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.
418 days
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96
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4
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Zillow last checked:
Listing updated:
Listed by:
Mike Chen215-820-1621,
Home Max Realty2159047508
Source: Bright MLS,MLS#: PAMC2141010
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Basement
Area: 0
Heating
None, Natural Gas
Cooling
None, Electric
Appliances
Included: Gas Water Heater
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Parking
Parking features: Off Site
Accessibility
Accessibility features: Accessible Doors
Features
Pool features: None
Lot
Size: 1,539 Square Feet
Dimensions: 18.00 x 0.00
Details
Additional structures: Above Grade, Below Grade
Parcel number: 130021928001
Zoning: COMMERCIAL
Zoning description: tavern, Bar, downtown row
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Straight Thru
Property subtype: Townhouse
Materials
Brick
Foundation: Permanent
Condition
New construction: No
Year built: 1900
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Available
Community & HOA
Location
Region: Norristown
Municipality: NORRISTOWN BORO
Financial & listing details
Tax assessed value: $84,170
Annual tax amount: $5,120
Date on market: 5/19/2025
Listing agreement: Exclusive Right To Sell
Inclusions: Building, R Liquor License, Cigarette License Bar, Restaurant And Slot Machines Business.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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