$340,000
$358,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
1,959 SqFt
SOLD DATE : 05/24/2024
Key Details
Sold Price $340,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,959 sqft
Price per Sqft $173
MLS Listing ID PAPH2312778
Sold Date 05/24/24
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $3,440
Tax Year 2022
Lot Size 994 Sqft
Acres 0.02
Lot Dimensions 15.00 x 65.00
Property Description
Discover a unique business opportunity in the heart of Newbold, Philadelphia. This meticulously preserved property boasts a first-floor retail space with exquisite architectural exterior details that have been thoughtfully maintained. Property Highlights: Retail Space: The first floor presents an ideal retail space, perfectly suited for various business ventures. Take advantage of the bustling foot traffic in this vibrant neighborhood. Residential Potential: Ascend to the second and third floors where two spacious apartments await. The architectural charm extends to these living spaces, offering a blend of historic character and modern comfort. Income Potential: The second and third floors present an additional income opportunity. Design the space into one expansive residential unit or two separate units, maximizing your return on investment. Alternatively, reside in one unit and lease out the other for a steady income stream. Location Advantages: Walkability: A remarkable Walk Score of 95 ensures easy access to local amenities and attractions. Transit: Enjoy a Good Transit Score of 78, providing convenient transportation options. Bikeability: With a Bike Score of 86, cycling enthusiasts will appreciate the accessibility and bike-friendly environment. Convenient Access: Strategically located with quick access to Broad St, Passyunk Ave, Oregon Ave, and I-76. Seamless connectivity with the Walk Whitman Bridge to NJ, enhancing regional accessibility. Don't miss out on this rare opportunity to blend business and residential potential in a highly sought-after location.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RSA5
Interior
Hot Water Natural Gas, Electric
Heating Forced Air, Baseboard - Electric
Cooling Central A/C, Window Unit(s)
Heat Source Natural Gas, Electric
Exterior
Utilities Available Electric Available, Cable TV Available, Natural Gas Available
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871573560
Ownership Leasehold
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Howard Kouan • Premium Realty Castor Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "