Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.42

  • Property Type

    Commercial Sale

  • Property Sub Type

    Industrial

Price

  • Sales Price

    $1,400,000

  • Tax Amount

    17717.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    NORRISTOWN AREA

Property Features

  • Stories

    1

  • Sewer

    Public Sewer

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Location

County

MONTGOMERY

Elementary School

Middle School

High School

NORRISTOWN AREA

Listing Courtesy of Mark A Rauch , BHHS Fox & Roach-Haverford

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This property is currently operating as a modern, fresh and packaged food manufacturing and distribution business, the new owner could be up and running almost immediately.  Would also be ideal for a multi-location restaurant prep center (Ghost Kitchen),  Purchase price includes most of the commercial grade equipment and appliances including, but not limited to: Forklift accessible cooler, dehydration rooms, food processors and blenders, stainless steel prep areas, dishwasher station, list attached as a document.  All equipment installed and improvements made were done on or after 2015. Renovations include but are not limited to the following: New electrical, LED lighting, plumbing, HVAC, office, kitchen and baths, new floors in the finished and climate-controlled areas, roofing.  I-276 (PA Turnpike), I-476 (N.E. ext. PA Turnpike),  I-476 (Blue Route) and I-76 are all nearby.  Norristown fire and police departments are within 3 blocks distance. 
This sale offering has 4 tax parcels, 329 E. Penn -building and pad 13-00-29916-00-5, 317 &319 E. Penn-parking area west side (left) 13-00-29908-00-4 & 13-00-29912-00-9, 331 E. Penn- parking area east side (right) 13-00-29928-00-2. Taxes and Assessed Values are totals of the 4 parcels. 
All systems,  equipment and appliances are conveyed as-is, no warranty from seller. 
All measurements, taxes and assessments are currently believed to be correct, buyer/agent due diligence is recommended. 
This property is within the Norristown Opportunity Zone.

329 E PENN STREET

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Restaurant & bar business and building  locates in the prosperous Norristown down area For Sale.  1/F  is a commercial space currently runs as a tavern with "R " liquor license. "R" licensed establishments may sell Beer, Wine & Spirits for on-premises consumption & Beer , Sunday sale permitted, the fair value for the R" liquor license in Montgomery county is around $400,000 which includes in this sale. There is also a kitchen can serve hot food. Customers can enjoy the beer while have delicious dinner the same time. There are another passive income from the slot machines. They also have cigarette license to allow you sell the cigarette to the customers.  Business are great and always busy. It is easy to operate and the seller can train the new owners. There are 3 bedroom apartment on the 2/F with separate entrance and fire exist stairs.  There are total 4 source of incomes, the bar & food, the slot machine , the cigarette sale and the rental incomes. The owner runs the bar and food business for a long time, decides to retire.  There is a comparable on 672-674 E Marshall St recently sold for $1.3 millions.  It is a very rare opportunity to own a commercial property  in downtown Norristown. Possess the R" liquor license- very few for sale in Montgomery county, Also have well built profitable business.
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