259 E Main Street

CLOSED

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.

Price:$$489,000
Address:259 E Main Street
City:Norristown
County:Montgomery
State:Pennsylvania
Zip Code:19401
MLS:PAMC2007426
Year Built:1890
Acres:0.140
Lot Square Feet:0.140 acres
acceptableFinancing:Cash, Conventional, Private, Other
accessibilityFeatures:32"+ wide Doors
associationRecreationFeeYN:N
automaticallyUpdateTaxValuesYN:yes
baseoffmarketdate:2021-11-20T00:00:00+00:00
buildingTotalSqftSource:Assessor
businessType:Other/General Retail, Medical, Professional
buyerAgencyComp:2.5
buyerAgencyCompType:% Of Gross
buyerAgentMlsId:3301541
buyerFinancing:Cash
buyerOfficeMlsId:EXPREAL
centralAirYN:yes
constructionMaterials:Brick, Brick Front
coolingFuel:Electric
coolingType:Central A/C
country:US
dom:61
exclusions:Business and contents are not for sale
fencingYN:N
flooringType:Hardwood
heatingFuel:None
heatingType:Forced Air
heatingYN:yes
hotWater:Natural Gas
inclusions:As is, building only. Business and contents are not part of this transaction.
leaseConsideredYN:no
listOfficeBrokerOfRecordKey:121135036015
locationType:Urban
lotDimensionsSource:Assessor
lotSizeDimensions:40.00 x 0.00
lotSizeSource:Assessor
lotSizeUnits:Square Feet
lotSqft:6000
mlsArea:Norristown Boro (10613)
municipality:NORRISTOWN BORO
navigableWaterYN:no
netSqft:14152
newConstructionYN:no
ownershipInterest:Fee Simple
parkingFeatures:Surface
possession:Settlement
potentialTenancy:Single
propertyManagerYN:N
riparianRightsYN:no
roof:Flat
saleType:Standard
sewerSeptic:Public Sewer
taxAnnualAmount:11407
taxAssessedValue:192600
taxDataUpdatedYN:no
taxOpportunityZoneYN:Y
taxYear:2021
tidalWaterYN:no
trafficCount:15000-19999
typeOfParking:On Street, Parking Lot
vacationRentalYN:no
waterAccessYN:no
waterOrientedYN:no
waterSource:Public
waterViewYN:no
waterfrontYN:no
yearAssessed:2021
yearBuiltSource:Assessor
zoningDscrp:Buyer/Agent must confirm zoning with Norristown
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