$275,000

232 W Main St

NORRISTOWN PA, 19401

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 month to month and the apartments leases are Month/Month. Tenants pay Gas and Electric. All meters are separated. Good income producing property. Current Rental Income totals - $3700 per month.

Details

MLS#PAMC103746
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusPending - Show
Year1900
Days On Site445

Features

Story(s)0
ZoningTC

Market Activity 19401

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Area Information

StatePA
CityNORRISTOWN
Zip Code19401
AreaNorristown Boro (10613)
Listing VS Median (in 19401)
Price:
$275,000
low | high
Med:
$275,000
50% of Average
On Site:
445
low | high
Med:
445
100% of Average
Listing Updated: 01/25/2020
MLS Number: PAMC103746
Listing Provided By:
Julie M Boland  of  Coldwell Banker Preferred-Blue Bell

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