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Map
$3,239,526*
●
Commercial -
Off Market
371 E MAIN STREET
NORRISTOWN, PA 19401
Studio
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 |
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/29/2020
|
|
Loft
|
-
|
-
|
$3,200,000
Loft
-
|
-
-
|
-
|
Steve Izzi
SJI Jackson Realty, LLC
|
Building Info
371 East Main Street
371 East Main Street, Norristown, PA 19401
- 1 Unit for Sale