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205 E Lafayette St 4,418 SF Industrial Building Norristown, PA 19401 $828,260 CAD ($187.47 CAD/SF)
Investment Highlights
- Good condition of the property
- Strong market conditions for small industrial properties, with high demand and low supply
- Proximity to regional highway system, Norristown Transportation Center and Montgomery County Courthouse
Executive Summary
205 E Lafayette St., Norristown, PA is a +/- 4,418 sf one and two-story masonry industrial building in good condition. Centrally located on the new Lafayette St. Connector, the property offers quick access to the Main Line, King of Prussia and the Philadelphia region, via the Blue Route (I-476), the PA Turnpike (I-276) and public transit. The Norristown Transit Center, located two blocks from the property, is a regional transportation hub for SEPTA regional rail and bus service.
The Lafayette St. Connector will connect to the PA Turnpike via a new slip ramp, now under construction – ½ mile from the property – to significantly enhance access to the region and support the future property value.
The shop area is accessed by one large drive-in/overhead door, served by a 2-ton crane, and there is one small office. The building is situated on a +/- 4,188 sf site, with a paved parking area accessing Lafayette St. The property is located in two zoning districts: TC Town Center and TC II.
Norristown has been experiencing significant capital reinvestment, from both the public and private sectors. This includes the $415MM Montgomery County Justice Center under construction, and numerous new townhouse and multifamily housing projects
The Lafayette St. Connector will connect to the PA Turnpike via a new slip ramp, now under construction – ½ mile from the property – to significantly enhance access to the region and support the future property value.
The shop area is accessed by one large drive-in/overhead door, served by a 2-ton crane, and there is one small office. The building is situated on a +/- 4,188 sf site, with a paved parking area accessing Lafayette St. The property is located in two zoning districts: TC Town Center and TC II.
Norristown has been experiencing significant capital reinvestment, from both the public and private sectors. This includes the $415MM Montgomery County Justice Center under construction, and numerous new townhouse and multifamily housing projects
Property Facts
| Price | $828,260 CAD | Rentable Building Area | 4,418 SF |
| Price Per SF | $187.47 CAD | No. Stories | 1 |
| Sale Type | Owner User | Year Built | 1910 |
| Property Type | Industrial | Parking Ratio | 0.91/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.10 AC | ||
| Zoning | LI | ||
| Price | $828,260 CAD |
| Price Per SF | $187.47 CAD |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.10 AC |
| Rentable Building Area | 4,418 SF |
| No. Stories | 1 |
| Year Built | 1910 |
| Parking Ratio | 0.91/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | LI |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 13-00-19146-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $127,376 CAD |
Property Taxes
Parcel Number
13-00-19146-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$127,376 CAD
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205 E Lafayette St
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