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

Investment properties

Property subtype

Live-work space

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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