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$599,000
Est. payment /mo
1,874 SqFt
UPDATED:
10/28/2024 08:29 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Under Contract
Purchase Type For Sale
Square Footage 1,874 sqft
Price per Sqft $319
Subdivision Society Hill
MLS Listing ID PAPH2328246
Originating Board BRIGHT
Year Built 1988
Annual Tax Amount $6,506
Tax Year 2024
Lot Size 972 Sqft
Acres 0.02
Lot Dimensions 16.00 x 61.00
Property Description
INVESTOR ALERT!!...Mixed use, two unit, located ULTRA PRIME, historic, HeadHouse Square in Society Hill! This property currently has the first floor/basement retail continuously occupied by Tullycross Fine Irish Handcrafts since 1988 (month to month lease) and a residential bi-level owners unit offering 2 beds / 2 baths (vacant). Residential unit (2nd floor of building) offers first level LR/DR/Kitchen and upper level loft area flex space perfect for office, guests, peloton and much more! Property was owner occupied since 1988 and has been maintained well including a new roof and updated HVAC. Private rear courtyard off first floor. Commercial rental comps in the $2500-$3000/month range. Residential comps in the $2400-$2600/range. Projected Gross Ann. Inc $5000/month+ making this a 7+ cap in an A++ location. Lot is 16x61 and is zoned CMX-1. CMX-1 does not always require commercial usage (please consult a zoning attorney if you're interested in a conversion to single family). Property is located in the McCall elementary school catchment area. Versatile opportunity, to owner operate, house hack, redevelop, or cash flow. Located in the heart of Society Hill - walk score of 98 - no car needed, bike score of 87, transit score of 96 offering easy access to 95/676/76, SEPTA, and other public transportation. In close proximity to the Society Hill corridor restaurants, nightlife, coffee shops, gym, shopping, cafes, and parks. PROPERTY BEING SOLD AS-IS / WHERE-IS.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
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 871271800
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Listed by Frank L DeFazio • BHHS Fox & Roach-Center City Walnut
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