501 Swede St
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501 Swede St
7,400 SF 100% Leased Office Building Norristown, PA 19401 $829,000 ($112/SF)
Executive Summary
Great for a coffee shop. Across the street from the county seat Montgomery County Court House. The property is in a prime location. Just a 1-block walk to the bus stop, grocery store . A short walk to Elmwood Park, the Norristown Zoo, Montgomery County Courthouse, train station (to Philadelphia) and the Norristown Public Library. Five-minute drive to King of Prussia, 30 minutes to Philadelphia. This is a rare opportunity to own 4 apartments under one roof and a commercial space great for a Starbucks. The rental demand in this area is strong. Montgomery County Housing Authority reimbursement for an apartment in this area is see attachment a month (per unit). If you haven't recently visited, you may not have seen all the improvements that have occurred in Norristown from streetscapes, the cultural district, and major transportation improvement projects to thriving neighborhoods - commercial growth in Norristown is on the rise. Norristown is home to many new businesses - and existing businesses are expanding. The Recreation Department provides programs for children and adults throughout the year. The Thomas Barone Memorial Complex offers 3 athletic fields, one with lights, for youth baseball and softball programs. Latshaw Field is host to the Chestnut Hill University Baseball Team. Elmwood Park offers: Bocce Ball, picnic areas, a brand new impressive 3 story playground, as well as outdoor concerts on Sundays and volleyball.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
7,400 SF
Building Class
C
Year Built
1900
Price
$829,000
Price Per SF
$112
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,170 SF
Slab To Slab
8’
Building FAR
2.43
Lot Size
0.07 AC
Zoning
TC - Township Commercial
Parking
5 Spaces (0.68 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Central Heating
- Air Conditioning
- Smoke Detector
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Walk Score®
Very Walkable (87)
PROPERTY TAXES
Parcel Number | 13-00-36256-001 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $183,950 |
PROPERTY TAXES
Parcel Number
13-00-36256-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$183,950
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501 Swede St
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