1,306 Sqft Lot
1,306 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Lot Size 1,306 Sqft
MLS Listing ID PAPH2593408
Financing Cash,Conventional,Negotiable
Total Units 3
Short Sale No
Originating MLS BRIGHT
Property Description
The first-floor commercial space and facade were fully renovated in 2019 with many significant improvements, including commercial windows and doors, new water and electrical service, an ADA-compliant entrance ramp and customer bathroom, new HVAC, kitchen, and retail area with modern finishes. Casa Borinqueña Restaurant currently occupies the space under a NNN lease through 2030, with a tenant option to renew through 2035. The commercial lease includes 3% yearly increases for consistent income growth.
Two full-floor loft-style apartments occupy the 2nd and 3rd levels of the building, featuring hardwood floors, in-unit laundry, central air, modern kitchens and baths, and large windows that give each unit tons of natural light. Both units have a strong rental history and are leased through September 2026 (Unit 2) and December 2026 (Unit 3).
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning CMX2
Interior
Hot Water Electric, Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Tile/Brick, Wood
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors, Ramp - Main Level, Entry Slope <1'
Road Frontage Boro/Township, State
Parking Type On Street
Building
New Construction N
Foundation Brick/Mortar, Stone
Lot Dimensions 28.00 x 75.00
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax Amount $4,798
Tax Year 2025
Tax ID 871541000
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Negotiable
Special Sale Standard
