Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1910
Sq.Footage
N/A
how does this sound: Mixed-use apartment building now available for sale in Norristown. This 5,685-square-foot property features five licensed residential rental units in addition to first-floor a convenience store and a commercial space occupied by El Gordo Bros. The restaurant is a well-established local business serving authentic Mexican food as well as American Food. El Gordo Bros. took over the restaurant formally known as Alfredo’s, which was at this location for 50 years. The restaurant and convenience store occupies the entire first floor. The second floor includes three residential units: a two-bedroom apartment with a private outdoor deck and separately metered utilities, including heat and hot water, along with two efficiency units with separate electric meters. The third floor offers two additional licensed boarding-room units, all in good condition. All residential units and the restaurant are properly licensed. The building will meet all Municipality of Norristown requirements, including the latest fire-egress safety standards. Ideally situated at the western end of Norristown, just below the West Norriton Township line, this property offers a strong investment opportunity in a growing commercial corridor. Nearby national retailers and franchises include Chase Bank, Dunkin’, McDonald’s, Domino’s, Royal Farms, Aaron’s, and more. Note: The Restaurant is owned by the Seller and there is a Lease in place. The current Restaurant Tenant is willing to remain in place after the sale. The Owner of the Restaurant will entertain any Buyers who are interested in purchasing the restaurant as well. The the purchase price includes the restaurant and convenience, store, businesses, and all equipment that isn’t leased take advantage of this amazing opportunity with multiple sources of income in one of the areas fastest growing towns!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Other, Ductless, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Hot Water
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Asphalt, Brick, Concrete
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.1
-
Lot Size(square feet)
4,400
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$1,500,000
-
Tax Amount
$11,650
-
Financing Options
Conventional, Cash
-
Zoning
Retail, Office Multi-unit Apartments
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
NORRISTOWN
Property Features
-
Stories
3
-
New Construction
NO
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Tax Lot
024
-
Water Source
Public
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
NORRISTOWN
Listing Courtesy of Michael Marchese , Coldwell Banker Realty
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AGENT
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