Main Ridge Center
2450 W. Main St, Norristown, PA 19403
Multi Tenant Retail
Listing Price:
$1,788,927
» Currently this asset is 73.55% Occupied, there is a 5,000 SF vacant unit on the second floor of the Professional Building
» Future Ownership will have the ability to lease this space at $5 PSF (NNN) – this will add another $46,500 potentially to the NOI ($600K + in Value)
» (1.19) acres of raw land to develop behind the back retail building included in the sale
» Main Ridge Center is 18,906 SF and you also have the ability to acquire Burnridge Center which is 16,900 SF located less than a mile away (Same Seller)
» Acquiring this asset at $94 PSF is well below what it would cost to build in today’s current environment
» The professional building has signed 5 new leases in the last 12 months
» Norristown, PA is located in a very mature section of Montgomery County that has seen continued population growth year over year











