Property profile

101 Lafayette St Norristown, PA 19401

OFF-MARKET
Manufacturing properties
Property ID
US73-0590705
9,592 SF 0.07 ac lot Built 1875
Individually Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 9,592 square foot industrial property, located at 101 E Lafayette Street in Norristown, Pennsylvania, presents a compelling investment opportunity. Situated on a 0.07-acre lot in Norristown's thriving commercial district, this property enjoys high visibility due to its location along a major thoroughfare. The building itself offers a range of features ideal for an owner-operator seeking to expand their business or a savvy investor looking for a strong return. Key features include a convenient commercial elevator, facilitating efficient movement of goods and personnel throughout the building. A drive-in ramp provides easy access for loading and unloading, streamlining operations and minimizing handling time. Furthermore, the property boasts a dedicated storefront with a separate entrance, offering potential for retail or showroom space, enhancing versatility and potential revenue streams. The asking price for this exceptional property is $499,999. This represents a significant opportunity to acquire a well-located, functional industrial space in a dynamic commercial area. The combination of size, features, and location makes this property a truly attractive investment prospect. Serious inquiries are encouraged.

Property profile

Verified
Property type Manufacturing properties
Use group MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built 1875
Total area 9,592 SF
Lot 0.07 ac (3,113 SF)
Zoning code TC
APN 13-00-09408-11-1
UPID US73-0590705

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

101 Lafayette St Norristown, PA 19401-4912
Norristown metro Census 203902 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$644k
Blend (final) Blend
$540k

Owner & transaction history

since 2010
2 recorded transactions
2010
$225,000
2004
Price N/A

Zoning & alternative use

TC · Norristown, PA
Zoning description

TC Town Center District § 320-128 Legislative intent. § 320-129 Use regulations. § 320-130 Dimensional criteria. § 320-131 Off-street parking and loading. § 320-132 Architectural and site design standards. § 320-133 Desi…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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