136 Main StNorristown, PA 19401

For Sale
$995,000

High-NOI, Prime Norristown Location

Overview

Added:
Feb 3
Days on market:
40
This exceptional mixed-use property at 136 W Main Street, Norristown, Pennsylvania, presents a compelling investment opportunity. The building boasts a prime location on a busy section of Main Street, offering excellent visibility and accessibility. The property comprises three occupied residential apartments situated on the second and third floors, generating consistent rental income. The first floor is entirely leased to retail tenants, further enhancing the property's cash flow. A significant advantage is the inclusion of private rear parking, a valuable amenity in this location. The property's strong financial performance is highlighted by a substantial net operating income (NOI) of $89,545. Its strategic location offers unparalleled convenience, being just minutes away from key landmarks such as the Montgomery County Courthouse and the Norristown Transportation Center. Easy access to major roadways including Routes 476, 76, and 202, as well as the Pennsylvania Turnpike, ensures seamless connectivity. The 0.07-acre lot provides ample space, and an adjacent lot at 134 W. Main Street is also available for purchase, presenting potential for expansion, additional parking, or further commercial development. This property is an ideal investment for those seeking a stable, high-yielding asset in a thriving urban area. The combination of residential and commercial tenants provides diversification and resilience, making this a truly attractive opportunity. The strong NOI and prime location make this a rare find in the Norristown market.

Property Details for 136 Main St

Property type
Mixed-use properties, Other mixed-use properties
Year Built
1900
Lot Size (sq. ft)
3,049 SF

Location Insight

City
Norristown
County
Montgomery
State
Pennsylvania
Latitude
40.11507
Longitude
-75.34669
136 Main St, Norristown, Pennsylvania

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136 Main St
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