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Steak Shop with 20 Parking Spaces
For Sale
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414 E Main Street, East Norriton, PA 19401

Iconic steak shop offering 20 parking spaces, with three income-producing apartments and one fully leased commercial space.

Property SizeContact for details
Days on Market120

Property Features for 414 E Main Street

General Information

Standard status Active
Total Parking Spaces 20
Property subtype Retail
Occupancy 100%

Additional Details

Business Included Yes
Multifamily Units 3

Building Details

Tenancy Multi
Listing Agency: Serhant Pennsylvania, LLC
Listed By: Frank Lombardo · License #RS285229
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 11:37PM

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 Serhant Pennsylvania, LLC

Investment Insights

Based on property information with market context.

An iconic steak shop is available as a combined business and real estate offering. The property includes three income-producing apartments and one commercial space, and all units are described as fully leased. The commercial component is positioned as a long-running local landmark, with ownership information indicating more than 80 years of operation in the Philadelphia area.

The business and property are located at 414 E. Main Street in East Norriton, PA 19401. The offering also includes 20 parking spaces, supporting convenient customer access.

This is a turnkey, income-producing mixed-use arrangement with dedicated parking and fully leased residential and commercial components, presented for sale as “business plus real estate.”

Key Highlights

  • Iconic steak shop on Main Street in Norristown, a landmark destination for over 80 years in the Philadelphia area
  • Business plus real estate for sale with 20 parking spaces
  • Includes 3 income‑producing apartments, all described as fully leased

Property Analytics

Current Use

Lou's Sandwich Shop Take-out & Catering

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Locksmith Acupuncture Veterinary Clinic Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,502
Businesses Nearby
Under-served
Demand for This Use

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Iconic steak shop offering 20 parking spaces, with three income-producing apartments and one fully leased commercial space.
Where is this conventional restaurant located?
The property is located at 414 E Main Street East Norriton, PA.
What are key features of this property?
This property features: Iconic steak shop on Main Street in Norristown, a landmark destination for over 80 years in the Philadelphia area; Business plus real estate for sale with 20 parking spaces; Includes 3 income‑producing apartments, all described as fully leased
More about this property
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