$175,000

323 W Johnson Hwy

NORRISTOWN PA, 19401

Description

2 story commercial triplex available. Great affordable investment opportunity! First floor is split in to two spaces. One is a real estate office and the other was used as a dentist office. The latter is currently vacant and would be well suited for a multitude of uses. Perfect investment for a owner occupier. The second floor is a sizable 2 bedroom apartment that is currently occupied. All tenants are on a month to month lease. Fully rented, this property should yield a respectable cap rate. High traffic counts, walkable to public transportation, easy access to Ridge Pike, Germantown Pike, RT 202, I-476, I-76 and the turnpike.Although property is zoned commercial, it is possible to convert this to a single family home. It would however be buyer~s due diligence to contact East Norriton Township to determine what~s allowable.

Details

MLS#PAMC374140
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1935
Days On Site447

Features

SQ Feet2,289
Story(s)0
Units3
ZoningC

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Area Information

StatePA
CityNORRISTOWN
Zip Code19401
AreaEast Norriton Twp (10633)
Listing VS Median (in 19401)
Price:
$175,000
low | high
Med:
$130,000
75.714285714286% of Average
SqFt:
2,289
low | high
Med:
1,684
76.430755788554% of Average
$ / SqFt:
$76
low | high
Med:
$77
49.026128266034% of Average
On Site:
447
low | high
Med:
20
100% of Average
Listing Updated: 04/06/2020
MLS Number: PAMC374140
Listing Provided By:
Mark Burkert  of  Coldwell Banker Preferred-Conshohocken