Are you planning to start a new business or open another branch? Pennsylvania has some of the best real estate options for you.
Norristown, PA, is one of the most diverse and best places to live, especially for young professionals. It has a lot of great locations to visit such as parks and nice restaurants.
For commercial purposes, Norristown’s Main Street is a good location because it’s easily accessible for many people. Keep reading to learn more details about this location!
The Best Property Location In Norristown
The building at 259 E. of Main Street in Norristown, Pennsylvania, is up for sale or investments. SJI Jackson Real Estate is offering qualified investors the opportunity of getting a fee simple interest in this commercial property. Contact Stephen Izzi for more information.
The property is located at the improved Main Street corridor of the Borough of Norristown. The property type and subtype are Retail and Freestanding, respectively, and it’s being offered in As-Is condition. More specifications include:
- Year Built: 1890
- Building Class: C
- Building Size: 14,152 SF
- Building height: 3 Stories
- Building FAR: 2.32
- Land Acres: 0.14 AC
- Parking Space: 12 Spaces (1.43 Spaces per 1,000 SF Leased)
- Price per SF: $35
- Property Price: $489,000
Benefits of This Location
The property is included in Norristown Borough’s Federal Qualified Opportunity Zone, giving beneficial tax investment incentive opportunities. The neighboring lots are being redeveloped into 5-story, mixed-use buildings that offer retail on the first floor and apartments on the remaining floors. Also, its current zoning is TC – Town Center which allows for multiple uses, and there’s ample parking space available in the rear and along Main Street.
Currently, the 1st floor of the building is occupied, while the 2nd and 3rd floors are only used for storage. For clarification, only the commercial property is for sale and doesn’t include the business operating in the building.
259 E. Main Street is located near the Montgomery County Courthouse and SEPTA’s Norristown Transportation Center. It’s also very walkable and close to many other transportation centers and transit stops, making it convenient and accessible for commuters.
There are no land and improvement assessment taxes charged for the property. Regarding this, the total assessment as property tax is equal to $192,600.
Contact Stephen Izzi in PA
259 E. Main Street in Norristown, PA, is an excellent property investment. It’s near many transportations stops and is within the city’s business zone.
You can check out the property for yourself, or if you’re interested further, SJI Jackson Real Estate can assist you in checking out the place. We are a licensed real estate office in Pennsylvania.
You can contact our realtor, Stephen Izzi, who specializes in both commercial and residential transactions. His knowledge and experience make transactions smooth and easy for you!