750 Markley StNorristown, PA 19401

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.