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Premier Barber School 573 E Main St 6,400 SF 100% Leased Retail Building Norristown, PA 19401 $1,000,000 ($156.25/SF) 8% Cap Rate
Investment Highlights
- Fully Leased corner property on main street
- fullyimproved interior and exterior
- Barber School is long term tenant
Executive Summary
This is a rare opportunity to acquire a turnkey retail Investment asset on a growing corridor. The property’s strong tenancy, strategic location, and updated condition make it ideal for investors seeking reliable cash flow and long-term upside. Adjacent 571 East Main is a vacant residential/office rental and could also be rented and is for sale at $185,000
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$80,000
|
$12.50
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $80,000 |
| Annual Per SF | $12.50 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,400 SF
Building Class
C
Year Built
1900
Price
$1,000,000
Price Per SF
$156.25
Cap Rate
8%
NOI
$80,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.13
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
R2
Frontage
40’ on Main St
Amenities
- Signalized Intersection
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-00-22212-005 | Improvements Assessment | $109,070 |
| Land Assessment | $23,020 | Total Assessment | $132,090 |
Property Taxes
Parcel Number
13-00-22212-005
Land Assessment
$23,020
Improvements Assessment
$109,070
Total Assessment
$132,090
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Premier Barber School | 573 E Main St
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