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    106 Main St Norristown, PA 19401

    For Sale
    $1,835,000

    18,350 SF Vacant Office, $100/SF

    Property size:
    18,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional three-story office building, located at 106 W Main Street in Norristown, Pennsylvania, presents a unique investment opportunity. Spanning 18,350 square feet, the property sits on a 0.27-acre lot and offers 19 parking spaces. Originally constructed in the early 1900s, this stately brick building boasts a rich history, having served as the Norristown Masonic Temple before its conversion to corporate offices in 1996. Currently vacant, this traditional office space is priced at $1,835,000, or $100 per square foot. Situated in Montgomery County, one of Pennsylvania's wealthiest counties, this property benefits from a prime location in Norristown, the county seat. The seller is consolidating offices and may consider a partial leaseback arrangement, offering potential flexibility for the buyer. The building's substantial size and convenient parking make it ideal for a variety of commercial uses. This is a rare chance to acquire a well-established, historically significant property in a thriving Pennsylvania market. The property's zip code is 19401.

    Property Features for 106 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    18,350 SF
    Lot Size
    11,761 SF

    Building Details

    Stories
    3
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tacos Puebla Restaurant Mexican Restaurant Gaudenzia Corporate Addiction Treatment Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norristown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.346176
    Latitude
    40.1148766

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    FAQs

    What type of property is this?
    Office Property / Space - 18,350 SF Vacant Office, $100/SF
    Where is this office property / space located?
    The property is located at 106 Main St Norristown, PA.
    What is the asking price?
    The asking price for this property is $1,835,000.
    Request Owner's contact information
    106 Main St Norristown, PA 19401
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    Norristown, PA 19401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106 Main St Norristown, PA 19401
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