501 SWEDE STREET, Norristown, PA 19401

This property features four apartments and a commercial space, presenting a mixed-use investment opportunity. Ideally located across the street from the Montgomery County Courthouse, the property benefits from a prime location and strong rental demand. The commercial space is suitable for a coffee shop. A bus stop and grocery store are within a block's walk. Elmwood Park, the Norristown Zoo, the train station to Philadelphia, and the Norristown Public Library are also within walking distance. King of Prussia is a five-minute drive away, while Philadelphia is accessible within 30 minutes. The property is positioned to benefit from ongoing improvements in Norristown, including streetscapes, a cultural district, major transportation projects, and commercial growth. New and expanding businesses are contributing to the area's revitalization. Recreational amenities include programs for children and adults, athletic fields at the Thomas Barone Memorial Complex, and Elmwood Park with bocce ball, picnic areas, a playground, outdoor concerts, and volleyball. Redevelopment is planned for the Norristown riverfront, and the Schuylkill River Trail and Norristown Transportation Center development has been completed. A 70-acre parcel, formerly the site of the State Hospital, has been deeded to Norristown borough, with redevelopment plans nearing completion.