110-206 Sowers Avenue, Mont Clare, PA

KW Commercial proudly presents for sale this stable mixed-use property, located at 110-206 Sowers Avenue, in Mont Clare, PA 19453. These adjoining 1.044 Acre (45,473 SF) properties are located right off the busy corridor of PA-Route 29 and is within walking distance to both downtown Phoenixville, PA & the Schuylkill River Walking Trail. This commercial property is located only 0.50 miles to the main retail strip in downtown Phoenixville, which offers it more walkability for the future owner(s) and is so close to a main thoroughfare of PA-Route 29 that sees 9,500 Vehicles Per Day (VPD). The St. Mike’s Club building was originally built in 1890, but it is not on any National Registry for Historical Properties, so it can be completely redeveloped to the new owner’s liking. The property has 233 feet of frontage on Sowers Avenue, which allows for great visibility to this property with access to both public sewer and public water on-site. The property also has a very sizable parking lot, which can hold more than 40 vehicles and provides enough space to hold outdoor events for the operator of this bar.
There is one main structures on the larger parcel totaling 3,200 SF. A two-story mixed-use free-standing structure with a full basement consisting of two income producing residential apartment units on the second floor & a 1,800 SF private club bar on the ground floor. There are two adjoining parcels that make up this sale, the first parcel is a 0.3828 Acre land parcel on the front of the site; then a second larger rear parcel, which is 0.6612 Acre, which includes the 3,200 SF mixed-use private club bar on it. Upon the sale being completed, the Seller will no longer operate the private club bar on the property. As you read on Page 5, many upgrades have been made to the property over the years of ownership. The sale can also includes all bar equipment, inventory, and furnishings; as well as a Montgomery County C-Type Liquor License is also included with this sale. There is also plenty of room to expand this property in the future! The property currently receives rental income from the private club bar operator, the two tenants in the second floor apartments, annual membership dues and a portion of the income on the jukebox, touchscreen poker machines and snack machines. A microbrewery end-user could expect to receive the same revenue streams from this property as it currently has with increases made.
The property is zoned VP-Village Preservation within Upper Providence Township, which is located in the far south region of Montgomery County.in Pennsylvania. The VP zoning allows for limited Permitted Uses, by-right, such as single-family detached homes, two-family twin/duplex homes, multi-family units within an existing structure(s). There is an opportunity for an investor to redevelop this property and add value to it as a site for a dozen attached townhome lots or a new microbrewery.
This property is in close proximity to over 1,4000 new and in-progress large, luxury, residential Apartment/Single Family Home/Townhome developments; as well as 2.5 miles to Providence Town Center; 0.50 miles to downtown Phoenixville; 2.10 miles to U.S.-Route 422 & 1.50 miles to PA-Route 23. The Phoenixville, PA submarket has seen a population growth of 18.64% since 2010 and is only expected to grow further in the years to come, so this is why this is such a strong investment opportunity.