at King of Prussia

1.83 miles
Courtyard by Marriott

1.99 miles
Hampton Inn Philadelphia King of Prussia

2.16 miles
Bulgari

2.16 miles
Home2 Suites by Hilton King of Prussia Valley Forge

2.19 miles
Holiday Inn Express & Suites King Of Prussia

2.21 miles
the Alloy King of Prussia - a DoubleTree by Hilton

2.29 miles

Five Guys

1.01 miles
Taco Bell

1.05 miles
Così

1.06 miles
Jonnie's Dog House

1.07 miles
Spread Bagelry

1.08 miles
Paola's Cucina

1.09 miles
Real Pizza

1.09 miles
Teresa's Cafe and Next Door

1.10 miles
Margaret Kuo's

1.10 miles
Xilantro

1.13 miles

Cabrini College

0.29 miles
Valley Forge Military Academy

0.51 miles
Eastern University

0.64 miles
Eastern College

0.68 miles
Roberts Elementary School

1.13 miles
Radnor Elementary School

1.17 miles
Saint Katherines School

1.20 miles
Radnor Township Middle School

1.26 miles
Armenian Sisters Academy

1.27 miles
Lane Montessori School

1.34 miles

The West Hill School

3.13 miles
Berwyn United Methodist Nursery School

3.46 miles
Growing Together Daycare

4.56 miles
Chesterbrook Academy

4.56 miles
DeKalb Day School

4.91 miles
Chesterbrook Academy Preschool

5.76 miles
The Gateway School

5.82 miles
Episcopal Day School

6.06 miles
KinderCare

6.78 miles
Bright Horizons at Collegeville

7.27 miles

Frequently Asked Questions

What is the lease rate for Valley Forge Terrace?

Rental asking rate at Valley Forge Terrace is $3,875,000.00/YR.

What is the total square footage of Valley Forge Terrace?

Valley Forge Terrace totals 37,944 square feet.

When was this property built?

Valley Forge Terrace was built in 1971.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.