Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1939
Sq.Footage
N/A
Three-story Mixed-Use Investment Property located on a prominent corner lot in the East Falls neighborhood of Philadelphia, PA. Ideally located in an up-and-coming and vibrant section of the city right near Thomas Jefferson University. The property is surrounded by long established landmarks, new retailers and trendy restaurants, and with an attractive mix of students, families and long time residents. This 3,769 SF building is zoned as CMX-1, which supports both the neighborhood-serving retail businesses and apartments above. The ground floor is 1,575 SF of storefront retail space that is currently a beautiful 575 SF salon, and the remaining 1,000 SF was previously a cafe and could be leased to many different types of businesses that would compliment the surrounding area. The kitchen hood and systems are still in place for a new food & beverage tenant to take advantage of. The second and third floor are two (2) three-bedroom / 1-bath apartments that have been updated nicely and feature private balconies and central air. Most major capital expenditures have been recently upgraded including the mechanicals and utilities. There is great value-add potential through leasing up the vacant retail space and increasing the apartment rents to marker rate. This property is an excellent long term investment with many options to create value
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Electric, Central, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Concrete
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.04
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$950,000
-
Tax Amount
$4,009
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Brady M Carroll , VRA Realty
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AGENT
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