2940 Dekalb PikeNorristown, PA 19401

Property Details for 2940 Dekalb Pike

Year built

1951

Lot size

1.05 AC

Property size (Sq ft)

7,952 SF

Zone code

C

Property type

Retail space

APN

33-00-01927-00-2

APU

330001927002

Description

This exceptional 7,952 square foot commercial property, situated on a 1.05-acre lot at 2940 Dekalb Pike in Norristown, PA, presents a significant investment opportunity. Located in a bustling business district of East Norriton Township, the building enjoys high visibility with its prominent frontage on State Road N. 202, near Germantown Pike. The property boasts a spacious parking lot accommodating over 40 vehicles, accessed via a convenient driveway. Currently, the building houses one tenant, with significant vacancy offering immediate income potential and flexibility for future development. The first floor features several vacant units, while the entire second floor of the main building is also available. The second floor offers the largest usable space, featuring a wide-open layout suitable for multiple tenants. An extended building at the rear is occupied by a health spa, with the possibility of continued lease occupancy. All units are equipped with secure door entrances. The property is meticulously maintained and has recently passed all necessary inspections. This prime location offers exceptional potential for business growth and expansion, making it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,903,838

  6.5%

  $2,680,466

  7%

  $2,489,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,635,900

  Geo Method

  $2,618,301

• Alternative Use

  Use

  Valuation

  Residential

  $2,261,073

  Hospitality

  $2,071,131

  Educational

  $1,723,157

  Medical

  $1,782,419

  Retail

  $2,680,466

Location Insight

City

East Norriton

County

Montgomery

State

Pennsylvania

Latitude

40.1436

Longitude

-75.3106

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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