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Key Details
Sold Price $735,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1002737154
Sold Date 07/29/16
HOA Y/N N
Originating Board TREND
Year Built 1928
Annual Tax Amount $15,549
Tax Year 2016
Lot Size 0.718 Acres
Acres 0.72
Lot Dimensions 186
Property Description
Red brick , freestanding industrial building on 2 floors. Street access from both upper and lower levels. Features tailgate on one floor and drive in loading on the other. Both heavy load floors of approximately 14,000 SF each are serviced by a hydraulic freight elevator and 400 AMP 3 Phase power. All windows have been replaced with vinyl insulated , double hung windows; gas heat throughout. Fully sprinklered. Large rear yard with storage sheds. Ample parking. 5000 sf third floor for light storage. Asphalt and built-up roofing systems. Heavy steel frame. Located on the corner of Markley St and W Basin St. 3 year streetscape improvement project on Markley Street / Route 202 has been completed past this building. Improvements include new 2 way traffic roadways with parking bump-outs and new street lighting, sidewalks and landscaping. Property is grandfathered for industrial / warehouse use. This would make a great new mixed use, residential development site. Underlying zoning is R-2. With Special exception approval uses may include family day care home, Group homes, light manufacturing, assembly of finished products, administrative or professional offices, residential mixed use conversion, retail stores, personal service shops , house of worship, church & schools. Rear yard may accommodate up to 20 parking spaces. 20,000+ car traffic count on Markley Street. The property is walking distance to the Elm Street Train Station and Septa R6 line. Public transportation to King of Prussia. Minutes to King of Prussia Mall, I-76 and the Pennsylvania Turnpike.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning R2
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water Access N
Roof Type Flat,Pitched
Accessibility None
Road Frontage Boro/Township, State
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-23388-008
Ownership Fee Simple
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Bob Gauger
Broker Associate | License ID: 312506
Broker Associate License ID: 312506