414 E MAIN ST, Norristown, PA 19401
414 E MAIN ST, Norristown, PA 19401
414 E MAIN ST, Norristown, PA 19401
414 E MAIN ST, Norristown, PA 19401
414 E MAIN ST, Norristown, PA 19401
414 E MAIN ST, Norristown, PA 19401
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$ 400,000
Est. payment | /mo

2,958 Sqft Lot


Save
$ 400,000
Est. payment | /mo
Save

2,958 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Lot Size 2,958 Sqft

MLS Listing ID PAMC2132712

Financing Cash,Conventional

Total Units 2

Short Sale No

Originating MLS BRIGHT

Property Description

Don't miss the chance to own one of Norristown's most sought-after locations 414 E. Main St. only 2 blocks from Montgomery County's $415,000,000 Justice Center that is still currently under construction slated for an end of 2026 completion! 414 E. Main St. which has been the home of Lou's Steak Shop for the last 83 years, where generation's of the Alba family have served the most delicious Cheese Steaks and Italian Zep's to the public. Situated on the bustling E. Main Street in Norristown, Pa. directly across from the historic Holy Savior Parish, this property offers unmatched visibility.
Property Highlights: The restaurant holds 44 occupants, has 21 off street parking spaces, a rear hidden kitchen area, large basement storage area, 2 1 bedroom 2nd floor residential apartments that are collecting $1,450.00 per month, both Leases are month to month. There are 3 additional parcels included with the sale of 414 E. Main St. 441 E., 443 E. Main St., 441 E. Lafayette St., 443 E. Lafayette St. (all parking areas). Norristown is on the move with property values on the rise. Never has so much development been present in Norristown since it's last growth spurt which dates back to 1853! Combined with the above-mentioned Justice Center there are multiple new residential Construction projects as well, currently under construction with hundreds of new homes on the way. Be a part of Norristown's growth while you still can!

Contact us today to schedule a showing and explore the potential this property holds for you!

PLEASE NOTE LOU'S STEAK SHOP AND ALL IT'S EQUIPMENT AND FURNITURE ARE NOT INCLUDED WITH THE SALE PRICE AND IS BEING SOLD SEPERATELY. THE PROPERTY IS ONLY AVAILABLE WITH A SUCCESSFUL PURCHASE OF THE LOU'S STEAK SHOP BUSINESS. AGENT WILL DIRECT ANY PROSPECTIVE BUYER TO THE BUSINESS OWNERS' REPRESENTATIVE.

Location

State PA

County Montgomery

Area Norristown Boro (10613)

Zoning TOWN CENTER II ZONING

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Tile/Brick, Solid Hardwood, Laminated

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Garage Spaces 21

Waterfront N

Water Access N

Roof Type Asphalt

Street Surface Paved

Accessibility Level Entry - Main

Road Frontage Boro/Township

Parking Type On Street, Parking Lot

Total Parking Spaces 21

Building

New Construction N

Foundation Stone

Lot Dimensions 22.00 x 0.00

Sewer Public Sewer

Water Public

Schools

School District Norristown Area

Others

Tax Amount $4,848

Tax Year 2024

Tax ID 13-00-21484-004

Ownership Fee Simple

Security Features Electric Alarm

Acceptable Financing Cash, Conventional

Special Sale Standard

Bright MLS (BMLS)
Listed by Michael Marchese • Coldwell Banker Realty

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414 E MAIN ST