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Key Details
Sold Price $395,400
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 1,223 sqft
Price per Sqft $323
Subdivision Francisville
MLS Listing ID PAPH2000721
Sold Date 08/30/22
Originating Board BRIGHT
Year Built 2016
Annual Tax Amount $302
Tax Year 2022
Lot Dimensions 0.00 x 0.00
Property Description
This is a profitable investment with a higher than average cap rate for the area! Leased at $3000 per month NNN 5 yr term. A proven cafe is being outfitted and planned to open this fall. Solid tenant in a growing area. Uniquee opportunity to aquire a larger package - 3 residential condo units (in subject property) and 1623 Ridge Ave commercial space a Bi-Level store front currently leased to a construction management company. Lease through the end of March 22. Previous tenant was a salon and paid $1900 NNN. Units can be purchased individually or as a package deal.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning CMX2
Interior
Hot Water Electric
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 888154538
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Richard K Cassell • KW Philly
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