1132 W Main Street Norristown, PA $ 1,500,000
1132 W Main Street
$ 1,500,000
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1132 W Main Street

Norristown, PA, 19401
$ 1,500,000
Bedrooms-- Baths-- Sq 5,685

Monthly Estimate*

$ 9,471

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Commercial Property for sale in Norristown, PA

for $1,500,000. This 5,685 square foot building was built in 1910 on a lot size of 0.1.

how does this sound: Mixed-use apartment building now available for sale in Norristown. This 5,685-square-foot property features five licensed residential rental units in addition to first-floor a convenience store and a commercial space occupied by El Gordo Bros. The restaurant is a well-established local business serving authentic Mexican food as well as American Food. El Gordo Bros. took over the restaurant formally known as Alfredos, which was at this location for 50 years. The restaurant and convenience store occupies the entire first floor. The second floor includes three residential units: a two-bedroom apartment with a private outdoor deck and separately metered utilities, including heat and hot water, along with two efficiency units with separate electric meters. The third floor offers two additional licensed boarding-room units, all in good condition. All residential units and the restaurant are properly licensed. The building will meet all Municipality of Norristown requirements, including the latest fire-egress safety standards. Ideally situated at the western end of Norristown, just below the West Norriton Township line, this property offers a strong investment opportunity in a growing commercial corridor. Nearby national retailers and franchises include Chase Bank, Dunkin, McDonalds, Dominos, Royal Farms, Aarons, and more. Note: The Restaurant is owned by the Seller and there is a Lease in place. The current Restaurant Tenant is willing to remain in place after the sale. The Owner of the Restaurant will entertain any Buyers who are interested in purchasing the restaurant as well. The the purchase price includes the restaurant and convenience, store, businesses, and all equipment that isnt leased take advantage of this amazing opportunity with multiple sources of income in one of the areas fastest growing towns!

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Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 11,650

Style

Apartment Building,Restaurant/Bar,/General Retail

Lot Size

0.1

Year Built

1910

Town/City

Norristown

County/Region

Montgomery

MLS | Web ID

PAMC2188764

Features
Interior
Heating Fuel Natural Gas
Flooring Vinyl
Hot Water Natural Gas
Total Stories 3
Heating Y/N Y
Central Air Y/N N
Total Restrooms 1
Entry Level 1
Number of Elevators 0
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General
Sewer Public Sewer
Heating Hot Water
Cooling Other Ductless/Mini-Split
Possession Immediate
Roof Asphalt Rubber Shingle
Zoning COMM. OFFIC RETAL APTS
Security Features Main Entrance Lock Electric Alarm
Construction Materials Asphalt Brick Concrete Copper Plumbing Masonry Mixed Plumbing
Exclusions Tenants' personal belongings
Year Built 1910
Electric 200+ Amp Service
Property Subtype Mixed Use
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality NORRISTOWN BORO
Gross Income 151200.00
Business Type Apartment Building Restaurant/Bar Other/General Retail
Accessibility None
County MONTGOMERY
Net Operating Income 58441.00
Insurance Expense 7468.00
New Construction N
Property Type Commercial Sale
Subdivision Name NORRISTOWN
Water Access Y/N N
Status ACTIVE
Directions West on Main St. located on left corner of Main & Hamilton St.'s
City NORRISTOWN
Number Of Units Total 7
MLS Area Norristown Boro (10613)
Lot Size Units Square Feet
Lot Size Square Feet 4400.00
Tax Annual Amount 11650.0
Electric Expense 4080.00
Property Condition Very Good
Acceptable Financing Conventional Cash
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://homejab.vr-360-tour.com/e/4-4Bn2_XU8w/e
Location Type Corner Lot/Unit
Standard Status Active
Year Built Source Assessor
Tax Lot 024
Total Actual Rent 151200.00
Cap Rate 8.23
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking Driveway
Foundation Details Stone
Water View Y/N N
Building Area Total 0.00
Lot Dimensions 40.00 x 0.00
Lot Size Acres 0.10
Road Surface Type Black Top
Lot Size Source Assessor
Waterfront Y/N N
Road Responsibility Boro/Township
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1132
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* Excluded Features
List By
Coldwell Banker Realty

Broker

mmarchese@cbrealty.com

Email

Affordability Calculator

$10,442
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,471
Monthly Property Taxes
$971
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/24/2026$1,500,000 Listed Price

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1132 W Main Street, Norristown, PA, 19401 is a Commercial Property for sale at $1,500,000 with 5,685 sqft and a lot size of 0.1. 1132 W Main Street was built in 1910. The property's zip code is 19401 which is in Norristown, PA