232 W Main Street Mixed-use property containing 3, 026 square feet in a detached, masonry brick, part one, part two and part three-story building; site includes rear gravel-paved parking lot. Fully occupied with third-party tenants: retail store front at the first floor-front; efficiency apartment at first floor-rear; and apartments on second and third floors. Separate electric panels, meters and hot water heaters per unit; 100-amp circuit breakers. Separate electric baseboard heating; air conditioned via window/wall units. The property has good access and above average visibility from Main Street, which is a local commercial thoroughfare travel artery with above average traffic counts for the area. The first floor has a commercial unit and a rear efficiency apartment accessed at the rear from the parking lot. The commercial unit is mostly a large, open store area but has 2 back rooms and powder room. To access the upper floor apartments there is a separate front door leading to the stairway for the upper floor apartments. The basement is accessed via bulk-head doors in the front sidewalk. The basement has utilities. The second-floor apartment has one bedroom, a living area, kitchen, and bathroom. The upper apartment is bi-level, has two bedrooms, kitchen and living space, and a full bathroom. The Property is located in downtown area of Norristown, blocks from Montgomery County courthouse and Transportation Center hub. Flexible use rooms on first floor make it easy to access public sidewalk/foot traffic. There are approximately 12 parking spots in rear of this building. This 4-Unit property is completely rented. The commercial lease is a 1+ year lease and the apartments leases are Month/Month. Tenants pay Gas and Electric. All meters are separated. Good income producing property. Current Rental Income totals - $3700 per month. Seller is selling 4 parcels together. Parcels included are 13-00-22504-001, 13-00-22508-006, 13-00-22520-003 and 13-00-22512-002.
About this Area
Montgomery County, Pa., located just northwest of Philadelphia, is Pennsylvania’s second-wealthiest county thanks to the presence of such communities as Gladwyne, Bryn Mawr, Rydal, Abington, Huntingdon Valley, Lower Gwynedd and others. The county is 487 square miles and has a population of approximately 800,000 people. It is an incredibly diverse place as far as housing stock and community feel,...
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Data last updated: 07/21/2019.
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