23 Germantown PikeNorristown, PA 19401

Property Details for 23 Germantown Pike

Year built

1999

Lot size

11.92 AC

Property size (Sq ft)

123,167 SF

Zone code

BP

Property type

Strip malls

Property subtype

Neighborhood centers

APN

33-00-03337-00-5

APU

330003337005

Description

This exceptional retail opportunity presents 121,052 square feet of space within the thriving East Norriton Shopping Center, located in Montgomery County, Pennsylvania. The center boasts a strong tenant mix, including Weis Markets, Fine Wine & Good Spirits, CosmoProf, Fresenius Medical Care, Jefferson Health, Citizens Bank, and Kids First Swim Schools. Currently, there is 14,013 square feet of vacant space available, divisible to a minimum of 1,161 square feet and with a maximum contiguous space of 109,168 square feet. The property enjoys a highly visible location on Route 202, benefiting from a daily traffic count of 28,242 vehicles on Germantown Pike. Ample parking is available for customers and employees. Signage opportunities exist for new tenants. The center is strategically situated in East Norriton, a township combining residential, commercial, and industrial areas, just eight miles northwest of Philadelphia. Nearby shopping malls include the Plymouth Meeting Mall and the King of Prussia Mall, further enhancing the area's retail draw. This is a rare chance to secure space in a well-established, high-traffic retail center with excellent co-tenancy. The property offers a unique opportunity for businesses seeking a prominent location in a thriving community. Three suites are available in total.

• CAP approach

  CAP return

  Valuation

  6%

  $44,976,992

  6.5%

  $41,517,220

  7%

  $38,551,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,826,956

  Geo Method

  $40,554,360

• Alternative Use

  Use

  Valuation

  Residential

  $35,021,328

  Hospitality

  $32,079,350

  Educational

  $26,689,642

  Medical

  $27,607,540

  Retail

  $41,517,220

Location Insight

City

East Norriton

County

Montgomery

State

Pennsylvania

Latitude

40.1435

Longitude

-75.3131

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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