104 Egypt RdNorristown, PA 19403

Property Details for 104 Egypt Rd

Year built

1954

Lot size

0.59 AC

Property size (Sq ft)

6,208 SF

Zone code

R2

Property type

Medical offices

Property subtype

Medical centers

APN

63-00-02098-00-8

APU

630002098008

Description

This exceptional mixed-use property at 104 Egypt Road in Norristown, Pennsylvania, presents a unique investment opportunity. Situated on a 0.59-acre lot, this corner property boasts excellent visibility and ample on-site parking. Currently configured as two adjacent medical office suites, each with its own private entrance and shared vestibule, the building offers significant flexibility. Suite A comprises a reception area, waiting room, four offices, a powder room, a conference room (or fifth office), and substantial storage. Suite B includes a waiting room, receptionist's office, four examination rooms, a powder room, a prep sink, a doctor's lab, an x-ray reading counter, and an x-ray enclosure. Both suites feature independent HVAC and electrical services. A shared basement provides laundry facilities and additional storage. The property's zoning allows for diverse uses, making it ideal for a variety of medical practices (such as a medical spa, dental practice, pediatrics, podiatry, or veterinary clinic), or a larger facility like a physical therapy center. With over 3200 square feet of floor space, there's potential to expand existing operations or create a third suite by further subdividing the larger unit (subject to township approval). Its convenient location near King of Prussia, Collegeville, and Audubon makes this property highly accessible. The asking price is $599,999.

• CAP approach

  CAP return

  Valuation

  6%

  $1,563,576

  6.5%

  $1,443,301

  7%

  $1,340,208

• Comparable approach

  Method

  Valuation

  Relative Method

  $796,732

  Geo Method

  $811,137

• Alternative Use

  Use

  Valuation

  Residential

  $1,789,693

  Hospitality

  $1,639,349

  Educational

  $1,363,920

  Medical

  $1,410,827

  Retail

  $2,121,652

Location Insight

City

West Norriton

County

Montgomery

State

Pennsylvania

Latitude

40.1319

Longitude

-75.3852

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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