Opportunity Zones
Governors across the U.S. have the ability to designate 25% of their state’s low- to moderate-income census tracts as Qualified Opportunity Zones. In 2018, Pennsylvania Governor Tom Wolf designated all four census tracts in the City of Coatesville as Qualified Opportunity Zones. Click on the interactive map above to explore these areas.
Real Estate Investments
Historic change is underway in real estate markets across the U.S. as a result of the pandemic. In Coatesville, it’s boom time for real estate purchase, ownership, management, rental and sale.
Property
132 East Lincoln Highway
Owner: Mark Milanese
Size: 18,000SF
Mixed Use, FF Commercial, Upper Residential
Zoning: Central Business District/Mixed Use Overlay
Contact
Mark Milanese
50 Broad Street
Coatesville, PA 19320
484-883-1091
132east@gmail.com
720 East Chestnut Street
Owner: Mondre Boggs
Size: .24 acres
Zoning: Residential Neighborhood
Mondre Boggs
1007 Norwood House Rd
Downingtown, PA 19335
62 Woodland Avenue
Owner: Milton Baxter
Size: .57 acres
Zoning: Residential Neighborhood
Milton Baxter
26 Overhill Road, Coatesville, PA 19320
610-864-2635
mbaxterjr269@gmail.com
580 Black Horse Hill Road
Owner: Nathan Bookman
Size: 4.7 acres
Zoning: Residential Conservation
Nathan Bookman
484-883-1824
bookman180@gmail.com
190 West Lincoln Highway
Owner: Proudfoot Capital
Size: 2.1 acres
Zoning: Heavy Industrial
Adaptive reuse project with new construction/light manufacturing
David Wilson
Proudfoot Investments LLC
Bryn Mawr, PA
484-380-3013
dave@proudfootcapital.com
Train Station Redevelopment Project
Owner: Coatesville Redevelopment Authority
Address: 312-378 Fleetwood Street
Size: 2.5 acres
Zoning: Light Industrial/Mixed Use Overlay
Michael Kissinger, Pennoni
One South Church Street
West Chester, PA 19382
610-422-2457
mkissinger@pennoni.com
Gateway Mixed Use Development
119 E. Lincoln Highway
Size: Various buildings and land
Zoning: Central Business District/Mixed Use Overlay
Legend Properties, Inc.
580 W. Germantown Pike
Plymouth Meeting, PA 19462
610-941-4034
ddepetris@lpre.com
Business Investments
Thriving businesses are taking up residence in Coatesville, and the opportunity to invest in them has never been better.
H2O Connected, LLC
Business: The patented LeakAlertor products and technologies are the only reliable, automatic leak, overflow, and running toilet detection devices for the 300+ million tanked toilets in North America.
Investment Opportunity: Seeking accredited equity investors for final phase of enterprise solution development, inventory, and marketing/sales expenses to expand distribution.
Susan Springsteen
President
H2O Connected, LLC
susan.springsteen@nth-solutions.com
610-594-2191
LERTA
The Local Economic Revitalization Tax Assistance (LERTA) program allows for the graduated payment of tax assessments relative to any building or property improvements. The LERTA district overlay includes the central business district and provides an incentive for property improvements. More information is in the LERTA Ordinance. Here’s an example of the benefits:
- Current property tax assessment: $100,000
- After repair/improvement tax assessment: $150,000
- Tax payments continue at the base assessment level but the differential ($50,000 assessment value) is graduated over five years.
