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219 East Main Street

Norristown PA 19401

3
1539 sq. ft.
Duplex
Currently for sale - view listing

Overview

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.

Features

3 bedrooms
1539 sq. ft. lot size
Duplex

Happy sellers in Norristown

89%
89% of sellers in Norristown reported that their sale price either exceeded or met their price expectations.

Norristown stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Norristown over the last 12 months.

Local market activity for 3 bedroom duplexes in Norristown

In the last 12 months, 10 three-bedroom duplexes similar to 219 East Main Street, have been sold.

This represents a 77% increase in three-bedroom duplexes sales when compared to the previous 12 months.

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