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Sharon Brown

sharon@luxurylivingsold.com +1(703) 472-3686

Listed by Michael Marchese • Coldwell Banker Realty

$ 1,500,000

Est. payment | -/mo

4,400 Sqft Lot

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$ 1,500,000

Est. payment | -/mo

Save Virtual Tour

4,400 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Norristown

MLS Listing ID PAMC2188764

Year Built 1910

Annual Tax Amount $11,650

Tax Year 2025

Lot Size 4,400 Sqft

Acres 0.1

Lot Dimensions 40.00 x 0.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

how does this sound: Mixed-use apartment building now available for sale in Norristown. This 5,685-square-foot property features five licensed residential rental units in addition to first-floor a convenience store and a commercial space occupied by El Gordo Bros. The restaurant is a well-established local business serving authentic Mexican food as well as American Food. El Gordo Bros. took over the restaurant formally known as Alfredo's, which was at this location for 50 years. The restaurant and convenience store occupies the entire first floor. The second floor includes three residential units: a two-bedroom apartment with a private outdoor deck and separately metered utilities, including heat and hot water, along with two efficiency units with separate electric meters. The third floor offers two additional licensed boarding-room units, all in good condition. All residential units and the restaurant are properly licensed. The building will meet all Municipality of Norristown requirements, including the latest fire-egress safety standards. Ideally situated at the western end of Norristown, just below the West Norriton Township line, this property offers a strong investment opportunity in a growing commercial corridor. Nearby national retailers and franchises include Chase Bank, Dunkin', McDonald's, Domino's, Royal Farms, Aaron's, and more. Note: The Restaurant is owned by the Seller and there is a Lease in place. The current Restaurant Tenant is willing to remain in place after the sale. The Owner of the Restaurant will entertain any Buyers who are interested in purchasing the restaurant as well. The the purchase price includes the restaurant and convenience, store, businesses, and all equipment that isn't leased take advantage of this amazing opportunity with multiple sources of income in one of the areas fastest growing towns!

Location

State PA

County Montgomery

Area Norristown Boro (10613)

Zoning COMM. OFFIC, RETAL, APTS

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Other, Ductless/Mini-Split

Flooring Vinyl

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Roof Type Asphalt,Rubber,Shingle

Street Surface Black Top

Accessibility None

Road Frontage Boro/Township

Total Parking Spaces 2

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Norristown

School District Norristown Area

Others

Tax ID 13-00-22820-009

Ownership Fee Simple

Security Features Main Entrance Lock,Electric Alarm

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

+1(703) 472-3686

sharon@luxurylivingsold.com

3 S Madison St, Middleburg, VA 20117, USA

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1132 W MAIN ST Norristown, PA 19401