Bought with Elian M AbuBakar • EXP Realty, LLC
$450,000
$489,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
259 E MAIN ST Norristown, PA 19401
6,000 Sqft Lot
Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAMC2007426
Sold Date 11/19/21
HOA Y/N N
Year Built 1890
Annual Tax Amount $11,407
Tax Year 2021
Lot Size 6,000 Sqft
Acres 0.14
Lot Dimensions 40.00 x 0.00
Property Sub-Type Other
Source BRIGHT
Property Description
SJI Jackson Real Estate extends to qualified investors the opportunity to acquire the fee simple interest in the commercial property located at the corner of 259 E. Main Street in Norristown, Pennsylvania. This property is located in the rapidly redeveloping Main Street corridor of the Borough of Norristown and in close proximity to the Montgomery County Courthouse and SEPTA's Norristown Transportation Center, with an estimated 17,500 daily car traffic count. The commercial building is for sale and does not include the existing business. Currently the 1st floor is occupied, with the 2nd and 3rd floors empty and used just for storage. Ample parking located in the rear and along Main Street. Neighboring lot is in process of being redeveloped into a 5 story, mixed use building feature retail on the first floor with apartments above. Current zoning is TC - Town Center which allows for multiple uses. This project is situated in Norristown Borough's Federal Qualified Opportunity Zone, allowing for beneficial tax investment incentives. Neighboring lot is in process of being redeveloped into retail first floor with apartments above. Property is being offered in As-Is condition.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Hardwood
Heat Source None
Exterior
Water Access N
Roof Type Flat
Accessibility 32\"+ wide Doors
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-21980-003
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Private, Other
Listing Terms Cash, Conventional, Private, Other
Financing Cash,Conventional,Private,Other
Special Listing Condition Standard
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