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371 E Main Street Norristown, PA $ 2,995,000
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$ 2,995,000 Get more info
371 E Main Street
$ 2,995,000
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371 E Main Street

Norristown, PA, 19401
$ 2,995,000
Baths0.0 Sq 78,408

Monthly Estimate*

$ 19,906

371 E Main Street, Norristown, PA 19401 - Image 1
371 E Main Street, Norristown, PA 19401 - Image 2
371 E Main Street, Norristown, PA 19401 - Image 3
371 E Main Street, Norristown, PA 19401 - Image 4
371 E Main Street, Norristown, PA 19401 - Image 5
371 E Main Street, Norristown, PA 19401 - Image 6
371 E Main Street, Norristown, PA 19401 - Image 7
371 E Main Street, Norristown, PA 19401 - Image 8
371 E Main Street, Norristown, PA 19401 - Image 9
Studio

Commercial Property for sale in Norristown, PA

for $2,995,000. This 78,408 square foot building was built in 1900 on a lot size of 0.28.

SJI Jackson Real Estate extends to qualified investors the opportunity to acquire the fee simple interest in the +/- 1.8 acre mixed use development site located at the corner of 371 E. Main Street in Norristown, Pennsylvania. The property consists currently of 19 individual lots situated in the Town Center-II zoning district which allows for a variety of commercial and residential uses. Sketch plans are currently in place that would allow for 18,966 of ground floor retail/commercial use, 82-98 surface parking spaces, between 60 to 96 residential units with a roof deck (floor count dependent). This project is situated in Norristown Borough's Federal Qualified Opportunity Zone, allowing for beneficial tax investment incentives, and has been awarded a Redevelopment Assistance Capital Program (RACP) grant from the Commonwealth of Pennsylvania. The site is located in close proximity to the Montgomery County Courthouse and SEPTA's Norristown Transportation Center, with an estimated 17,500 car traffic count.

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Commercial Active

Price

$ 2,995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,192

Style

Lot Size

0.28

Year Built

1900

Town/City

Norristown

County/Region

Montgomery

MLS | Web ID

PAMC2058878
Features
Interior
Heating Fuel None
Hot Water None
Street Suffix STREET
Central Air Y/N N
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General
Sewer Public Sewer
Heating None
Cooling None
Possession Immediate
Zoning TC-II
Construction Materials Brick
Year Built 1900
Property SubType Land for Commercial Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Municipality NORRISTOWN BORO
Business Type Other
Accessibility None
County MONTGOMERY
New Construction N
Property Type Commercial Sale
Possible Use Apartments Apartment Building Commercial Retail
Water Access Y/N N
Status ACTIVE
Directions Going North on PA-Route 202 turn right onto Main Street.
City NORRISTOWN
Buyer Agent Compensation 2.5
Total Units 0
MLS Area Norristown Boro (10613)
Lot Size Square Feet 12225.00
Waterfront Y/N N
Street Name MAIN
Tax Annual Amount 6192.0
Acceptable Financing Cash Other Private Conventional
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 519
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking Off Site On Street
Water View Y/N N
Building Area Total 0.00
Lot Dimensions 94.00 x 0.00
Lot Size Acres 0.28
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 371
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* Excluded Features
List By
Sji Jackson Realty, Llc

Broker

sizzi@sjijackson.com

Email

Affordability Calculator

$20,422
Per Month
97%
3%
0%
Monthly Principal & Interest
$19,906
Monthly Property Taxes
$516
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/4/2023$2,995,000 -6.41% Price Down
11/29/2022$3,200,000 Listed Price

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371 E Main Street, Norristown, PA, 19401 is a Commercial Property for sale at $2,995,000 with 78,408 sqft and a lot size of 0.28. 371 E Main Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 19401 which is in Norristown, PA

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