$166.23 Per Sq Foot $5,073 est/mo Sourced by Back At You

1132 W Main St,Norristown, PA 19401

Norristown PA, 19401

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Description

Mixed-Use apartment building now For Sale. This 7 Unit building located in Norristown has 6 residential units and a commercial space occupied by a Restaurant that has been at this location for 45 years. Here is an opportunity to own a profitable investment property. In a town that is starting to see growth that it has not seen in many years! Alfredo's Restaurant takes up the entire 1st floor of this 5,685 sq. ft. Building. There are 6 licensed residential rental units plus the restaurant all on the premises. There is a 1st floor Efficiency apartment with tenant paying their own electric, 3 units on the 2nd floor, a 2 bedroom with an outside deck that also has all utilities including heat and hot water completely separate. There are 2 other 2nd floor Efficiency units also that have separate electric meters. On the 3rd floor there are 2 more units these are boarding room units in good condition. All units and the restaurant are officially licensed. The building will meet all of the Municipality of Norristown's requirements even Norristown's latest added Fire Egress Safety Requirement. The location of this property cannot be beat it is located on the very West end of Norristown just below the West Norriton Township line and only 1 mile from the center of Town where the new Justice Center is currently being built. Be a part of Norristown's amazing growth! It has been many years since you could look at Norristown from the Bridgeport side or any of the surrounding Townships and see 2 large Tower Cranes above its skyline! Come and join some of the Country's top franchises that have come to Norristown such as Chase Bank, Dunkin Donuts, McDonalds, Domino's, Royal Farms, Aaron's and others.Note: The Restaurant is owned by the Seller and there is a Lease in place, the current Restaurant Tenant will remain in place after the sale. The Owner of the Restaurant will entertain any Buyers who are interested in purchasing the restaurant as well.

Details

MLS#PAMC2103014
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1910
Days On Site48
Listing Provided ByColdwell Banker Realty | Michael J Marchese
Buying Commision20000 $
Listing Commission20000 $

Features

SQ Feet5,685
ZoningCOMM. OFFIC, RETAL, APTS
Acreage0.10

Market Activity 19401

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Learn More About This Property

StatePA
CountyMontgomery
CityNorristown
Zip Code19401
AreaNorristown Boro
Community NameNorristown
School DistrictNorristown Area
Elementary SchoolMarshall Street
Middle SchoolStewart
High SchoolNorristown
Listing VS Median (in Norristown)
Price:
$945,000
low | high
Med:
$242,500
100% of Average
SqFt:
5,685
low | high
Med:
2,345
100% of Average
$ / SqFt:
$166
low | high
Med:
$108
85.284691877661% of Average
On Site:
48
low | high
Med:
33.500000
100% of Average
Sourced by Back At You
Listing Updated: June 12, 2024 at 3:03:43 AM PDT