Bought with Kaijie Zhao • GE21 Realty
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Key Details
Sold Price $530,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,109 sqft
Price per Sqft $65
MLS Listing ID PAPH2144338
Sold Date 12/19/22
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $4,079
Tax Year 2022
Lot Size 3,953 Sqft
Acres 0.09
Lot Dimensions 48.00 x 75.00
Property Sub-Type Mixed Use
Property Description
Great Development opportunity on Point Breeze Ave! This property features 3 store fronts and residential units above that are in need of full renovation. Currently, a pharmacy rents the one commercial space for 1,950 per month with the lease expiring in December, and the other two commercial spaces are vacant. Either renovate this property or tear it down and build a new building on this bustling commercial corridor. Per the zoning code, you can build an 8 unit building with ground floor commercial. There is an opportunity to build a 12 unit building if you provide 1 affordable unit per the zoning code. This block is surrounded by $700,000+ new construction homes and is a great spot to open a business and has high demand for rentals. Excellent opportunity for a business owner or a developer. Come view this one before it's too late!
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning CMX2
Interior
Hot Water Natural Gas
Cooling None
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 882060170
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Angela Carter
Managing Broker/REALTOR® | License ID: 0225237178
Managing Broker/REALTOR® License ID: 0225237178