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Listed by Carlos Masip • KW Empower
$725,000
Est. payment /mo
675 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Olde Kensington
MLS Listing ID PAPH2672252
Year Built 1905
Annual Tax Amount $2,746
Tax Year 2026
Lot Size 675 Sqft
Acres 0.02
Lot Dimensions 13.00 x 52.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Prime mixed-use investment opportunity in the heart of Northern Liberties, just steps from 2nd Street and the Girard Avenue commercial corridor. This fully occupied CMX-3 property generates $3,875 per month, or $46,500 in annual gross rental income. The street-level commercial unit is occupied by an established barbershop paying $1,650 per month through April 26, 2027 and includes a restroom, office and additional finished basement space. Above is a spacious two-bedroom, one-and-a-half-bath apartment leased for $2,225 per month through April 30, 2027. The residential unit features an open-concept layout, exposed brick, recessed lighting, updated flooring, a large kitchen with stainless-steel appliances, in-unit laundry and a private rear deck. Located in one of Philadelphia's most active neighborhoods, surrounded by restaurants, retail, public transportation and continued development. An excellent opportunity to acquire a stabilized, income-producing mixed-use property with strong existing cash flow and future upside.
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning CMX3
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
Foundation Brick/Mortar
Sewer Private Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871600620
Ownership Fee Simple
Special Listing Condition Standard
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