1601-1603 Dekalb Street

1601-1603 Dekalb Street Norristown, PA 19401

1601-1603 Dekalb Street, Norristown, PA, 19401
1601-1603 Dekalb Street, Norristown, PA, 19401 1601-1603 Dekalb Street, Norristown, PA, 19401 1601-1603 Dekalb Street, Norristown, PA, 19401 1601-1603 Dekalb Street, Norristown, PA, 19401
FOR SALE
Property Type:
Big Box Retail
Amount:
$1,495,000
Last Verified:
Oct 27, 2022

Highlights

  • High exposure location on a major commuter route
  • Auto service center in business for many years
  • Mixed use site with retail / auto / apartments
  • Great opportunity for value-add enhancements
  • ~8,400 sf auto building across two floors
  • Fully leased four apartments + commercial unit
  • Significant amount of auto parts inventory available for sale

Description

Prime commercial property available on Dekalb Pike in Norristown, Montgomery County, PA. This exceptional property is ideal for an owner/user or investor. The property is comprised of a two story auto repair shop and a 5-unit mixed use building. The auto repair shop features a large parking lot, multi-bay facility, private office, and ample storage space. The mixed-use building includes four well-maintained apartments and a ground floor commercial space. While this is an exceptional opportunity for an auto user, the income potential makes this offering ideal for a variety of investors alike.

1601-1603 Dekalb Street

Building Size: 13254sq ft
Lot Size: 0.37 acres

Map of 1601-1603 Dekalb Street, Norristown, PA, 19401

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.