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368 E Moore St 9,654 SF 100% Leased Retail Building Norristown, PA 19401 $795,000 ($82.35/SF) 12.49% Cap Rate
INVESTMENT HIGHLIGHTS
- Stable cash flow from both commercial and residential tenants. Upside potential with below-market rents
- Ample Parking: Private, gated parking
- Modern Commercial Spaces
EXECUTIVE SUMMARY
366–368 E. Moore Street, Norristown, PA, is a premier Class B mixed-use property spanning 10,970 sq. ft. across two parcels, ideal for business owners seeking to relocate their operations while generating substantial rental income in Norristown’s thriving redevelopment hub. This well-maintained property includes a 1,408 sq. ft. single-family home (4 bedrooms, 1 bath) with hardwood floors, a new kitchen with granite countertops and stainless appliances, plus a 9,562 sq. ft. commercial building featuring a modern 1,235 sq. ft. apartment (2 bedrooms, 2 bath) with hardwood floors, a new kitchen, and in-unit washer/dryer. The commercial building offers a 4,215 sq. ft. upper commercial space with lofty ceilings, large windows, a glass-walled conference room, and multiple offices, and a 4,112 sq. ft. lower commercial space with a private entry, showroom, large garage bay/workspace, and break room. Business owners can occupy one or both commercial spaces while leasing the residential units or unused commercial space for added revenue. Upgrades include a 5-year-old roof, multi-zoned HVAC with AC, and gated parking for 12+ vehicles. Zoned R-2 Residential with prior commercial uses (e.g., prior gym, contractor offices), buyers must verify uses with Norristown Borough.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
9,654 SF
Building Class
B
Year Built/Renovated
1900/2019
Price
$795,000
Price Per SF
$82.35
Cap Rate
12.49%
NOI
$99,296
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.98
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
R2 - Zoned R-2 Residential with prior commercial uses (e.g., prior gym, contractor offices), buyers must verify uses with Norristown Borough.
Parking
4 Spaces (0.37 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- J. Martinique Events, LLC
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- WC Fitness LLC
- Arts, Entertainment, and Recreation
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| J. Martinique Events, LLC | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| WC Fitness LLC | Arts, Entertainment, and Recreation | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-00-25996-001 | Total Assessment | $177,500 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
13-00-25996-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$177,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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368 E Moore St
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