750 Markley StNorristown, PA 19401

For Sale
$2,500,000

15,000 SF Warehouse, Norristown, PA

Overview

Added:
Dec 11, 2024
Days on market:
94
This fee-simple industrial property, located at 750 Markley St, Norristown, PA 19401, offers 15,000 square feet of warehouse space in a 1-story, Class B building on a 0.5-acre lot. Built in 1930 and renovated in 2002, the property boasts a 13-foot ceiling height and is currently 100% occupied, with occupancy dating back to July 1, 2020. The asking price is $2,500,000, translating to $166.67 per square foot. Currently configured as a partial owner-occupier building, with 7,200 square feet rented to tenants and 8,400 square feet owner-occupied, the property presents an excellent opportunity for either continued owner-occupancy or conversion to multi-tenant use. The property features seven drive-in bays, each measuring 12 feet high and 10 feet wide, and benefits from heavy power and high visibility on Markley Street, with approximately 18,000 vehicles passing daily. The HI zoning allows for flexible use. The property's location in Montgomery County, PA, provides convenient access to major transportation routes. This is a prime opportunity for an owner-user or investor seeking a well-located industrial property with significant upside potential. The property has a 15,000 square foot net rentable area. The average rent per square foot is $10. The APN is 13-00-23309-00-6.

Property Details for 750 Markley St

Property type
Other warehouses, Other industrial properties
Square Feet
15,000 SF
Class
B
Year Built/Renovated
1930/2002
Buildings
1
Stories
1
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Norristown
County
Montgomery
State
Pennsylvania
Latitude
40.1210376
Longitude
-75.3441785
750 Markley St, Norristown, Pennsylvania

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750 Markley St
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