Renovated Mixed-Use
For Sale
Contact for pricing
118 E Main St, Norristown, PA 19401
Mixed-use asset combines renovated residential units, a leased restaurant, shared amenities, and an included liquor license.
Property Size16,269 SF
Days on Market142
Property Features for 118 E Main St
General Information
Standard status
Active
Size
16,269 SF
Property subtype
Multifamily, Retail
Net Operating Income
$204,537
Financials
Cap Rate
7.08%
Gross Income
$331,246
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
16 x efficiency, 1 x 1BR
Multifamily Units
17
Additional Details
Liquor License
Yes
Amenities
modern kitchens
stainless appliances
hardwood floors
split-unit HVAC
high ceilings
large windows
common area with full kitchen and bathroom
income-generating laundry facility
outdoor courtyard
untapped rooftop deck
Building Details
Year Renovated
2023
Listing Agency:
Iron Valley Real Estate - Doylestown
Listed By:
Stephen B Ammon · License #RM424533
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 29 at 9:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iron Valley Real Estate - Doylestown
Investment Insights
Based on property information with market context.
This mixed-use property combines 17 renovated residential units with a 9,300-square-foot Mexican restaurant. The residential component includes 16 efficiencies and one one-bedroom unit, with modern kitchens, stainless appliances, hardwood flooring, split-unit HVAC, high ceilings, and large windows. Residents also have access to a shared space with a full kitchen and bathroom, along with an income-producing laundry facility. A 2022–2023 gut renovation substantially updated the property.
The restaurant is subject to a long-term NNN lease extending through 2032 and includes a liquor license. Its improvements feature a basement kitchen, dining and lounge areas, pool tables, entertainment platforms, and an outdoor courtyard. The property also offers a rooftop deck that has not yet been utilized.
The approximately 16,269-square-foot asset is located minutes from I-476 and the Norristown Transportation Center. Nearby redevelopment includes the $400M Montgomery County Justice Center, $100M Lafayette Street Extension, and $31M MM Partners project.
The restaurant is subject to a long-term NNN lease extending through 2032 and includes a liquor license. Its improvements feature a basement kitchen, dining and lounge areas, pool tables, entertainment platforms, and an outdoor courtyard. The property also offers a rooftop deck that has not yet been utilized.
The approximately 16,269-square-foot asset is located minutes from I-476 and the Norristown Transportation Center. Nearby redevelopment includes the $400M Montgomery County Justice Center, $100M Lafayette Street Extension, and $31M MM Partners project.
Key Highlights
- Approximately 16,269 SF mixed‑use property
- 17 residential units: 16 efficiencies and one 1‑bedroom
- 9,300 SF restaurant with long‑term NNN lease through 2032
Property Analytics
Current Use
Lease Details
17
Residential units
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,726
Businesses Nearby
Explore this area
Business Placement
Demographics for 19401, PA
43,414
Population
18,236
Households
2.4
Avg Household Size
36
Median Age
28%
College-Educated
86%
High-School Grad
6.2 sq mi
ZIP Area
7,002
Density / Sq Mi
$68,646
Median Household Income
$38,050
Median Earnings
$1,392
Median Rent
$225,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use asset combines renovated residential units, a leased restaurant, shared amenities, and an included liquor license.
Where is this mixed-use property located?
The property is located at 118 E Main St Norristown, PA.
What are key features of this property?
This property features: Approximately 16,269 SF mixed‑use property; 17 residential units: 16 efficiencies and one 1‑bedroom; 9,300 SF restaurant with long‑term NNN lease through 2032
