1223 W MAIN ST Norristown, PA 19401

This great investment property is on a highly visible corner of W. Main Street across from the CVS. The property has an appealing cap rate for any investor who wants to purchases this property and rent out both the commercially zone first floor storefront and second floor apartment. The first floor is currently a successful hair salon and is very well maintained and would take minimal change to make it your own for a quick opening of your business. The first floor provides an open concept with plenty of windows and natural light. It has additional space in the back, which can be used for clients, customers or as a private office. There is also a waiting area and additional space for possible merchandise or a private office as well as a half bath. The exterior is well maintained and provides five off street parking spaces as well as ample on street parking. The layout could also provide many possibilities for other business such as a nail salon, offices, restaurant or many other possibilities which may be confirmed with the city. A business owner can choose to live upstairs to eliminate their commute or rent for additional cash flow. The upstairs is currently owner occupied however has been previously rented for 1,200 dollars a month. The upstairs has a private entrance with two bedrooms, two full baths, a living room, eat-in kitchen and a newly updated oversized deck. The basement is partially finished offering additional space for client meetings or an employee lounge while the unfinished portion provides a laundry area and additional storage. The business and apartment are currently sharing the utilities being owner occupied however they have separate meters and can be easily converted back eliminating any common area gas and electric expenses. The water and sewer are paid by owner as they are tied together however can be reduced drastically as the salon uses more water then average. This property has many possibilities and with low holding costs is worth a look for any investor or business owner looking for a new location on a highly visible corner in Norristown.