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34433424
34433425

3140 Ridge Pike, Norristown, PA 19403 For Sale

SB
PA RB049658C
J.M. Basile & Associates Inc
J.M. Basile & Associates Inc
Listed by J.M. Basile & Associates Inc
$3,500,000
1 day on market
Updated 0 days ago

COLONIAL CENTER

Details
APN 43-00-03216-06-2
Property Type Retail
Sub Type Shopping Center
Square Footage 13,887
Net Rentable (SqFt) 13,887
Units 11
Cap Rate 7.46%
NOI $261,069
Occupancy 100%
Tenancy Multi
Lease Type Modified
Remaining Term 5
Rent Bumps Yes
Class B
Year Built 1955
Year Renovated 2019
Buildings 1
Stories 1
Acreage 1.100
Zoning Ridge Pike Business District
Parking Spaces 60 spaces
Parking per 1,000 SqFt 4.32
Ground Lease No

AVAILABLE FOR SALE 13,887 Square Foot Strip Center on 1.1 Acres

Marketing description

The subject property consists of a freestanding, one-story, eleven (11) unit, commercial strip center containing a gross building area of 13,887± square feet. Constructed in 1955 with recent renovations including newly painted exterior in June 2026, parking lot sealant and re-stripping in July 2026, new HVAC units, all improvements are in good overall physical condition.

The subject property is situated along the south side of W. Ridge Pike, between Eagle Stream Drive and Oaklyn Avenue, in the 'Eagleville' section of Lower Providence Township, Montgomery County, Pennsylvania. Situated 20± miles northwest of Center City Philadelphia, Lower Providence Township contains an area of 15.6± square miles, and is bordered by Skippack Township and Worcester Township to the north, West Norriton Township to the east, Upper Merion Township and the Schuylkill River to the south, and Collegeville Borough and Upper Providence Township to the west. The township is characterized by a mixture of residential, commercial, industrial, and institutional uses.

Investment highlights

  • 13,887 Square Foot Strip Center on 1.1 Acres
  • video Tour https://www.youtube.com/watch?v=UvoEg-JfRAA
  • Great Investment Opportunity with Growth
  • New Roof Coating and HVAC in 2019
  • High Visibility Location, Excellent Accessibility
  • Illuminated Pylon & Digital Signs
  • 60 Vehicle Parking Spaces
  • 166 Feet Of Frontage On West Ridge Pike
  • SEPTA Bus Lines Access to The Norristown Transportation Center
  • C Commercial Zoning Provides For Most All Uses and Retail Store Uses

Listing Contacts

SB
PA RB049658C
J.M. Basile & Associates Inc
J.M. Basile & Associates Inc
Listed by J.M. Basile & Associates Inc

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$261,069.00
$21,755.75/mo

Valuation Metrics

0
DSCR
7.46%
Cap Rate
7.46%
ROI

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Additional Information

Name
Suzanne Basile
License
RB049658C
Brokerage
J.M. Basile & Associates, Inc.
Brokerage Phone
6107684000
Title
Real Estate Broker
Brokerage Address
10119 Valley Forge Circle
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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