Technical
Financial
Distress signals
Property profile

254 East Main St Norristown, PA 19401

FOR SALE
Investment properties
Property ID
US73-0288261
3,346 SF 0.04 ac lot Built 1900
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 3,346 SF
Lot 0.04 ac (1,552 SF)
Zoning code TC
APN 13-00-21388-00-1
UPID US73-0288261

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician

Location

254 East Main St Norristown, PA 19401
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
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2024
Last sale
$245,000
5 recorded transactions
2024
$245,000
2022
Price N/A
2020
Price N/A
1999
$65,000
1969
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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