3 Story Office Complex on Lawyers Row
Norristown, PA

Online Auction

Auction/Sale Date and Time

  • Under Contract

Property Location

513-517 Swede Street
Norristown, PA 19401

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Wednesday, September 27
3:00 - 5:00 PM
Or by appointment.

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Property Number

AL101117A

Property Type

Commercial Real Estate -
Office

Description

    For online bidding for this multi-par auction please go to http://alderfer.auctioneersoftware.com/ and register to bid. 

    Location Location Location! 3 Story Brick Office Complex on Lawyers Row, Swede Street, Norristown, PA, the county seat of Montgomery County. This offering consists of 4 tax parcels with a total usable space of 11,659 sq. ft. and comes with its own private parking area!  The private parking area of 34 spaces is located off of Maple Alley to the rear of the buildings.

    The property is located ½ block, 450 feet, from the Montgomery County Court House and Administration Office. It is within minutes of King of Prussia, Plymouth Meeting, and Conshohocken. It is within walking distance to Norristown Transportation Center (1,200 feet). This area is close to Interstate 476 (Blue Route), I-276 (PA Turnpike), I-76 (Schuylkill Expressway) and US-202.

    This auction consists of two separate entities that will be offered individually and also offered as an entirety.

    The 1st unit consists of 513-515 Swede Street, tax parcel #s 13-00-36272-003 & 13-00-36276-008. Total lot size of 4,920 sq. ft. with 41 feet of road frontage. These 2 interconnected units have of a total useable space of 8,675 sq. ft. and come with their own 25 designated parking spaces off Maple Alley. This unit will sell at or above $200,000! (Plus 10% BP)

    The 2nd unit is known as 517 Swede Street,  tax parcel #13-00-36280-004, total lot size is 1,914 sq ft with 16 foot of road frontage. This unit has 2,900 sq. ft. of useable space and comes with 9 parking spaces. This unit will sell at or above $70,000! (Plus 10% BP) 

    The parking area will be created by a cross easement on 522 Cherry Street. This lot is known as tax parcel # 13-00-07652-003, consists of 11,396 sq. ft. and has 98 foot of road frontage on Maple Alley.

    Notes:

    The County of Montgomery has committed to spend $350,000,000 in capital improvements to its Norristown campus, including complete renovations to the existing historic Court House and One Montgomery Plaza administrative offices, construction of a new criminal justice center, and development of new parking facilities.

    The Lafayette Street corridor, linking new PA Turnpike slip ramps with the Norristown Transportation center and downtown riverfront area, is under construction.

    Two blocks from the Norristown Transportation Center, servicing Regional Rail to Center City, Rt. 100 train to the subway in Upper Darby, and SEPTA busses servicing the greater Philadelphia suburbs.

    5 minutes from the King of Prussia and Plymouth Meeting malls.  

    In Conjunction With: 

    Aptcor Commerical Realtors

AY-0001151-L

Terms and Conditions

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Sanford Alderfer, CAI, MPPA at 800-577-8845 or salderfer@tranzon.com.  All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the FAQ-Frequently Asked Questions.

Buyers Premium: 10% Buyers Premium based on the high bid.
Closing: 45-Day closing, sold in As-Is condition, no contingencies.
Deposit Amount: 10% deposit.
Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

For online bidding please go to http://alderfer.auctioneersoftware.com/ and register to bid. 

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