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2864 Ridge Pike 4,000 SF 100% Leased Retail Building Norristown, PA 19403 $750,000 ($187.50/SF) 10% Cap Rate
Investment Highlights
- Situated on Ridge Pike, a major retail and commuter corridor in Montgomery County with strong visibility and easy access.
- Proximity to dense residential neighborhoods and key commercial hubs ensures a steady flow of local and regional traffic.
- Centralized location within Norristown market near regional retailers, dining, and essential amenities.
- General Commercial (GC) zoning offers flexible use options, including retail, office, and service-related businesses.
- Well-connected location with quick access to U.S. Route 422, I-76, and I-476, supporting ease of transportation for customers and staff.
Executive Summary
• Mixed-Use Investment - Restaurant + 2 Residential Units
• Strong In-Place Income with Upside Through Rent Increases
• High-Visibility Corner Location on E Trooper Rd (Route 363)
• Ample On-Site Parking - Rare for Corridor Retail
• Dense Montgomery County Demographics with Strong Traffic Counts
• Stabilized Asset with Established Commercial Tenant
• Value-Add Potential via Lease Restructuring & Expense Optimization
• Easy Access to Route 202, I-76 & PA
• Strong In-Place Income with Upside Through Rent Increases
• High-Visibility Corner Location on E Trooper Rd (Route 363)
• Ample On-Site Parking - Rare for Corridor Retail
• Dense Montgomery County Demographics with Strong Traffic Counts
• Stabilized Asset with Established Commercial Tenant
• Value-Add Potential via Lease Restructuring & Expense Optimization
• Easy Access to Route 202, I-76 & PA
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,000 SF
Building Class
B
Year Built/Renovated
1994/2012
Price
$750,000
Price Per SF
$187.50
Cap Rate
10%
NOI
$75,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.16
Lot Size
0.57 AC
Zoning
GC - General Commercial District
Frontage
100’ on Ridge Pike
Amenities
- Restaurant
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 43-00-11545-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $246,500 |
Property Taxes
Parcel Number
43-00-11545-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$246,500
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2864 Ridge Pike
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