See Home Value
Montgomery 19403
2512 W MAIN STREET
$1,757,336*
Commercial - Off Market

2512 W MAIN STREET

NORRISTOWN, PA 19403
bedrooms
Studio
bathrooms
0 Bath
$1,170,000 - $1,430,000
Reference Base Price*
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

This is package deal. Sale includes both 2512 W Main st and 2508  W Main st. 2512 W Main st is a standing alone mixed use building with ample parking.  Previously used as professional office and currently vacant. Total space of over 6,700 Sq Ft can be divided. Separate utilities & entrance for 1st and 2nd floor. This property needs some updating but has tremendous potential. Lots of options for new owner to explore.  2508 W Main St is currently a diner. The lease consists of a 10 years triple net lease.  Netting $7004,00 at a 3% increase annually. Taxes, insurance, and utility are all paid by the current tenant. $500 additional parking rents are a charge to 2508 W Main St from the enormous parking lots of 2512 W Main St.~Parking 100+ cars, total seating 340. New roof 2018, new A/C 2005.  Motivated seller.
Unit Size
-
Days on Market
-
Land Size
1.34 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$13,332
HOA Dues
-
Year Built
1950

Price History

Date / Event Date Event Price
Sep 20, 2020 No longer available -
No longer available
Aug 17, 2020 Price Increased $1,300,000
↑ $550K (73.3%)
Price Increased
Jun 18, 2020 Listed $750,000
Listed
Mar 13, 2019 Sold $600,000
Sold

Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
7 Baths
6,053 ft²
$208/ft²
$1,260,000 Jun 15, 2023
$1,260,000 Jun 22, 2023
-
Commercial
Loft
-
-
$1,100,000 Jan 11, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200618
06/18/2020
Loft
-
-
$750,000
bedrooms
Loft
bathrooms
-
-
-
-
-

Building Info

2512 West Main Street 2512 West Main Street, Norristown, PA 19403
More about this Building
2512 West Main Street
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About Montgomery


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