254 E Main St Norristown, PA 19401
- Investment properties
- 3,346 SF
- 0.04 lot acres
Current Use by Public Records
- Joseph Mcmanus / Audiologist
Property Details for 254 E Main St
- Year built
- 1900
- Lot size
- 0.04 lot acres
- Property size
- 3,346 SF
- Zone code
- TC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 13-00-21388-00-1
- APU
- 130021388001
Description
This exceptional 2,923 square foot retail space is located at 254 E Main Street in Norristown, Pennsylvania, within Montgomery County (zip code 19401). The property boasts a highly desirable location, just blocks from the Norristown courthouse, ensuring excellent visibility and foot traffic. Its prime position is surrounded by a diverse range of businesses, creating a vibrant and attractive environment for potential customers. The space features a significant advantage with dual entrances, providing convenient access for patrons. Ample parking is readily available, with both rear parking and convenient street parking options in front of the building. This newly renovated space offers a blank canvas for tenant build-out, allowing for complete customization to perfectly suit the specific needs of any business. The single-tenancy space presents a fantastic opportunity to establish a thriving retail presence in a bustling and accessible location. This property is ideal for businesses seeking high visibility and convenient access for their customers. The property's location and features combine to create a compelling opportunity for a successful retail venture.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $230,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $215,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $235,000
- Mixed-Use
- $230,000
- Hospitality
- $250,000
- Educational
- $230,000
- Residential Income
- $215,000
- Energy
- $250,000
- Income-Based Land
- $245,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Norristown
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.34
- Latitude
- 40.1126
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA