Mixed-Use Building in
317 W Johnson Hwy, Norristown, PA 19401
For Sale
Contact for pricing
Three-story, 2,888 SF mixed-use building on 9,000 SF lot.
Property Size2,888 SF
Lot Size0.21 Acres
Price / SF$133.31
Days on Market285
Property Features for 317 W Johnson Hwy
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
J.M. Basile & Associates Inc
Listed By:
Suzanne Basile · License PA RB049658C
(610) 768-4000
Source:
Crexi
Added: Jan 29
Changed: Aug 15
Last Checked: Aug 17 at 6:57AM
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 J.M. Basile & Associates Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property features a freestanding, three-story retail/commercial building with a total area of 2,888 square feet, excluding an unfinished basement, situated on a 9,000 square foot lot (approximately 0.206 acres). Public water and sewer services are available. The location benefits from public transportation, with a SEPTA bus stop nearby, providing convenient access for customers and employees. This property is suitable for an owner-user or investor seeking a high-visibility commercial location.
Key Highlights
- High‑visibility commercial location ideal for owner‑user or investor.
- Freestanding, 3‑story retail/commercial building totaling 2,888 SF.
- 9,000 SF (±0.206 acres) lot with public water and sewer.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,860
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,200
$697.2K
Cap Rate 7%
$498,000
$498.0K
Cap Rate 9%
$387,333
$387.3K
Market Conditions
NOI Build-Up for 2,888 SF
Gross rent
$52.0K $18.00/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$49.8K $17.24/SF
− OpEx
−$14.9K −$5.17/SF
NOI
$34.9K $12.07/SF
Area
Montgomery County, PA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,200
Cap Rate 7%
$498,000
Cap Rate 9%
$387,333
Alternative Uses
Best Use
Office B
$753.6K
$659.4K – $879.2K
NOI $52,753 @ 7.0% cap · market cap 13.70%
Second Best
Retail
$498.0K
$435.8K – $581.0K
NOI $34,860 @ 7.0% cap · market cap 9.05%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.94M
NOI $116,285 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
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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
$225,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Montgomery County, PA
Properties on Market for Mixed-use properties in Montgomery County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story, 2,888 SF mixed-use building on 9,000 SF lot.
Where is this mixed-use property located?
The property is located at 317 W Johnson Hwy Norristown, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: High‑visibility commercial location ideal for owner‑user or investor.; Freestanding, 3‑story retail/commercial building totaling 2,888 SF.; 9,000 SF (±0.206 acres) lot with public water and sewer.
