379 Cherry StPottstown, PA 19464

379 Cherry Street, Pottstown, PA presents a unique investment opportunity within a Qualified Opportunity Zone (QOZ). This expansive property encompasses a 28,478 square foot building, formerly an Italian Social Club, now adaptable for flexible or multi-use purposes. The building sits on a sizable 0.38-acre lot, providing ample space for parking – a planned 36 spots. Currently, the property features five commercial spaces, four of which are vacant, presenting significant potential for redevelopment. The existing structure offers a solid foundation for a variety of uses, from continued commercial operations to a potential conversion into residential apartments, given the substantial square footage and lot size. The strategic location in Pottstown, PA, combined with the QOZ designation, offers compelling tax advantages for investors seeking both immediate and long-term returns. The substantial vacant space allows for customization to suit a wide range of business needs or residential conversion plans. This property is an exceptional opportunity for entrepreneurs and investors looking for a versatile and strategically located asset in a thriving community. The existing infrastructure and ample parking make this a highly attractive proposition for a variety of commercial or residential projects. The large lot size also offers potential for future expansion or additional development. Serious inquiries are encouraged to explore the full potential of this remarkable property.