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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Mike Chen • Home Max Realty

$1,200,000

Est. payment - /mo

1,539 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAMC2141010

Style Straight Thru

Year Built 1900

Annual Tax Amount $5,120

Tax Year 2023

Lot Size 1,539 Sqft

Acres 0.04

Lot Dimensions 18.00 x 0.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property 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

State PA

County Montgomery

Area Norristown Boro (10613)

Zoning COMMERCIAL

Interior

Hot Water Natural Gas

Heating None

Cooling None

Inclusions building , R liquor license, cigarette license Bar , restaurant and slot machines business.

Heat Source Natural Gas

Exterior

Utilities Available Natural Gas Available

Water Access N

Accessibility 32\"+ wide Doors

Garage N

Building

Foundation Permanent

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Norristown Area

Others

Tax ID 13-00-21928-001

Ownership Fee Simple

Special Listing Condition Standard

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Nearby Locations

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland 20895, USA

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219 E MAIN ST Norristown, PA 19401