232 W MAIN STREET Norristown, PA 19401

$335,000
232 W MAIN STREET, Norristown, PA 19401
PAMC103746

Commercial Property for sale in Norristown, PA

for $335,000. This building was built in 1900 on a lot size of 18.

Property Information

  • $335,000
  • Commercial
  • Taxes are $4,159
  • Other / Unknown
  • Active
  • Lot size of 18
  • Built in 1900
  • Norristown, PA
  • Montgomery County
  • MLS/Web ID is PAMC103746
  • Just Listed

Description

232 W Main Street Mixed-use property containing 3, 026 square feet in a detached, masonry brick, part one, part two and part three-story building; site includes rear gravel-paved parking lot. Fully occupied with third-party tenants: retail store front at the first floor-front; efficiency apartment at first floor-rear; and apartments on second and third floors. Separate electric panels, meters and hot water heaters per unit; 100-amp circuit breakers. Separate electric baseboard heating; air conditioned via window/wall units. The property has good access and above average visibility from Main Street, which is a local commercial thoroughfare travel artery with above average traffic counts for the area. The first floor has a commercial unit and a rear efficiency apartment accessed at the rear from the parking lot. The commercial unit is mostly a large, open store area but has 2 back rooms and powder room. To access the upper floor apartments there is a separate front door leading to the stairway for the upper floor apartments. The basement is accessed via bulk-head doors in the front sidewalk. The basement has utilities. The second-floor apartment has one bedroom, a living area, kitchen, and bathroom. The upper apartment is bi-level, has two bedrooms, kitchen and living space, and a full bathroom. The Property is located in downtown area of Norristown, blocks from Montgomery County courthouse and Transportation Center hub. Flexible use rooms on first floor make it easy to access public sidewalk/foot traffic. There are approximately 12 parking spots in rear of this building. This 4-Unit property is completely rented. The commercial lease is a 2-year lease and the apartments leases are Month/Month. Tenants pay Gas and Electric. All meters are separated. Good income producing property. Current Rental Income totals - $3900 per month. Seller is selling 4 parcels together. Parcels included are 13-00-22504-001, 13-00-22508-006, 13-00-22520-003 and 13-00-22512-002.

Room Information

  • Master Bedroom

Interior 3

Heating System

  • Hot Water Heater: Electric

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 4

Construction

  • Brick

Lot Description

  • Level/Flat

Road Frontage

  • Boro/Township

Roof

  • Flat Roof

Miscellaneous 3

Location

  • Downtown

Maintenance Fee Includes

  • Trash/Garbage Pickup
  • Water

Public Transportation Location

  • Nearby

Rental 4

Landlord Pays

  • Sewer

Lease Terms

  • Negotiable

Rent Includes

  • Parking
  • Taxes

Tenant Pays

  • Electric

† Excluded Feature

Neighborhood & Schools

School District: NORRISTOWN AREA

Listed By

Broker: COLDWELL BANKER PREFERRED-BLUE BELL

232 W MAIN STREET, Norristown, PA, 19401 is a Commercial Property for sale at $335,000 with a lot size of 18. 232 W MAIN STREET was built in 1900. The property's zip code is 19401 which is in Norristown, PA

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Market Pricing

Average % of sale price Median % of sale price
All listings in Norristown $337,531 1 % above $247,450 26 % below
Commerical listings in Norristown $535,853 60 % above $359,950 7 % above
Sold listings in Norristown $140,367 58 % below $140,000 58 % 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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