About 19 Washington
19 N Washington Street is a unique mixed-use investment property offering multiple established revenue streams under one roof, along with meaningful opportunity for future growth. Extensively rebuilt inside in 2020, the property features 8 residential efficiency units, restaurant space, an operating laundromat, garage and additional storage areas, creating a diversified income-producing asset with multiple avenues for revenue.
The residential component provides an established rental base, while the commercial spaces add valuable diversification. The on-site laundromat was upgraded with all new Speed Queen commercial machines just a few years ago, offering an additional income stream with equipment already in place. Garage and storage areas provide further opportunities for rental income or operational use.
Beyond its current cash-flow-positive operations, 19 N Washington offers compelling value-add potential. Additional space may provide the opportunity to create up to 2 more residential units, while the laundromat, garage and storage components offer potential to further increase revenue through improved utilization and management. Any additional units, uses or improvements are subject to buyer verification and applicable Borough requirements.
With a significant interior rebuild completed in 2020, multiple existing income streams and additional upside still available, this is an opportunity to acquire a property that offers both current performance and future potential. Conveniently located in Pottstown with access to major routes, shopping, dining and the surrounding Montgomery County market. Whether adding to an existing portfolio or seeking a mixed-use asset with multiple paths to increased income and long-term appreciation, 19 N Washington Street deserves a closer look.
