Mixed-use property containing 2, 098 square feet in a detached, masonry brick, part one, part two and part three-story building; site improvements includes concrete curb and sidewalk. Fully occupied with third-party tenants: retail store front at the first floor-front; and bi-level, three-bedroom apartment on second and third floors The first floor has a commercial unit accessed along the front elevation and also a rear door from the adjacent parking lot. The commercial unit is mostly a large, open store area but has a back room and powder room. There is a separate rear door leading to the stairway to the upper floor apartment. The basement is accessed via bulk-head door in the front sidewalk and interior stairway. The unfinished basement has utilities. The upper floor apartment has three bedrooms, a living room, kitchen, and bathroom. Property located in downtown area of Norristown, blocks from Montgomery County Courthouse and Transportation Center Hub. Property is zoned TC- Town Center. The commercial unit contains a service business with lease that expires in March 2020. The upper floor apartment has a tenant with term left until September 2019. All meters are separated. Good income producing property. Current Rental income totals - $1, 800 per month.
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: 08/19/2019.
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