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1132 W Main Street

NORRISTOWN, PA 19401
  • $945,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: PAMC2061358
UPDATED: 53 min ago
$945,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Restaurant and a mixed-use apartment building now For Sale. This Montgomery County Restaurant located in Norristown has been open for 45 years and still remains open serving the delicious food it is known for. Here is an opportunity to own a profitable restaurant and have additional income producing rental units all in good condition, at the same location. Alfredo's Restaurant takes up the entire 1st floor of this 5,685 sq. ft. building all equipment in the restaurant is included with the sale of the property. The restaurant is equipped to hold up to 64 patrons and also has bar seating available. There are 6 licensed residential rental units plus the restauraunt all on the premises. There is a 1st floor Efficiency apartment with tenant paying their own electric, 3 units on the 2nd floor, a 2 bedroom with an outside deck that also has all utilities including heat and hot water completely seperate. There are 2 other 2nd floor Efficiency units also that have seperate electric meters. On the 3rd floor there are 2 more units these are boarding room units both in good condition. All units and the restaurant are officially licensed. The building will meet all of the Municipality of Norristown's requirements even Norristown's latest added Fire Safety Requirement when there is a Commercial 1st floor space with residential apartments above. The location of this property cannot be beat it is located on the very West end of Norristown just below the West Norriton Township line and only 1 mile from the center of Town where the new Justice Center is currently being built. Be a part of Norristown's amazing growth! It has been many years since you could look at Norristown from the Bridgeport side or any of the surrounding Townships and see 2 large building cranes above its skyline! Come and join some of the Country's top franchises that have come to Norristown such as Chase Bank, Dunkin Donuts, McDonalds, Domino's, Royal Farms, Aaron's and others.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-27T12:53:41.327.
www.johnkrizateam.com/homes/136008695
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1132 W Main Street NORRISTOWN, PA 19401

  • Price: $945,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 53 min ago
  • ID#: PAMC2061358
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1910
Built
Neighborhood:
Norristown
County:
Montgomery
Area:
Norristown Boro (10613)
Elementary School:
Marshall Street
Middle School:
Stewart
High School:
Norristown
School District:
Norristown Area
Property Description
Restaurant and a mixed-use apartment building now For Sale. This Montgomery County Restaurant located in Norristown has been open for 45 years and still remains open serving the delicious food it is known for. Here is an opportunity to own a profitable restaurant and have additional income producing rental units all in good condition, at the same location. Alfredo's Restaurant takes up the entire 1st floor of this 5,685 sq. ft. building all equipment in the restaurant is included with the sale of the property. The restaurant is equipped to hold up to 64 patrons and also has bar seating available. There are 6 licensed residential rental units plus the restauraunt all on the premises. There is a 1st floor Efficiency apartment with tenant paying their own electric, 3 units on the 2nd floor, a 2 bedroom with an outside deck that also has all utilities including heat and hot water completely seperate. There are 2 other 2nd floor Efficiency units also that have seperate electric meters. On the 3rd floor there are 2 more units these are boarding room units both in good condition. All units and the restaurant are officially licensed. The building will meet all of the Municipality of Norristown's requirements even Norristown's latest added Fire Safety Requirement when there is a Commercial 1st floor space with residential apartments above. The location of this property cannot be beat it is located on the very West end of Norristown just below the West Norriton Township line and only 1 mile from the center of Town where the new Justice Center is currently being built. Be a part of Norristown's amazing growth! It has been many years since you could look at Norristown from the Bridgeport side or any of the surrounding Townships and see 2 large building cranes above its skyline! Come and join some of the Country's top franchises that have come to Norristown such as Chase Bank, Dunkin Donuts, McDonalds, Domino's, Royal Farms, Aaron's and others.
Exterior Features

Construction Materials AsphaltBrickConcreteCopper PlumbingMasonryMixed Plumbing Garage YN No Parking Types Driveway Property Condition Very Good Riparian Rights YN No Road Responsibility Boro/Township Road Surface Type Black Top Roof AsphaltRubberShingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5685.00 Cooling Other Exclusions Tenants' Personal Belongings Heating Hot Water Heating YN Yes Inclusions All Restaurant Equipment Net Square Feet 5685.00

Property Features

Acceptable Financing ConventionalCash Accessibility Features None Annual Gross Expense 28276.00 Assessment Year 2023 Business Type Apartment BuildingRestaurant/Bar Central Air YN No Cooling Fuel Electric Cross Street Hamilton Electric 200+ Amp Service Electric Expense 1200.00 Foundation Details Stone Gross Income 76200.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 5285.00 Lease Considered YN No Municipality Norristown Boro Navigable Water YN N Net Operating Income 47924.00 New Construction YN No Number Of Units Total 7 Operating Expense 28276.00 Operating Expense Includes ElectricInsuranceLandscapingPest ControlSewerSnow RemovalTrashWater Original MLSNumber 802100950394 Other Expense 3600.00 Owner Pays Advertising/Licenses And PermitsCommon Area MaintenanceInsuranceMiscellaneous Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 10742.00 Tax Assessment Amount 180490.00 Tax Lot 24 Total Actual Rent 76200.00 Transportation Bus Stop Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning Office Apartments Zoning Description RetailOffice Multi-Unit Apartments

Listing courtesy of Coldwell Banker Realty: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-27T12:53:41.327.
 
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