118 E MAIN ST Norristown, PA 19401

$530,000
118 E MAIN ST, Norristown, PA 19401
Call 1-800-839-1363
6597301

Commercial Property for sale in Norristown, PA

for $530,000. This building was built in 1877 on a lot size of 0.11 Acre(s).

Property Information

  • $530,000
  • Commercial
  • Taxes are $7,078
  • Other / Unknown
  • Active
  • Lot size of 0.11 Acre(s)
  • Built in 1877
  • Norristown, PA
  • Montgomery County
  • MLS/Web ID is 6597301

Description

ONE DOWN AND 2 TO GO. 122 E. Main St. just SOLD. Now the remaining 2 "Baer's Furniture Store, " parcels are available for purchase. Property consists of 2 parcels in downtown Norristown in the main commercial district, minutes from the SEPTA Mass Transportation Center, Rt. 202 and points north, east, south and west including main transportation routes, PA Turnpike, the Blue Rt. and Rt 100. This property is being sold together with adjacent parcel 120 E. Main ST. (separate tax parcels) for $530, 000. Each parcel may also be purchased separately as follows: Bldg 118 E. Main: $265, 000; Bldg 120 E. Main: $265, 000. Expansive, open showroom space in front of building with warehouse space and courtyard in between buildings 118 & 120. Property expands from the front of E. Main St. to the back at Lafayette St. Property is part of the reconstruction of Main and Markley Sts. in downtown Norristown, designed to improve traffic and bring commerce back to this well-situated area. Heavy traffic count, approximately 16, 000 average daily traffic volume. Zone "TC, " many uses apply including retail, office, mixed use, apartments, institutional. Great opportunity for redevelopment and courtyard makes it ideal for apartments. Asking $9.00/SF to lease and willing to negotiate. Business is available for sale. See agent for details. Check with Norristown Zoning for uses.

Interior 5

Flooring

  • Carpet(s)
  • Other
  • Tile Flooring
  • Vinyl Flooring
  • Wood Floors

Heating System

  • Hot Water Heater: Gas
  • Oil

Interior

  • Walls: Plaster
  • Walls: Unfinished

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 5

Exterior

  • Other

Foundation

  • Concrete

Lot Description

  • Level/Flat

Parking

  • Off Street Parking
  • Public Lot

Roof

  • Flat Roof

Miscellaneous 6

Acceptable Finance

  • Conventional

Accessibility

  • Handicap Parking

Commercial

  • Sale Includes Building & Land

Location

  • Downtown
  • Office Park
  • Urban

Other

  • Copper Plumbing
  • Galvanized Plumbing

Utilities

  • Cable
  • Electric
  • Gas
  • Other
  • Phone
  • Water

Rental 2

Rent Includes

  • Common Area Maintenance

Tenant Pays

  • Cable
  • Electric
  • Gas
  • Heating
  • Hot Water
  • Janitorial
  • Sewer
  • Snow Removal
  • Taxes
  • Trash
  • Water

† Excluded Feature

Neighborhood & Schools

School District: Norristown

 See complete school information

Listed By

Broker: APTCOR COMMERCIAL

118 E MAIN ST, Norristown, PA, 19401 is a Commercial Property for sale at $530,000 with a lot size of 0.11 Acre(s). 118 E MAIN ST was built in 1877. The property's zip code is 19401 which is in Norristown, PA

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Pricing History

Date Price Price Change Description
1/8/2016 $530,000 -24.29 % Price Change
6/20/2015 $700,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Norristown $289,014 45 % below $234,900 56 % below
Commerical listings in Norristown $450,983 15 % below $352,450 34 % below
Sold listings in Norristown $140,367 74 % below $140,000 74 % below

Get the facts about Norristown, PA!

Population 33,666
Population Growth (since 2000) 8 %
Median Income $43,961
Median Age 33.8
Households w/ Children 31 %

Residential Dwellings

  • Owned 4965
  • Vacant 1364
  • Rented 6757

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