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1501 Powell Street is a well-located corner property offering strong visibility and income potential. This mixed-use building is a great fit for investors looking for stable cash flow in a growing market. The first floor features a fully operational grocery store, currently leased through 2028, providing reliable rental income. With a separate entrance, the second floor offers a functional 2-bedroom apartment. Just installed several new windows. The unit just signed 2 years lease until 4/30/2027. Total rental income is $2650. Separate utilities and entrances. The property will be sold AS IS . Schedule your appointment today
| DAYS ON MARKET | 12 | LAST UPDATED | 4/8/2025 |
|---|---|---|---|
| YEAR BUILT | 1930 | COMMUNITY | Norristown Boro (10613) |
| COUNTY | MONTGOMERY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | NORRISTOWN AREA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Gas Water Heater |
| AREA | Norristown Boro (10613) |
| CONSTRUCTION | Brick |
| HEAT | Electric, Natural Gas, Radiant |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 18.00 x 0.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 5466 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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