Mixed-Use Building with
For Sale
$1,200,000
219 E Main St, Norristown, PA 19401
First-floor tavern space includes a commercial kitchen, liquor license, and separate residential access above.
Property Size2,718 SF
Price / SF$441.50
Days on Market40
Property Features for 219 E Main St
General Information
Standard status
Active
Size
2,718 SF
Additional Details
Floor
1
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Home Max Realty
(215) 820-1621
Listed By:
Jie Chen · License #RM424964
Source:
Soldbypattie
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 25 at 5:29AM
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 Home Max Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines a first-floor tavern and food-service operation with a residential apartment on the second floor. The commercial level includes a kitchen capable of preparing hot food, along with an R liquor license covering beer, wine, and spirits for on-premises consumption; Sunday beer sales are also permitted. Additional operating features include slot machines and a cigarette license.
The second floor contains a 3-bedroom apartment with its own entrance and fire-exit stairs. The property supports four stated income streams: bar and food sales, slot-machine activity, cigarette sales, and apartment rent. The building is located at 219 E Main St in Norristown, Pennsylvania.
The second floor contains a 3-bedroom apartment with its own entrance and fire-exit stairs. The property supports four stated income streams: bar and food sales, slot-machine activity, cigarette sales, and apartment rent. The building is located at 219 E Main St in Norristown, Pennsylvania.
Key Highlights
- R liquor license permits on‑premises beer, wine, and spirits sales
- First‑floor tavern includes a kitchen for preparing hot food
- 3‑bedroom second‑floor apartment with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,188,800
$2.2M
Cap Rate 7%
$1,563,429
$1.6M
Cap Rate 9%
$1,216,000
$1.2M
Market Conditions
NOI Build-Up for 2,718 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$152.3K $56.04/SF
− Vacancy
−$6.4K −$2.35/SF
EGI
$145.9K $53.69/SF
− OpEx
−$36.5K −$13.42/SF
NOI
$109.4K $40.26/SF
Area
Montgomery County, PA
Vacancy
4.20%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,188,800
Cap Rate 7%
$1,563,429
Cap Rate 9%
$1,216,000
Alternative Uses
Best Use
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,440 @ 7.0% cap · market cap 9.12%
Second Best
Mixed Use
$401.9K
$351.6K – $468.9K
NOI $28,131 @ 7.0% cap · market cap 2.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,864
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 20%
Groceries 18%
Electronics 2%
McDonald's
Dining
13,753 visits/mo
0.4 miles
Dekalb Supermarket IGA
Groceries
7,643 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
7,254 visits/mo
0.3 miles
AutoZone
Shops & Services
5,840 visits/mo
0.1 miles
Dunkin' Donuts
Dining
4,561 visits/mo
0.3 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor tavern space includes a commercial kitchen, liquor license, and separate residential access above.
Where is this mixed-use property located?
The property is located at 219 E Main St Norristown, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: R liquor license permits on‑premises beer, wine, and spirits sales; First‑floor tavern includes a kitchen for preparing hot food; 3‑bedroom second‑floor apartment with separate entrance
