1132 W Main St,NORRISTOWN, PA 19401
NORRISTOWN, PA 19401
Description
how does this sound: Mixed-use apartment building now available for sale in Norristown. This 5,685-square-foot property features five licensed residential rental units in addition to first-floor a convenience store and a commercial space occupied by El Gordo Bros. The restaurant is a well-established local business serving authentic Mexican food as well as American Food. El Gordo Bros. took over the restaurant formally known as Alfredo's, which was at this location for 50 years. The restaurant and convenience store occupies the entire first floor. The second floor includes three residential units: a two-bedroom apartment with a private outdoor deck and separately metered utilities, including heat and hot water, along with two efficiency units with separate electric meters. The third floor offers two additional licensed boarding-room units, all in good condition. All residential units and the restaurant are properly licensed. The building will meet all Municipality of Norristown requirements, including the latest fire-egress safety standards. Ideally situated at the western end of Norristown, just below the West Norriton Township line, this property offers a strong investment opportunity in a growing commercial corridor. Nearby national retailers and franchises include Chase Bank, Dunkin', McDonald's, Domino's, Royal Farms, Aaron's, and more. Note: The Restaurant is owned by the Seller and there is a Lease in place. The current Restaurant Tenant is willing to remain in place after the sale. The Owner of the Restaurant will entertain any Buyers who are interested in purchasing the restaurant as well. The the purchase price includes the restaurant and convenience, store, businesses, and all equipment that isn't leased take advantage of this amazing opportunity with multiple sources of income in one of the areas fastest growing towns!
Details
| MLS # | PAMC2188764 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1910 |
| Days On Site | 57 |
| Listing Provided By | Coldwell Banker Realty | Michael Marchese |
Features
| Story(s) | 3 |
|---|---|
| Units | 7 |
| Zoning | COMM. OFFIC, RETAL, APTS |
| Acreage | 0.10 |
Interior
| Cooling | Other, Ductless/Mini-Split |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Roof | Asphalt, Rubber, Shingle |
|---|---|
| Security Features | Main Entrance Lock, Electric Alarm |
| Construction Materials | Asphalt, Brick, Concrete, Copper Plumbing, Masonry, Mixed Plumbing |
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 11650 |
|---|
Area Information
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | NORRISTOWN |
| Zip Code | 19401 |
| Area | Norristown Boro (10613) |
| Community Name | NORRISTOWN |
| School District | NORRISTOWN AREA |
| High School | NORRISTOWN |
| Listing VS Median (in NORRISTOWN) | |
Price: $1,475,000 low | high Med: $262,500 On site: 57 low | high Med: 107 | |
Market Activity 19401
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Learn More About This Property
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | NORRISTOWN |
| Zip Code | 19401 |
| Area | Norristown Boro (10613) |
| Community Name | NORRISTOWN |
| School District | NORRISTOWN AREA |
| High School | NORRISTOWN |
| Listing VS Median (in NORRISTOWN) | |
Price: $1,475,000 low | high Med: $262,500 On site: 57 low | high Med: 107 | |
