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