Excellent investment opportunity! 342 Nutt Road consists of three residential units, with the potential to convert back to office or retail. Also included is a 12-car surface parking lot, which is a rare find in the Boro! The Rear Unit, which is a detached house currently being used as the owner’s residence, was beautifully converted from an office in 2016. Enter the home from a covered porch into an open concept living room and kitchen. Kitchen upgrades include an expansive, granite island, butcher block counter tops, undermount lighting, and stainless-steel appliances. Accessible from the kitchen is a spacious closet housing a washer, dryer, and extra storage. Down the hallway towards the back of the house is the primary bedroom suite. No detail was missed with upgrades such as an en-suite bathroom with a large, glass enclosed shower and granite-topped double vanity. The bedroom also has a generously sized walk-in closet, designated office space, and door to a private, fully fenced yard. Across the parking lot, fronting Nutt Road, the Twin holds two other rental units with long-term tenants in place. Lease expirations are 1/31/23. Unit A, located on the first floor of the Twin, has two bedrooms, one full bathroom, an eat-in-kitchen, and living room. This unit also has access to the unfinished basement with a washer/dryer hookup. From a separate entrance, Unit B is located on the second floor of the Twin. It has two bedrooms, one bathroom, galley-style-kitchen, living room, and washer/dryer hookup. Both units share the backyard space containing a patio area, lawn, and vegetable garden. Conveniently located in downtown Phoenixville, occupants are walking distance to local shops, restaurants, schools, and public SEPTA bus transportation. Showings require 24-hour’s notice.
Multi-familyProperty Type
1910Year Built
0.26 acresLot Size
$227Est. Price/Sq.Ft.
12 spacesParking
Listed by Bethann Antonuccio• BHHS Fox & Roach Wayne-Devon
•610-651-2700 (broker)
Bought with Marcelo Munoz• Keller Williams Realty Devon-Wayne
As the MLS and public records start to fill up, we'll list the details here.
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Multi-Family (2-4 Unit)
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Chester County
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Last updated by owner on Apr 9, 2023.
CD
Corridor Development District
The Corridor Development District consists of mostly detached single family houses fronting both sides of Nutt Road. Heavy traffic along Nutt Road/Route 23 has made this area less desirable for residential use, and many buildings have been converted for retail and office use. Future non-residential development should respect the residential character of the streetscape and incorporate the use of existing alleys for access to limit the need for new access curb-cuts along Nutt Road.