205 E High Street

Description

21,000+ SF Adaptive Reuse & Redevelopment Opportunity | Downtown PottstownPositioned at a prominent corner in the heart of downtown Pottstown, 205 E. High Street offers a rare opportunity to acquire and reposition a substantial former bank building with distinctive architectural character and flexible redevelopment potential.Formerly occupied by PNC Bank, the property encompasses 21,000+ square feet, including the basement, which was previously utilized as office and kitchen space. The building features soaring ceilings, expansive open areas, an impressive two-story former banking hall, elevator service, multiple staircases, and several original bank vaults.The interior has been substantially opened, providing a flexible starting point for adaptive reuse. The building's scale and configuration may lend itself to a variety of potential concepts, including office, medical or laboratory, educational, nonprofit, event, hospitality, restaurant or brewery, creative space, or mixed-use redevelopment, subject to applicable zoning and approvals.A significant redevelopment incentive is available. Qualified purchasers may apply for up to $286,414 in low-interest rehabilitation financing through Pottstown Area Economic Development (PAED). A purchaser would submit a proposed scope of work to PAED for approval. Program requirements include competitive bidding and prevailing wage requirements, along with other applicable terms and conditions.Located along High Street in Pottstown's downtown district, the property is within walking distance of Montgomery County Community College, Steel River Playhouse, Borough Hall, restaurants, the Schuylkill River Trail, and ongoing public and private investment throughout the downtown area.For developers, investors, and owner-users prepared to undertake an adaptive reuse project, 205 E. High Street offers substantial scale, architectural character, available rehabilitation financing, and the opportunity to reposition a recognizable downtown property for its next chapter.Square footage includes basement space formerly utilized by the bank for offices and a kitchen. Buyer to independently verify square footage, permitted uses, financing eligibility, and redevelopment requirements. Showings by appointment only.