PA > Norristown
Norristown, PA 19401,329 W JOHNSON HWY
Norristown, PA 19401,329 W JOHNSON HWY
Norristown, PA 19401,329 W JOHNSON HWY
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$425,000
Est. payment /mo
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10,300 Sqft Lot
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329 W JOHNSON HWY Norristown, PA 19401

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Melissa Roswell

Melissa Roswell

+1(856) 904-9502

UPDATED:

11/22/2024 12:53 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAMC2122400

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $8,140

Tax Year 2024

Lot Size 10,300 Sqft

Acres 0.24

Lot Dimensions 69.00 x 0.00

Property Description

If you are looking for an easy investment without the headaches of doing repairs, remodeling and trying to find tenants, than here it is! With 3 stories and over 3,000 square feet this commercial/mixed use property is for you. Both units are occupied and tenants would like to stay. Utilities are separately metered. Currently the building is bringing in a net income of nearly 25k a year.
With market rent for the apartment, the building could produce about a 7.5% return on investment. If you have a different vision for this property’s use, don’t fear, there are no lengthy leases in place. This could be a great place to live and run a business or whatever you choose to do. The street has a high traffic count and the lot can accommodate 12 vehicle parking.

Starting with the first floor, we have an upscale working salon with reception and waiting area, multiple stations, therapy rooms, office, powder room and galley style kitchenette. There is also another office in the basement which happens to be dry and kept neat along with the utilities and storage area. For additional storage there is a shed in the back of the parking lot.

The 2nd floor, 3 bedroom apartment is accessed from the rear staircase, which brings you to a large rear deck. There are two glass doors that lead you to the living room with a gas fireplace and sizable modern kitchen along with powder room.
The third floor has a full bathroom nestled between the bedrooms that have vaulted ceilings and skylights.

Everything is up to code as the fire Marshall recently did an inspection.
Property has been kept in great condition. Buy with confidence!

Location

State PA

County Montgomery

Area East Norriton Twp (10633)

Zoning C

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 12.0

Water Access N

Accessibility None

Total Parking Spaces 12

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Norristown Area

Others

Tax ID 33-00-04657-008

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Mark Burkert • Coldwell Banker Realty

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Melissa Roswell

Agent | License ID: 1540788

+1(856) 904-9502

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329 W JOHNSON HWY

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