Active
371 E Main St
Norristown PA, 19401
$2,995,000
Active
Commercial
Built in 1900
SJI Jackson Real Estate extends to qualified investors the opportunity to acquire the fee simple interest in the +/- 1.8 acre mixed use development site located at the corner of 371 E. Main Street in Norristown, Pennsylvania. The property consists currently of 19 individual lots situated in the Town Center-II zoning district which allows for a variety of commercial and residential uses. Sketch plans are currently in place that would allow for 18,966 of ground floor retail/commercial use, 82-98 surface parking spaces, between 60 to 96 residential units with a roof deck (floor count dependent). This project is situated in Norristown Borough's Federal Qualified Opportunity Zone, allowing for beneficial tax investment incentives, and has been awarded a Redevelopment Assistance Capital Program (RACP) grant from the Commonwealth of Pennsylvania. The site is located in close proximity to the Montgomery County Courthouse and SEPTA's Norristown Transportation Center, with an estimated 17,500 car traffic count.
PAMC2058878
MLSⓇ ID
November 29, 2022
Listed
February 21, 2025
Updated
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.28 Acres
Sewer
Public Sewer
Other Property Details
Area Name
NORRISTOWN BORO
Taxes
$6,192
Tax Frequency
Annually
Days on Market
310
Garage
No
Parking
On Street
View
No
County
MONTGOMERY
Water Source
Public
Pool
No
Listed by SJI Jackson Realty, LLC
Listing Contact: 8567184372
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Data last updated on 2/21/2025 at 12:31 AM UTC
