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Photo of 219 E Main Street, Norristown PA
219 E Main Street
Norristown, PA 19401
# of Units
2
3 Bdrm Units
1
Acres
0.04
Age
125
Heating
Natural Gas
Cooling
N/A
Water
Public
Sewer
Public
Garages
0
Taxes (2023)
5,120
Additional Details Below

Description

Mixed use building locates in the prosperous Norristown down area For Sale. 1/F is a commercial space currently runs as a tavern with "R " liquor license. "R" licensed establishments may sell Beer, Wine & Spirits for on-premises consumption & Beer , Sunday sale permitted, the fair value for the R" liquor license in Montgomery county is around $400,000 which includes in this sale. There is also a kitchen can serve hot food. Customers can enjoy the beer while have delicious dinner the same time. There are another passive income from the slot machines. They also have cigarette license to allow you sell the cigarette to the customers. Business are great and always busy. It is easy to operate and the seller can train the new owners. There are 3 bedroom apartment on the 2/F with separate entrance and fire exist stairs. There are total 4 source of incomes, the bar & food, the slot machine , the cigarette sale and the rental incomes. The owner runs the bar and food business for a long time, decides to retire. There is a comparable on 672-674 E Marshall St recently sold for $1.3 millions. It is a very rare opportunity to own a commercial property in downtown Norristown. Possess the R" liquor license- very few for sale in Montgomery county, Also have well built profitable business.

Location

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Listing Details

Summary
Architectural Type

Straight Thru

Interior Features
Basement

Permanent

Exterior Features
Exterior Features

Brick

Utilities
Hot Water

Natural Gas

Sewer

Public Sewer

Water

Public

Additional Utilities

Natural Gas Available

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Commercial
Lattitude : 40.113370
Longitude : -75.340520
MLS# : PAMC2141010
Views : 114
Listing Courtesy: Jie Chen of Home Max Realty

Notes

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