Overview

  • Offering Price $7,600,000
  • Proposed Apartment Units 200
  • Proposed Commercial Space 12,670 SF
  • Proposed Parking Spaces 293
  • Proposed Building Size 201,212 SF
  • Lot Size ±5 Acres

Paradise Village Development Site is a ±5-acre property situated in Phoenixville, Chester County Pennsylvania, an affluent suburb of Philadelphia located along the highly sought-after French Creek waterfront. This fully approved site includes zoning approvals for 200 apartment units with ±12,670 square feet of commercial space.

The Borough of Phoenixville boasts a population of roughly 20,300 residents, and its growth is fueled by young professionals and families seeking a dynamic living environment. The town's strategic location, just 28 miles from Philadelphia and 9 miles from King of Prussia provides convenient access to metropolitan conveniences while maintaining a charming small-town atmosphere. Phoenixville is experiencing robust population growth, with an increase of over 10% (CoStar) in recent years.

Located in a vibrant and growing town, Paradise Village is within walking distance of the charming downtown area, known for its eclectic shops, restaurants, and cultural events. Residents enjoy easy access to scenic parks, direct connections to the Chester Valley Trail and the Schuylkill River Trail, and local attractions.

The ±5-acre development site is conveniently situated within a short drive of Routes 422, 202, and 30, and the Pennsylvania Turnpike (Interstate 76). As people discover Phoenixville’s unique charm, the demand for quality new construction continues to rise, positioning Paradise Village as a prime opportunity for a potential developer.

The Paradise Village Development Site presents an excellent opportunity to develop 200 apartment units with ±12,670 SF of commercial space in the highly sought-after Phoenixville, Chester County, Pennsylvania. 

Investment Highlights

  • — Approved Development Opportunity: ±5-Acre Site Fully Approved for 200 Apartment Units and ±12,670 SF of Commercial Space
  • — Abundant Neighborhood Amenities: Walkable Bridge Street Downtown District for Cafes, Restaurants, Boutiques, Entertainment, and the Colonial Theater
  • — Affluent Chester County Location: #1 Wealthiest County in Pennsylvania
  • — Access to Major Highways: Short Drive of Routes 422, 202, and 30, and the Pennsylvania Turnpike (I-76)
  • — Proximity to Major Employers: SEI Investments, Vanguard, Lockheed Martin, BNY Mellon, United Health Services, Phoenixville Hospital (Tower Health)
  • — Excellent Demographics: Average Household Income Over $130,000 within 5-Mile Radius