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Commercial > Industrial
Active
11/29/2022
List Price
$2,995,000

371 Main St
Norristown, PA 19401

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  • 371 Main St, Norristown, PA 19401 is a 15,550 ft² commercial industrial property property built in 1900 on a 0.280 acre lot. This commercial industrial property is currently for sale for $2,995,000, and it was last sold in 2019 for $650,000.

    MLS Description

    The listing agent's description. Original Listing

    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.

    Listing Agents

    The listing agent for 371 Main St is Steve Izzi.

    Current Ownership

    Information about the current owner(s).

    Property History

    371 Main St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 371 Main St

    School Information

    Neighborhood

    This property is located in 19401.

    Market Trends

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    Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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