544 Haws AveNorristown, PA 19401

Property Details for 544 Haws Ave

Year built

1910

Lot size

0.21 AC

Property size (Sq ft)

5,455 SF

Zone code

R2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

13-00-15952-00-1

APU

130015952001

Description

This versatile 3,797 sq ft mixed-use building in Norristown, PA, presents a unique investment opportunity. Located on Haws Avenue, just off the renovated Markley Street, this property boasts high visibility and convenient access to major thoroughfares. The first floor currently operates as a successful doctor's office, complete with a reception/waiting area, private office, restroom, and multiple examination rooms. The upper floors house two income-generating apartments: one 1-bedroom and one 2-bedroom unit, both currently occupied. A large unfinished basement provides ample storage space. The property sits on a 0.21-acre lot and includes a private rear yard and ample on-street parking. Its prime location offers easy access to public transportation via the nearby Norristown-Manayunk SEPTA stop and is situated near Main Street's high-traffic area. The property is also conveniently located within 10 minutes of King of Prussia, Plymouth Meeting Mall, Einstein Hospital, and the Montgomery County Courthouse. The buyer is responsible for obtaining all necessary Use Registration and Use and Occupancy permits from the Municipality of Norristown. This property offers a blend of commercial and residential income streams, making it an attractive investment for both seasoned investors and those seeking a unique business opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,373,922

  6.5%

  $1,268,236

  7%

  $1,177,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $700,093

  Geo Method

  $712,750

• Alternative Use

  Use

  Valuation

  Residential

  $1,572,612

  Hospitality

  $1,440,504

  Educational

  $1,198,483

  Medical

  $1,239,700

  Retail

  $1,864,306

Location Insight

City

Norristown

County

Montgomery

State

Pennsylvania

Latitude

40.1209

Longitude

-75.3517

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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