20,754 SqFt
20,754 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 20,754 sqft
Price per Sqft $154
MLS Listing ID PAMC2148362
Year Built 1981
Annual Tax Amount $65,816
Tax Year 2024
Lot Size 2.490 Acres
Acres 2.49
Lot Dimensions 390.00 x 0.00
Property Sub-Type Office
Source BRIGHT
Property Description
Option for User Buyers. There is an option where the Sellers are able to deliver a 7,951 SF space vacant if the Buyer wants to occupy the building themselves. The building has a historically strong occupancy with 3 of the 5 tenants being here 15+ years. Located in the Limited Commercial & Industrial District allows for a diverse range of uses such as traditional office, medical office, or light industrial uses.
Total Gross income of $468,819 with 2024 Operating Expenses of $199,595. Net Operating Income of $269,224 which is an 8.41% cap rate at Ask Price
Location
State PA
County Montgomery
Area West Norriton Twp (10663)
Zoning LC&I
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 84.0
Water Access N
Accessibility Elevator
Total Parking Spaces 84
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 63-00-00462-555
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "