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Premier Barber School 573 E Main St 6,400 SF 100% Leased Retail Building Norristown, PA 19401 $1,395,920 CAD ($218.11 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased corner property on main street
- fullyimproved interior and exterior
- Barber School is long term tenant
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a turnkey retail Investment asset on a growing corridor. The property’s strong tenancy, strategic location, and updated condition make it ideal for investors seeking reliable cash flow and long-term upside. Adjacent 571 East Main is a vacant residential/office rental and could also be rented and is for sale at $185,000
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$111,674
|
$17.45
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $111,674 |
| Annual Per SF | $17.45 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,400 SF
Building Class
C
Year Built
1900
Price
$1,395,920 CAD
Price Per SF
$218.11 CAD
Cap Rate
8%
NOI
$111,674 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.13
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
R2
Frontage
40’ on Main St
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-00-22212-005 | Improvements Assessment | $152,702 CAD |
| Land Assessment | $32,229 CAD | Total Assessment | $184,931 CAD |
PROPERTY TAXES
Parcel Number
13-00-22212-005
Land Assessment
$32,229 CAD
Improvements Assessment
$152,702 CAD
Total Assessment
$184,931 CAD
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Premier Barber School | 573 E Main St
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