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Property profile & analytics
FOR LEASE
Strip malls

2030 W Main St Norristown, PA 19403

14,640 SF 2.07 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US73-5715230
Property summary
AI-generated overview

This exceptional retail opportunity presents 2,400 square feet of versatile space located at 2030 W Main St, Norristown, PA 19403. Currently configured as a single-tenant unit, the owner is open to dividing the space into two 1200 square foot units, providing flexibility for various retail concepts. Situated in a stable neighborhood shopping center, this property boasts excellent visibility and accessibility, with a daily traffic count of 26,615 vehicles. The open floor plan is ideal for a range of retail uses, catering to the area's strong demographic profile, with an average household income of $73,793. The property benefits from high traffic counts and excellent exposure, making it an attractive option for businesses seeking a prominent location. This space is ready for immediate occupancy, presenting a rare opportunity in a highly sought-after location. The property is classified as retail, with additional potential uses including office or medical. This is a single-tenant space within a larger shopping center. Don't miss this chance to establish your business in a thriving Norristown community.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Total area 14,640 SF
Lot 2.07 ac (90,169 SF)
Zoning code C
APN 63-00-07114-00-5
UPID US73-5715230
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
Current use
Occupant on record · Public records
  • A Family Dental Care Center Dental Office
  • Denture Center of Norristown Dental Office
  • webuyanycar.com Car Dealership
  • Bitcoin ATM Eagleville - Coinhub Atm Currency Exchange Service
  • Amazon Locker - Fuad Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.63M
Blend (final) Blend
$3.05M
Owner & transaction history
Oak Point Development LLC · 4 yrs held
Oak Point Development LLC
since 2022
Last sale
$3.0M
4 recorded transactions
2022
$3.0M
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C · West Norriton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $4.3M +126.8%
Retail stores $3.9M +106.6%
Office building $2.6M +33.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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