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$ 950,000
Est. payment | /mo
1,855 Sqft Lot
$ 950,000
Est. payment | /mo
1,855 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Lot Size 1,855 Sqft
MLS Listing ID PAPH2587538
Subdivision East Falls
Total Units 4
Short Sale No
Originating MLS BRIGHT
Property Description
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
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
Location
State PA
County Philadelphia
Area 19129 (19129)
Zoning CMX-1
Interior
Hot Water Electric
Heating Central, Forced Air
Cooling Central A/C
Flooring Hardwood
Heat Source Electric
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Roof Type Rubber
Accessibility 2+ Access Exits, Entry Slope <1', Ramp - Main Level
Parking Type On Street
Building
New Construction N
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax Amount $4,009
Tax Year 2025
Tax ID 871602655
Ownership Fee Simple
Special Sale Standard
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Listed by Brady Carroll • VRA Realty
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