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Property profile & analytics
OFF-MARKET Estimated value $540,000
Manufacturing properties

101 Lafayette St Norristown, PA 19401-4912

9,592 SF 0.07 ac lot Built 1875
Individually Owned 15-yr Hold Free & Clear
Property ID
US73-0590705
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Jessica Kennedy · 15 yrs held
Jessica Kennedy
since 2010
2 recorded transactions
2010
$225,000
2004
Price N/A
Zoning & alternative use
TC · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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