306 W Logan St - Medical FOR SALE


Norristown, PA 19401
$680,000 USD
215-531-7072
306 W Logan St, Norristown, PA for Sale
$680,000 USD
Medical - FOR SALE
1/12
null | Request Cap Rate

NEW


306 W Logan St
Norristown, PA 19401


HIGHLIGHTS

  • High-visibility location with over 30,000 vehicles passing strip center daily.
  • Price is well below replacement cost. Jefferson Hospital is minutes away.
  • Value-add potential through renovations, lease-up, and repositioning.
  • Corporate backed tenants occupy buildings adjacent to the property.
  • North end of Norristown. 0.1 miles from East Norriton Township.
  • Stabilized 16% CAP at $15/SF - "Gateway" to the beautiful suburbs of Montgomery County.

OVERVIEW

The main level consists of 14 offices/patient rooms with sinks & counters, 2 large work areas, 3 bathrooms and a beautiful lobby with high ceilings and exposed wood beams. The lower level includes a separate entrance, reception area, 7 offices, break room with kitchenette, full bathroom and an 890 SF storage area with metal shelves. Norristown is a transportation hub of the western Philadelphia suburbs. The Norristown High Speed Line connects directly to 69th Street and the Main Line, while the Norristown/Manayunk Line offers direct service into Center City. In addition, the property is near three of the region’s major arteries—Interstate 76, Interstate 476, and Interstate 276—ensuring convenient access for patients or consumers across the metro. The property combines location, accessibility, and healthcare-driven demand to create a compelling upside opportunity. With strategic improvements and lease-up, investors have the ability to generate strong returns in a corridor that continues to thrive and expand.

FOR SALE DETAILS

PRICE

$680,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Norristown Medical Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

CR

APN/PARCEL ID

13-00-21176-006

ASK ABOUT THIS PROPERTY

Tom WigginsMarcus & MillichapMore Info
215-531-7072

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Tom WigginsMarcus & MillichapMore Info
215-531-7072

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.