1501 POWELL ST, Norristown, PA 19401
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Edward Cole

Edward Cole

+1(610) 416-6753
Listed by Andrew Spognardi • RE/MAX Signature
$299,900
Est. payment /mo
2,160 Sqft Lot
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAMC2183974

Year Built 1930

Annual Tax Amount $5,466

Tax Year 2024

Lot Size 2,160 Sqft

Acres 0.05

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Great investment opportunity at 1501 Powell, a mixed use property with first floor commercial and second floor residential. The first floor is rented through 2028 and is currently a grocery market. The second floor apartment has been updated nicely, featuring 2 bedrooms and a spacious family room. The building has a large basement that can be utilized by the landlord for storage, as well as updated mechanicals.

over 9% cap rate, commercial tenant since 2023 and an updated apartment. Property being sold as-is, please contact listing agent for info on upstairs access.

Location

State PA

County Montgomery

Area Norristown Boro (10613)

Zoning R1A

Interior

Hot Water Electric, Natural Gas

Heating Radiator

Cooling Central A/C, Wall Unit

Heat Source Electric, Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Norristown Area

Others

Tax ID 13-00-31640-009

Ownership Fee Simple

Special Listing Condition Standard

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Bright MLS (BMLS)

Nearby School & Business

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Edward Cole

Edward Cole

+1(610) 416-6753

Broker Associate | License ID: PA: AB067617 | DE: RB0020595

Broker Associate License ID: PA: AB067617 | DE: RB0020595

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