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Norristown Medical Building 306 W Logan St 7,949 SF Vacant Office Building Norristown, PA 19401 $949,226 CAD ($119.41 CAD/SF)



INVESTMENT HIGHLIGHTS
- High-visibility location with over 30,000 vehicles passing strip center daily.
- Value-add potential through renovations, lease-up, and repositioning.
- North end of Norristown. 0.1 miles from East Norriton Township.
- Price is well below replacement cost. Jefferson Hospital is minutes away.
- Corporate backed tenants occupy buildings adjacent to the property.
- Stabilized 16% CAP at $15/SF - "Gateway" to the beautiful suburbs of Montgomery County.
EXECUTIVE SUMMARY
The main level consists of 14 offices/patient rooms with sinks & counters, 2 large work areas, 3 bathrooms and a beautiful lobby with high ceilings and exposed wood beams. The lower level includes a separate entrance, reception area, 7 offices, break room with kitchenette, full bathroom and an 890 SF storage area with metal shelves. Norristown is a transportation hub of the western Philadelphia suburbs. The Norristown High Speed Line connects directly to 69th Street and the Main Line, while the Norristown/Manayunk Line offers direct service into Center City. In addition, the property is near three of the region’s major arteries—Interstate 76, Interstate 476, and Interstate 276—ensuring convenient access for patients or consumers across the metro. The property combines location, accessibility, and healthcare-driven demand to create a compelling upside opportunity. With strategic improvements and lease-up, investors have the ability to generate strong returns in a corridor that continues to thrive and expand.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
7,949 SF
Building Class
C
Year Built/Renovated
1956/1990
Price
$949,226 CAD
Price Per SF
$119.41 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,975 SF
Slab To Slab
9’
Building FAR
0.70
Lot Size
0.26 AC
Zoning
CR - CR. Commercial Retail District. Medical Offices, Retail Strips, Daycares, etc.
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 13-00-21176-006 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $275,275 CAD |
PROPERTY TAXES
Parcel Number
13-00-21176-006
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$275,275 CAD
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Norristown Medical Building | 306 W Logan St
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