205 E High St, Pottstown, PA 19464

$679,900

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List Price
$679,900
Price Change
▼ $70,100 1776984246
Days on Market
282
Status
ACTIVE
MLS#
PAMC2161694
Lot Size (Acres)
0.17
Year Built
1857
County
Montgomery
School District
Pottstown

Property Description

**Iconic Downtown Pottstown Redevelopment Opportunity – Directly Adjacent to the Former Mercury Building Redevelopment** Positioned just off the prominent corner of High and Hanover Streets in the heart of downtown Pottstown, this landmark former bank presents a unique opportunity for redevelopment, adaptive reuse, or an owner-user seeking a highly visible downtown location. The property contains more than 21,000 square feet of gross building area and features soaring ceilings, expansive open areas, an impressive two-story former banking hall, elevator, multiple staircases, and several historic bank vaults that showcase the building's distinctive architectural character. Much of the interior has already been opened, providing a substantial canvas for a new owner to reimagine the property. Potential concepts could include office or corporate headquarters, educational or institutional use, medical or professional services, nonprofit headquarters, restaurant or hospitality concepts, brewery or entertainment use, creative space, or mixed-use redevelopment, subject to applicable zoning and approvals. **A Redevelopment Opportunity Next Door to Redevelopment** A significant advantage of this location is what is happening immediately next door. The property is directly adjacent to the historic former Pottstown Mercury building, which is planned for adaptive reuse into 25 market-rate apartments. The neighboring Mercury project is part of broader private investment occurring throughout downtown Pottstown. Additional residential and mixed-use redevelopment projects are underway along High Street and North Hanover Street, bringing new housing, commercial activity, and investment into the downtown core. For a developer considering the future of 205 E High Street, this creates an opportunity to acquire a substantial property immediately alongside another major adaptive-reuse project and participate in the continued evolution of downtown Pottstown. **Exceptional Downtown Position** With frontage along both East High Street and Hanover Street, the property offers excellent visibility and sits within Pottstown's walkable downtown business district. Restaurants, businesses, Borough Hall, Montgomery County Community College, Steel River Playhouse, and other downtown destinations are within walking distance. The building's scale, architectural character, highly visible location, and proximity to ongoing redevelopment make 205 E High Street an intriguing opportunity for an investor, developer, institution, or owner-user with the vision to transform one of downtown Pottstown's most recognizable commercial properties. Bring your architect, contractor, and imagination and explore the possibilities for this distinctive downtown property. 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.

Additional Information

Area
Pottstown Boro (10616)
Taxes
$10022
Stories
2
School District
Pottstown
Elementary School
Barth
Middle School
Pottstown
High School
Pottstown Senior
Flooring
Concrete
Heating
Forced Air
Heating Fuel
Electric
Cooling
None
Roof
Other
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Group. Contact: 6107925900

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