Listed by Andrew Spognardi • RE/MAX Signature
$299,900
Est. payment /mo
2,160 Sqft Lot
New
1501 POWELL ST Norristown, PA 19401
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAMC2183974
Year Built 1930
Annual Tax Amount $5,466
Tax Year 2024
Lot Size 2,160 Sqft
Acres 0.05
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Great investment opportunity at 1501 Powell, a mixed use property with first floor commercial and second floor residential. The first floor is rented through 2028 and is currently a grocery market. The second floor apartment has been updated nicely, featuring 2 bedrooms and a spacious family room. The building has a large basement that can be utilized by the landlord for storage, as well as updated mechanicals.
over 9% cap rate, commercial tenant since 2023 and an updated apartment. Property being sold as-is, please contact listing agent for info on upstairs access.
over 9% cap rate, commercial tenant since 2023 and an updated apartment. Property being sold as-is, please contact listing agent for info on upstairs access.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning R1A
Interior
Hot Water Electric, Natural Gas
Heating Radiator
Cooling Central A/C, Wall Unit
Heat Source Electric, Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-31640-009
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS