1455 W Main St
NORRISTOWN, PA 19403

Description

Excellent opportunity to acquire an investment property in West Norriton with $27,600 annual rental income and 8.2% CAP RATE. This multi-unit property in West Norriton consists of a first floor retail space, lower level storage & 2nd floor apartment. The property has been updated and meets all use and occupancy standards of West Norriton Township.The property has excellent exposure on Main St with an average daily traffic count of 10,000-20,000 cars. The first floor retail space is occupied by a bakery with a year to year lease. New Buyer could occupy the retail space or keep the current Tenant. Road signage available. Separate utilities except water & sewer.

Details

MLS#PAMC372274
StyleIndustrial
Sub-TypeResale
StatusActive
Year1920
Days On Site181

Features

SQ Feet3,737
Story(s)0
Units2
ZoningC

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Area Information

StatePA
CityNORRISTOWN
Zip Code19403
AreaWest Norriton Twp (10663)
Listing VS Median (in 19403)
Price:
$249,900
low | high
Med:
$269,950
41.976790716287% of Average
SqFt:
3,737
low | high
Med:
1,853
100% of Average
$ / SqFt:
$67
low | high
Med:
$146
67.854112334589% of Average
On Site:
181
low | high
Med:
62.5
100% of Average
Listing Updated: 06/20/2019
MLS Number: PAMC372274
Listing Provided By:
Michael S Choplin  of  RE MAX Services