371 E Main Street

Norristown, PA
$ 2,995,000 Beds 0 Baths 0 Sq 78,408
Monthly Estimate* How much can I afford?

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.

Commercial

  • Price
  • $ 2,995,000
  • Lot Size
  • 12,197 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 78,408
  • Full Bathrooms
  • 0
  • Year Built
  • 1900
  • Half Bathrooms
  • 0
  • City, Zip
  • Norristown
  • Taxes
  • 6029
  • County
  • MONTGOMERY
  • Style
  • Area
  • Norristown Boro
  • MLS#
  • PAMC669014
  • Zip
  • 19401
Listing Provided by: SJI Jackson Real Estate
Data Source: Bright MLS

Features

General

Acceptable Financing Cash, Other, Private, Conventional
Accessibility None
Business Type Other
Construction Materials Brick
Cool Fuel None
Cooling None
County MONTGOMERY
Days on Market 172
Heating None
Historic Y/N No
MLS Area Norristown Boro (10613)
New Construction No
Ownership Fee Simple
Possession Immediate
Property SubType Land for Commercial Use
Property Type Commercial Sale
Property Use Investment
Sewer Public Sewer
Tax Annual Amount 6029.0
Tax Lot 035
Tax Year 2021
Vacation Rental Y/N No
Water Access Y/N No
Zoning TC-II

Interior Features

Central Air Y/N No
Heating Fuel None
Hot Water None

Exterior Features

Building Area Total 0.00
Fencing Y/n Yes
Lot Dimensions 94.00 x 0.00
Lot Size Acres 0.28
Lot Size Source Assessor
Lot Size Square Feet 12225.00
Navigable Water Y/N No
Type of Parking Off Site, On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the McLean, VA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

10/30/2020 Listed $3,200,000
1/5/2021 7% - $2,995,000

Property vs Zip Code Average in 19401

Price
AVG $350K
$3M
Taxes
AVG $8,864
$6,029
Visits
AVG 96
54
Year Built
AVG 1912
1900
Walkscore
AVG 75
75
Data Provided by Walkscore ® not using MLS data

Map

371 E Main Street Norristown, PA is a Single Family Home for sale at $2995000 with 78408 sqft and a lot size of 12,197 SqFt Acre(s). 371 E Main Street Norristown has 0 bedrooms, 0 baths and was built in 1900. The property's zip code is 19401 which is in Norristown, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.