401 Norristown RdHorsham, PA 19044

  • Commercial land
  • 1.50 AC

Property Details for 401 Norristown Rd

Year built
1968
Lot size
1.50 AC
Zone code
LC3
Property type
Commercial land
APN
36-00-05563-00-8
APU
360005563008

Description

This exceptional Horsham, Pennsylvania retail property, located at 401 Norristown Road, presents a unique investment opportunity. The 1.5-acre site boasts a total of 19,145 square feet of retail space, currently entirely vacant and ready for immediate occupancy. The property is configured to accommodate multiple tenants, offering flexible space options. Individual units range from a minimum divisible size of 2,000 square feet to a maximum contiguous space of 8,466 square feet, providing versatility for a variety of retail businesses. The property's classification includes both residential and commercial designations, reflecting its potential for diverse uses. Its strategic location in Horsham, PA, zip code 19044, offers excellent visibility and accessibility for customers. The entire 19,155 square feet of vacant space presents a blank canvas for a new retail development or the expansion of an existing business. This property is ideal for entrepreneurs seeking a prominent location to establish their business or for investors looking for a high-potential retail investment in a thriving Pennsylvania market. The property's size and layout offer significant potential for customization and adaptation to meet the specific needs of prospective tenants. This is a rare opportunity to acquire a substantial retail space in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $14,961,432
    Hospitality
    $13,704,591
    Educational
    $11,402,059
    Medical
    $11,794,193
    Retail
    $17,736,536

Location Insight

City
Horsham
County
Montgomery
State
Pennsylvania
Latitude
40.1884
Longitude
-75.1469
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,525
-
-
$267,790
-
-
-
$267,790

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