536 Swede StNorristown, PA 19401

Property Details for 536 Swede St

Year built

1900

Lot size

0.09 AC

Property size (Sq ft)

3,720 SF

Zone code

TC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

13-00-36056-00-3

APU

130036056003

Description

This exceptional commercial property at 536 Swede Street, Norristown, Pennsylvania, presents a compelling investment opportunity. Boasting 2,790 square feet on a 0.09-acre lot, this office building is strategically located just one block from the Montgomery County Courthouse, ensuring high visibility and convenient access. The property features three individual office spaces, perfect for a variety of business configurations or subleasing opportunities. Ample parking is provided with an 8-car rear lot, including 4 spaces without tandem parking. A large conference room facilitates meetings and collaborations, while three bathrooms strategically placed throughout the building enhance functionality. The layout also includes multiple spacious work areas and private offices, providing flexibility for diverse business needs. A sizable basement offers valuable additional storage or utility space. Beyond the building itself, a large side yard presents significant potential for expansion of the building footprint or the creation of attractive outdoor space. This property's prime location in a high-traffic area is ideal for businesses seeking increased foot traffic and enhanced brand visibility. Its proximity to the courthouse makes it particularly attractive to legal, professional, or startup businesses. The asking price is $265,000. This property offers a unique blend of convenience, flexibility, and prominent location, making it an excellent choice for both owner-occupiers and investors seeking strong rental income potential.

• CAP approach

  CAP return

  Valuation

  6%

  $936,937

  6.5%

  $864,865

  7%

  $803,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $477,423

  Geo Method

  $486,055

• Alternative Use

  Use

  Valuation

  Residential

  $1,072,432

  Hospitality

  $982,342

  Educational

  $817,297

  Medical

  $845,405

  Retail

  $1,271,351

Location Insight

City

Norristown

County

Montgomery

State

Pennsylvania

Latitude

40.1171

Longitude

-75.3427

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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