MLS® ID: PAMC622240

2512 & 2508 W MAIN STREET (PORTFOLIO)

NORRISTOWN, Pennsylvania, 19403

$1,550,000 Active
  • - SQFT
This side to side lots and buildings of 2508 W Main St and 2512 W Main St is currently offered as a package. Tax IDs: 2508 W Main St(63-00-07195-005) 2512 W Main St(63-00-07198-002)2508 Main St 6800+ Square foot building currently leased out as a diner. The lease consists of a 10 years triple net lease, currently at its 4th years. Netting $7004,00 at a 3% increase annually. Taxes, insurance, and utility are all paid by the current tenant. $500 additional parking rents are a charge to 2508 W Main St from the enormous parking lots of 2512 W Main St.~Parking 100+ cars, total seating 340. New roof 2018, new A/C 2005, over $2,000,000 in improvements & renovations & equipment. Turnkey operation.2512 W Main St total space of 6,756 Sq Ft can be divided. Separate utilities & entrance for 1st and 2nd floor, each with 3,378 square feet. West Norriton uses permitted by Limited Commercial Zoning (LC) include Office, agency or studio, Retail store, bank; personal service shop; craftsmen's shop such as carpenter, cabinet maker, furniture upholstery shop, electric shop, plumbing, paint store, dry cleaning agency, Bakery, confectionery, or custom shop for the production of articles to be sold at retail on the premises, private school, hospital, club, lodge, medical center or convalescent home laundry. Lots of different opportunities and value-added as a package deal with 2508 W Main St. Current insurance is $5600 since it is vacant. The small back portion of this 1.34-acre lot is currently rented to the neighbor(2516 W Main St) for $375 a month as additional parking to their business.
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Listing courtesy of Canaan Realty Investment Group

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19403
  • Office name
    Canaan Realty Investment Group
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Commercial Sale
  • Zoning type
    LC
  • School district
    NORRISTOWN AREA
  • Year built
    1950
  • Lot size
    1.7
  • Sewer
    Public Sewer
  • Heating
    Central,Baseboard - Electric
  • Agent name
    Yuhoi Lam
  • Purchase Type
    Active
  • Price Range
    $1.5m-$1.75m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    CANAANRM
  • Agent ID
    3263418

Location

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