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Listed by Mark Gerard Gola • Gola Corporate Real Estate, Inc
$3,200,000
Est. payment /mo
20,754 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 20,754 sqft
Price per Sqft $154
MLS Listing ID PAMC2148362
Year Built 1981
Annual Tax Amount $65,816
Tax Year 2024
Lot Size 2.490 Acres
Acres 2.49
Lot Dimensions 390.00 x 0.00
Property Sub-Type Office
Source BRIGHT
Property Description
DO NOT REACH OUT TO MARK GOLA. Reach out to Brian Gola at 484-881-1783 or bgola@gola.com Gola Real Estate Investment Services is pleased to present an exceptional opportunity to purchase 2490 Boulevard of the Generals, Norristown, PA. The 2-story office building is 100% occupied by 5 tenants totaling 20,754 Square Feet.
Option for User Buyers. There is an option where the Sellers are able to deliver a 7,951 SF space vacant if the Buyer wants to occupy the building themselves. The building has a historically strong occupancy with 3 of the 5 tenants being here 15+ years. Located in the Limited Commercial & Industrial District allows for a diverse range of uses such as traditional office, medical office, or light industrial uses.
Total Gross income of $468,819 with 2024 Operating Expenses of $199,595. Net Operating Income of $269,224 which is an 8.41% cap rate at Ask Price
Option for User Buyers. There is an option where the Sellers are able to deliver a 7,951 SF space vacant if the Buyer wants to occupy the building themselves. The building has a historically strong occupancy with 3 of the 5 tenants being here 15+ years. Located in the Limited Commercial & Industrial District allows for a diverse range of uses such as traditional office, medical office, or light industrial uses.
Total Gross income of $468,819 with 2024 Operating Expenses of $199,595. Net Operating Income of $269,224 which is an 8.41% cap rate at Ask Price
Location
State PA
County Montgomery
Area West Norriton Twp (10663)
Zoning LC&I
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 84.0
Water Access N
Accessibility Elevator
Total Parking Spaces 84
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 63-00-00462-555
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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