14 Orchard LnNorristown, PA 19403

Property Details for 14 Orchard Ln

Year built

1915

Lot size

0.52 AC

Property size (Sq ft)

7,514 SF

Zone code

C

Property type

Investment properties

Property subtype

Live-work space

APN

63-00-05536-00-8

APU

630005536008

Description

This exceptional mixed-use property in Norristown, Pennsylvania, presents a compelling owner-user or investment opportunity. The 5,160 square foot complex comprises two buildings on a 0.52-acre lot. Building 1, a one-story office building (2,378 square feet above grade, plus 1,733 square feet of semi-finished lower level space), features multiple offices, restrooms, and ample storage. Building 2 is a one-story auto-service garage (2,702 square feet) with 14-foot ceilings and three 12x12-foot drive-in doors. The buildings are connected by a small breezeway. The property is zoned C and currently houses two tenants under a gross lease. The combined buildings offer 50.41% finished space. This property is situated on two contiguous parcels totaling 22,790 square feet (0.52 acres) and is identified by Tax Parcel Nos. 63-00-05536-00-8 and 63-00-05533-00-2. The asking price is $825,000. Floor plans are available upon request. This is an excellent opportunity to acquire a well-located, versatile commercial property in a thriving Montgomery County market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,892,511

  6.5%

  $1,746,934

  7%

  $1,622,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $964,344

  Geo Method

  $981,779

• Alternative Use

  Use

  Valuation

  Residential

  $2,166,198

  Hospitality

  $1,984,226

  Educational

  $1,650,852

  Medical

  $1,707,628

  Retail

  $2,567,992

Location Insight

City

West Norriton

County

Montgomery

State

Pennsylvania

Latitude

40.132

Longitude

-75.3784

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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