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Premier Barber School 573 E Main St 6,400 SF 100% Leased Retail Building Norristown, PA 19401 $1,364,240 CAD ($213.16 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 |
$109,139
|
$17.05
|
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 | $109,139 |
| Annual Per SF | $17.05 |
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
$1,364,240 CAD
Price Per SF
$213.16 CAD
Cap Rate
8%
NOI
$109,139 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
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-00-22212-005 | Improvements Assessment | $148,798 CAD |
| Land Assessment | $31,405 CAD | Total Assessment | $180,202 CAD |
Property Taxes
Parcel Number
13-00-22212-005
Land Assessment
$31,405 CAD
Improvements Assessment
$148,798 CAD
Total Assessment
$180,202 CAD
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Premier Barber School | 573 E Main St
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