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    371 E Main Street

    NORRISTOWN, PA 19401
    • $2,995,000
    • STATUS: Active
    • ON SITE: 331 days
    • ID#: PAMC669014
    $2,995,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    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.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-26T23:49:24.06.
    www.ramusrealty.com/homes/111478555
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    371 E Main Street NORRISTOWN, PA 19401

    • Price: $2,995,000
    • Status: Active
    • ID#: PAMC669014
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    1900
    Built
    Neighborhood:
    Norristown Boro (10613)
    County:
    Montgomery
    Area:
    Norristown Boro (10613)
    School District:
    Norristown Area
    Property Description
    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.
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types Off SiteOn Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 0.00 Cooling None Heating None Net Square Feet 78408.00

    Property Features

    Acceptable Financing CashOtherPrivateConventional Accessibility Features None Assessment Year 2021 Association YN No Business Type Other Central Air YN No Cooling Fuel None Heating Fuel None Historic YN No Hot Water None Lease Considered YN No Municipality Norristown Boro Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304376280319 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land For Commercial Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6029.00 Tax Assessment Amount 101800.00 Tax Lot 035 Vacation Rental YN No Water Source Public Zoning Tc-Ii

    Listing courtesy of Sji Jackson Realty, Llc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-26T23:49:24.06.
     
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    Ramus Realty Group
    2880 Pottsville Minersville Highway, Suite 144
    Pottsville PA, 17954