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2512 W MAIN STREET Norristown (NORRISTOWN, Pennsylvania, US - 19403) Built

$750,000

Vihi Realty Co.

Dr Hanh Vo Dr Hanh Vo 2152711035 (Office) 2675677241 (Office) 2676642689 (Cell) 2154052925 (Fax) Request More Info

  • Commercial - NORRISTOWN, PA
  • Type: Commercial
  • Parking Space(s): 100
  • Lot Size: 1.34 acres
  • Year Built: 1950
  • MLS #: PAMC652808

Description

Up for sale is a mixed use building with huge parking lot on busy section of w Main st. Previously used as an office and currently vacant. Total space of over 6,700 Sq Ft can be divided. Separate utilities & entrance for 1st and 2nd floor. This property needs some updating but has tremendous potential. Lots of options for new owner to explore. Seller prefer sale of 2512 w Main st and 2508 w Main st as a package deal with 2508 W Main St currently used as a diner. The lease consists of a 10 years triple net lease. Netting $7004,00 at a 3% increase annually. Taxes, insurance, and utility are all paid by the current tenant. $500 additional parking rents are a charge to 2508 W Main St from the enormous parking lots of 2512 W Main St.~Parking 100+ cars, total seating 340. New roof 2018, new A/C 2005. Asking price for 2508 w Main st is $900,000 if sold separately. Combined asking price for both properties is $1,500,000

Highlights

  • Cooling: Central A/C
  • Exterior Finish: Brick, Stucco
  • Heating: Baseboard, Baseboard, Hot Water
  • Heating: Electric
  • Extra Features: Disabled Access
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Information is deemed to be correct but not guaranteed.