See Home Value
Norristown 19401
371 E MAIN STREET
$3,239,526*
Commercial - Off Market

371 E MAIN STREET

NORRISTOWN, PA 19401
bedrooms
Studio
bathrooms
0 Bath
$2,696,000 - $3,294,000
Reference Base Price*
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$6,029
HOA Dues
-
Year Built
1900

Price History

Date / Event Date Event Price
Jan 2, 2022 No longer available -
No longer available
Aug 19, 2021 Relisted $2,995,000
Relisted
Aug 18, 2021 No longer available -
No longer available
Jul 27, 2021 Relisted $2,995,000
Relisted
Jul 22, 2021 No longer available -
No longer available
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Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201029
10/29/2020
Loft
-
-
$3,200,000
bedrooms
Loft
bathrooms
-
-
-
-
Steve Izzi
SJI Jackson Realty, LLC

Building Info

371 East Main Street 371 East Main Street, Norristown, PA 19401
  • 1 Unit for Sale
More about this Building
371 East Main Street
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About Norristown


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