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371 E MAIN STREET
NORRISTOWN PA 19401 US

$2,995,000

Active Listing ID PAMC2058878
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Lot: 0.28 Acres
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$2,995,000

Active Listing ID PAMC2058878
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371 E MAIN STREET 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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Property Features

  • Facts
  • Lot Size: 0.28 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 2995000
  • unparsedaddress: 371 E MAIN STREET
  • postalcity: NORRISTOWN
  • stateorprovince: PA
  • country: US
  • postalcode: 19401
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.28
  • lotsizeunits: Acres
  • lotsizearea: 0.28
  • livingareaunits: Square Feet
  • latitude: 40.11216
  • longitude: -75.33696
  • listagentfullname: Steve Izzi
  • listagentemail: sizzi@sjijackson.com
  • listagentkey: 3yd-TRENDPA-3269650
  • listagentmlsid: 3269650
  • listagentpreferredphone: 8566626565
  • listagentofficephone: 8566626565
  • listofficekey: 3yd-TRENDPA-JPGMACRE
  • listofficemlsid: JPGMACRE
  • disclaimer: 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.
  • sourcesystemid: TRENDPA
  • yearbuilt: 1900
  • listingcontractdate: 2022-11-29
  • listagenturl: http://www.SJIRealty.com
  • countyorparish: MONTGOMERY
  • constructionmaterials: Brick
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.33696, 40.11216
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/TRENDPA/PAMC2058878/?channel=rexren", "LeadRoutingEmail":"Jodonnell@sjijackson.com", "BrokerName":"SJI Jackson Real Estate", "ListingTitle":"Commercial - NORRISTOWN, PA", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"mullica.joe@gmail.com", "ListOfficeAddress1":"479 York ROAD", "ListOfficeAddress2":null, "ListOfficeCity":"Jenkintown", "ListOfficePostalCode":"19046", "ListOfficeStateOrProvince":"PA", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"SJI Jackson Real Estate", "ListBrokeragePhone":"856-662-6565", "ListBrokerageEmail":"mullica.joe@gmail.com", "ListBrokerageWebsiteUrl":"http://www.SJIRealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/TRENDPA/0893c36148cb11e4a9a30adf73bfe7b7/20151120204653741.png", "ListBrokerageUnparsedAddress":"479 York Rd", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Jenkintown", "ListBrokerageStateOrProvince":"PA", "ListBrokeragePostalCode":"19046", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2023-04-04T11:39:49Z", "Neighborhoods":[{"Name":"NORRISTOWN BORO", "Description":null}], "Taxes":[{"TaxYear":null, "TaxAnnualAmount":6192, "TaxDescription":null}]}
Listing Changed: 3/26/2024 3:01:11 PM GMT
Source Updated Date: 5/5/2024 6:43:15 AM GMT

Courtesy of: Steve Izzi, SJI Jackson Realty, LLC, sizzi@sjijackson.com

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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