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Property profile & analytics
OFF-MARKET Estimated value $10,375,000
Strip malls

23 Germantown Pike East Norriton, PA 19401-1513

123,167 SF 11.92 ac lot Built 1999
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-2514317
Property summary
AI-generated overview

This exceptional retail opportunity presents 121,052 square feet of space within the thriving East Norriton Shopping Center, located in Montgomery County, Pennsylvania. The center boasts a strong tenant mix, including Weis Markets, Fine Wine & Good Spirits, CosmoProf, Fresenius Medical Care, Jefferson Health, Citizens Bank, and Kids First Swim Schools. Currently, there is 14,013 square feet of vacant space available, divisible to a minimum of 1,161 square feet and with a maximum contiguous space of 109,168 square feet. The property enjoys a highly visible location on Route 202, benefiting from a daily traffic count of 28,242 vehicles on Germantown Pike. Ample parking is available for customers and employees. Signage opportunities exist for new tenants. The center is strategically situated in East Norriton, a township combining residential, commercial, and industrial areas, just eight miles northwest of Philadelphia. Nearby shopping malls include the Plymouth Meeting Mall and the King of Prussia Mall, further enhancing the area's retail draw. This is a rare chance to secure space in a well-established, high-traffic retail center with excellent co-tenancy. The property offers a unique opportunity for businesses seeking a prominent location in a thriving community. Three suites are available in total.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Total area 123,167 SF
Lot 11.92 ac (519,235 SF)
Zoning code BP
APN 33-00-03337-00-5
UPID US73-2514317
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
$14.24M
Blend (final) Blend
$10.38M
Owner & transaction history
Susan Eney Kane · 1 yrs held
Susan Eney Kane
since 2024
7 recorded transactions
2024
Price N/A
2023
Price N/A
2022
Price N/A
2021
Price N/A
2016
$1,403
2013
Price N/A
1998
Price N/A
Zoning & alternative use
BP · East Norriton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $17.3M +7.7%
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