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371 E Main Street

NORRISTOWN, PA 19401
  • $2,995,000
  • STATUS: Active
  • ON SITE: 394 Days
  • ID#: PAMC669014
UPDATED: 50 min ago
$2,995,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

SJI Jackson Real Estate extends to qualified investors the opportunity to acquire the fee simple interest in the +/- 1.8 acre mixed use development site located at the corner of 371 E. Main Street in Norristown, Pennsylvania. The property consists currently of 19 individual lots situated in the Town Center-II zoning district which allows for a variety of commercial and residential uses. Sketch plans are currently in place that would allow for 18,966 of ground floor retail/commercial use, 82-98 surface parking spaces, between 60 to 96 residential units with a roof deck (floor count dependent). This project is situated in Norristown Borough's Federal Qualified Opportunity Zone, allowing for beneficial tax investment incentives, and has been awarded a Redevelopment Assistance Capital Program (RACP) grant from the Commonwealth of Pennsylvania. The site is located in close proximity to the Montgomery County Courthouse and SEPTA's Norristown Transportation Center, with an estimated 17,500 car traffic count.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mike Coleman Team | Keller Williams Realty Devon-Wayne. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-29T09:50:50.473.
www.mikecolemanteam.com/homes/111478555
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371 E Main Street NORRISTOWN, PA 19401

  • Price: $2,995,000
  • Status: Active
  • On Site: 394 Days
  • Updated: 50 min ago
  • ID#: PAMC669014
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1900
Built
Neighborhood:
Norristown Boro (10613)
County:
Montgomery
Area:
Norristown Boro (10613)
School District:
Norristown Area
Property Description
SJI Jackson Real Estate extends to qualified investors the opportunity to acquire the fee simple interest in the +/- 1.8 acre mixed use development site located at the corner of 371 E. Main Street in Norristown, Pennsylvania. The property consists currently of 19 individual lots situated in the Town Center-II zoning district which allows for a variety of commercial and residential uses. Sketch plans are currently in place that would allow for 18,966 of ground floor retail/commercial use, 82-98 surface parking spaces, between 60 to 96 residential units with a roof deck (floor count dependent). This project is situated in Norristown Borough's Federal Qualified Opportunity Zone, allowing for beneficial tax investment incentives, and has been awarded a Redevelopment Assistance Capital Program (RACP) grant from the Commonwealth of Pennsylvania. The site is located in close proximity to the Montgomery County Courthouse and SEPTA's Norristown Transportation Center, with an estimated 17,500 car traffic count.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Off SiteOn Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling None Heating None Net Square Feet 78408.00

Property Features

Acceptable Financing CashOtherPrivateConventional Accessibility Features None Assessment Year 2021 Association YN No Business Type Other Central Air YN No Cooling Fuel None Heating Fuel None Historic YN No Hot Water None Lease Considered YN No Municipality Norristown Boro Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304376280319 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land For Commercial Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6029.00 Tax Assessment Amount 101800.00 Tax Lot 035 Vacation Rental YN No Water Source Public Zoning Tc-Ii

Listing courtesy of Sji Jackson Realty, Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mike Coleman Team | Keller Williams Realty Devon-Wayne. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-29T09:50:50.473.
 
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The Mike Coleman Team | Keller Williams Realty Devon-Wayne
216 E. Lancaster Ave.
Wayne PA, 19087