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414 E Main St 4,704 SF Retail Building Norristown, PA 19401 $763,295 CAD ($162.27 CAD/SF)
Investment Highlights
- Prime location on E. Main Street with high visibility.
- Two income-generating residential apartments ($1,450/month).
- Close proximity to the $415M Justice Center under construction.
- Restaurant space with a 44-person capacity and basement storage.
- 21 off-street parking spaces with three additional parcels included.
- Located in a rapidly developing area with rising property values.
Executive Summary
Situated in a prime location at 414 E. Main St. in Norristown, PA, this property offers exceptional visibility and investment potential. The restaurant space accommodates 44 occupants and includes a hidden rear kitchen area, a spacious basement for storage, and 21 off-street parking spaces. Additionally, the property features two second-floor one-bedroom residential apartments, generating $1,450 per month in rental income on a month-to-month lease. Included in the sale are three additional parcels: 441 E. Main St., 443 E. Main St., 441 E. Lafayette St., and 443 E. Lafayette St., all designated for parking. With Norristown experiencing significant development, including the ongoing construction of the $415 million Justice Center set for completion in 2026 and multiple new residential projects, this is a rare opportunity to invest in a rapidly growing area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,704 SF
Building Class
C
Year Built
1900
Price
$763,295 CAD
Price Per SF
$162.27 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.54
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
TC-ll - Town Center-ll
Parking
20 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
22’ on Main St
Amenities
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-00-21484-004 | Improvements Assessment | $61,855 CAD |
| Land Assessment | $44,799 CAD | Total Assessment | $106,653 CAD |
Property Taxes
Parcel Number
13-00-21484-004
Land Assessment
$44,799 CAD
Improvements Assessment
$61,855 CAD
Total Assessment
$106,653 CAD
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414 E Main St
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