Price Reduction
Address
371 E Main Street Norristown, PA
Price
$ 2,995,000
Property Attributes
- MLS#PAMC669014
- TypeCommercial
- CountyMONTGOMERY
- CityNorristown
- AreaNorristown Boro
- Zip19401
- Style
- Year Built1900
- Taxes5910
- Price$ 2,995,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage78408
- Lot Size12,197 SqFt
Listing Provided Courtesy Of:
SJI Jackson Real Estate
Property Description
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.
| Price History | |
|---|---|
| 10/30/2020 | Listed $3,200,000 |
| 1/5/2021 | 7% - $2,995,000 |
General Features
| Acceptable Financing | Cash, Other, Private, Conventional |
|---|---|
| Accessibility | None |
| Business Type | Other |
| Construction Materials | Brick |
| Cool Fuel | None |
| Cooling | None |
| County | MONTGOMERY |
| Heating | None |
| Historic Y/N | No |
| MLS Area | Norristown Boro (10613) |
| New Construction | No |
| Ownership | Fee Simple |
| Possession | Immediate |
| Property SubType | Land for Commercial Use |
| Property Type | Commercial Sale |
| Property Use | Investment |
| Real Estate Owned Y/N | No |
| Sewer | Public Sewer |
| Tax Annual Amount | 5910.0 |
| Tax Lot | 035 |
| Tax Year | 2020 |
| Vacation Rental Y/N | No |
| Water Access Y/N | No |
| Zoning | TC-II |
Interior Features
| Central Air Y/N | No |
|---|---|
| Heating Fuel | None |
| Hot Water | None |
Exterior Features
| Building Area Total | 0.00 |
|---|---|
| Fencing Y/n | Yes |
| Lot Dimensions | 94.00 x 0.00 |
| Lot Size Acres | 0.28 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 12225.00 |
| Navigable Water Y/N | No |
| Type of Parking | Off Site, On Street |
| Water Oriented Y/N | No |
| Water Source | Public |
| Water View Y/N | No |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 19401
Price
Taxes
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Year Built
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