3150 Ridge PikeNorristown, PA 19403

  • Land
  • 0.80 AC
For Sale

Property Details for 3150 Ridge Pike

Lot size
0.80 AC
Zone code
GC
Property type
Land
Property subtype
Commercial land
APN
43-00-03216-01-7
APU
430003216017

Description

This exceptional 0.8-acre commercial pad site, located at 3150 Ridge Pike in Norristown, Montgomery County, Pennsylvania (zip code 19403), offers up to 4,536 square feet of development potential. The property boasts a highly visible corner location at a signalized intersection, benefiting from significant daily traffic counts on Ridge Pike. Its strategic placement caters to the commuting workforce in the Eagleville, Trooper, and surrounding areas. The site is already improved and approved for construction, presenting a streamlined development process. Existing site plans include approval for a building with 9,612 square feet of gross leasable area, incorporating a second-floor office space. This versatile property presents a unique opportunity for various commercial ventures. Flexible options are available, including outright sale, lease, ground lease, or build-to-suit arrangements to accommodate specific business needs. The property's strong demographics and convenient location make it an ideal investment for businesses seeking high visibility and accessibility within a thriving community. Don't miss this chance to secure a prime commercial location in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,000,430
    Hospitality
    $9,160,340
    Educational
    $7,621,296
    Medical
    $7,883,404
    Retail
    $11,855,349
3150 Ridge Pike, Norristown, Pennsylvania

Location Insight

City
Norristown
County
Montgomery
State
Pennsylvania
Latitude
40.1568
Longitude
-75.4044
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,540
-
-
$135,850
-
-
-
$135,850

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