670 Airy StNorristown, PA 19401

Property Details for 670 Airy St

Year built

1948

Lot size

0.31 AC

Property size (Sq ft)

10,433 SF

Zone code

R2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

13-00-33200-00-6

APU

130033200006

Description

This versatile 10,433 square foot property in Norristown, PA, presents a unique opportunity for businesses needing office and substantial storage space. Located at 670 E Airy St, this single-tenant building boasts a blend of professional office space and a spacious garage/warehouse area, ideal for businesses requiring both. The 1,200 square feet of vacant office space features a welcoming entry, two half-baths, and connects seamlessly to the expansive garage/warehouse. This area includes three overhead doors with electric openers, ample room for at least three large vehicles, and additional space for equipment and storage. A second-floor loft provides extra storage capacity. The 0.3-acre lot includes a large paved area for parking, supplementing the 16 available parking spaces. Built in 1948 and renovated in 2021, the three-story building offers 100 feet of frontage on Sandy St, near Tremont Ave. The property is zoned 4100 Mix (Retail, Office, Apartments - Multi-Use) in Montgomery County, conveniently located in the Norristown Boro submarket, just blocks from Plymouth Township. Utilities are straightforward: tenants are responsible for their electricity (including HVAC via a heat pump) and trash removal

• CAP approach

  CAP return

  Valuation

  6%

  $2,591,719

  6.5%

  $2,392,356

  7%

  $2,221,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,372,339

  Geo Method

  $1,363,176

• Alternative Use

  Use

  Valuation

  Residential

  $2,966,521

  Hospitality

  $2,717,318

  Educational

  $2,260,776

  Medical

  $2,338,528

  Retail

  $3,516,763

Location Insight

City

Norristown

County

Montgomery

State

Pennsylvania

Latitude

40.1123

Longitude

-75.3301

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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