$700,000
$775,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
0.59 Acres Lot
SOLD DATE : 06/30/2016
Key Details
Sold Price $700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1004187322
Sold Date 06/30/16
HOA Y/N N
Originating Board TREND
Year Built 1931
Annual Tax Amount $10,170
Tax Year 2016
Lot Size 0.588 Acres
Acres 0.59
Lot Dimensions 67
Property Description
Attention Investors?!!! Offered at an 11% Cap Rate. 31,000 sf industrial building on 1.21 Acres in downtown Norristown. 123 ft frontage on high visible, high traffic (28,000 ADT) Markley St. Building has 2 levels, each with street grade access. Signage on Markley street. 5 commercial units consisting of furniture store, two auto repair shops, Used Car Sales and Mexican restaurant. Separate utilities for all tenants. Owner requests verified BFI or Proof of Funds before scheduling showings. Serious prospects only.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning LI
Rooms
Other Rooms Primary Bedroom
Interior
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Road Frontage Boro/Township, State
Parking Type Parking Lot
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-23300-006
Ownership Fee Simple
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Bought with Joseph F Leone • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "