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$400,000
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Property Description
Don't miss the chance to own one of Norristown's most sought-after locations 414 E. Main St. only 2 blocks from Montgomery County's $415,000,000 Justice Center that is still currently under construction slated for an end of 2026 completion! 414 E. Main St. which has been the home of Lou's Steak Shop for the last 83 years, where generation's of the Alba family have served the most delicious Cheese Steaks and Italian Zep's to the public. Situated on the bustling E. Main Street in Norristown, Pa. directly across from the historic Holy Savior Parish, this property offers unmatched visibility. Property Highlights: The restaurant holds 44 occupants, has 21 off street parking spaces, a rear hidden kitchen area, large basement storage area, 2 1 bedroom 2nd floor residential apartments that are collecting $1,450.00 per month, both Leases are month to month. There are 3 additional parcels included with the sale of 414 E. Main St. 441 E., 443 E. Main St., 441 E. Lafayette St., 443 E. Lafayette St. (all parking areas). Norristown is on the move with property values on the rise. Never has so much development been present in Norristown since it's last growth spurt which dates back to 1853! Combined with the above-mentioned Justice Center there are multiple new residential Construction projects as well, currently under construction with hundreds of new homes on the way. Be a part of Norristown's growth while you still can! Contact us today to schedule a showing and explore the potential this property holds for you! PLEASE NOTE LOU'S STEAK SHOP AND ALL IT'S EQUIPMENT AND FURNITURE ARE NOT INCLUDED WITH THE SALE PRICE AND IS BEING SOLD SEPERATELY. THE PROPERTY IS ONLY AVAILABLE WITH A SUCCESSFUL PURCHASE OF THE LOU'S STEAK SHOP BUSINESS. AGENT WILL DIRECT ANY PROSPECTIVE BUYER TO THE BUSINESS OWNERS' REPRESENTATIVE.
Full Property Details
Full Property Details for 414 E Main St
General
- Price: $400,000
- Taxes: $4,848 (2024)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSPhilly
- MLS ID: PAMC2132712
- Updated: 3/6/2026
- Added to Site: 379 day(s) ago
Business
- Business Type: Restaurant/Bar
Interior
- Flooring: Tile/Brick, Solid Hardwood, Laminated
Rooms
Bathrooms
- Restrooms: 2
Additional Information
- Security/Safety: Electric Alarm
Parking
- Total Spaces: 21
- Parking Features: Lighted Parking, Paved Parking
- Parking Type: On Street, Parking Lot
Location
- Area: Norristown Boro (10613)
- Municipality: NORRISTOWN BORO
- County: MONTGOMERY
- Driving Directions: West on Main St. Building is on the left.
- Location Details: Downtown
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Block
- Foundation: Stone
- Roof: Asphalt
- Entry Floor Number: 1
- Stories/Levels: 2
- Building Size: 4704
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Average
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 2,958
- Lot Size Source: Assessor
- Lot Dimensions: 22.00 x 0.00
- Street/Road Desc.: Paved
- Fence: Yes
- Zoning: TOWN CENTER II ZONING
Financial Considerations
- Price Per Sq. Ft.: $85.03
- Assessment Year: 2025
- School Tax: $3,012
- City/TownTax: $1,402
- City/TownTax Freq: Annually
- County Tax: $403
- County Tax Freq: Annually
- Tax w/Assessment: $76,850
- Tax Amount: $4,848
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 5
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 414 E Main St
School District:Norristown Area School District
| Name | Grades | Distance |
|---|---|---|
Stewart Middle School 1315 West Marshall Street, Norristown, PA 19401 | 5-8 | 1.5 mi |
East Norriton Middle School 330 Roland Dr, Norristown, PA 19401 | 5-8 | 3 mi |
Paul V Fly El School 2920 Potshop Road, Norristown, PA 19403 | K-4 | 3.4 mi |
Norristown Area High School 1900 Eagle Drive, Norristown, PA 19403 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 414 E Main St
Date
Details
Price
Change
Source
3/18/2025
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 414 E Main St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,904
1%
$76,850
—
2024
$4,850
3%
$76,850
—
2023
$4,717
1%
$76,850
—
2022
$4,675
2%
$76,850
—
2021
$4,574
2%
$76,850
—
2020
$4,475
3%
$76,850
—
2020
$4,342
2%
$76,850
—
2019
$4,263
2%
$76,850
—
2018
$4,183
7%
$76,850
—
2017
$3,915
3%
$76,850
—
2016
$3,792
2%
$76,850
—
2015
$3,721
4%
$76,850
—
2014
$3,568
—
$76,850
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 414 E Main St
414 E Main Street, Norristown, PA 19401 (MLS# PAMC2132712) is a Commercial Service property. 414 E Main Street is currently listed for $400,000 and was received on March 18, 2025. This property is listed by Michael Marchese from our Blue Bell Office.Want to learn more about 414 E Main Street? Do you have questions about finding other Commercial Service real estate for sale in Norristown? You can browse all Norristown real estate or contact a Coldwell Banker agent to request more information.


