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2864 Ridge Pike 4,000 SF 100% Leased Retail Building Norristown, PA 19403 $1,027,282 CAD ($256.82 CAD/SF) 10% Cap Rate
Executive Summary
• Mixed-Use Investment - Restaurant + 2 Residential Units
• Strong In-Place Income with Upside Through Rent Increases
• High-Visibility Corner Location on E Trooper Rd (Route 363)
• Ample On-Site Parking - Rare for Corridor Retail
• Dense Montgomery County Demographics with Strong Traffic Counts
• Stabilized Asset with Established Commercial Tenant
• Value-Add Potential via Lease Restructuring & Expense Optimization
• Easy Access to Route 202, I-76 & PA
• Strong In-Place Income with Upside Through Rent Increases
• High-Visibility Corner Location on E Trooper Rd (Route 363)
• Ample On-Site Parking - Rare for Corridor Retail
• Dense Montgomery County Demographics with Strong Traffic Counts
• Stabilized Asset with Established Commercial Tenant
• Value-Add Potential via Lease Restructuring & Expense Optimization
• Easy Access to Route 202, I-76 & PA
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,000 SF
Building Class
B
Year Built/Renovated
1994/2012
Price
$1,027,282 CAD
Price Per SF
$256.82 CAD
Cap Rate
10%
NOI
$102,728 CAD
Percent Leased
100%
Building Height
3 Stories
Building FAR
0.16
Lot Size
0.57 AC
Zoning
GC - General Commercial District
Frontage
100’ on Ridge Pike
Amenities
- Restaurant
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 43-00-11545-004 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $336,990 CAD |
Property Taxes
Parcel Number
43-00-11545-004
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$336,990 CAD
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2864 Ridge Pike
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