1,120 Sqft Lot
1,120 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Queen Village
MLS Listing ID PAPH2558022
Year Built 2008
Available Date 2025-11-14
Annual Tax Amount $8,068
Tax Year 2025
Lot Size 1,120 Sqft
Acres 0.03
Lot Dimensions 16.00 x 70.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The building comprises five total units: four residential units and one restaurant space (could be add it to the purchase), all currently occupied under lease agreements ensuring immediate cash flow from acquisition. The CMX zoning designation provides operational flexibility for various commercial applications while maintaining residential income stability.
Property Highlights:
- Prime corner location in Queen Village, one of Philadelphia's most desirable upscale neighborhoods
- Fully leased building generating immediate rental income
- Well-maintained brick construction ensuring structural integrity
- Mixed-use zoning allowing diverse investment strategies
- Established tenant base providing income stability
- 6% cap rate offering competitive returns in current market conditions
The Queen Village location provides significant advantages, situated in a historically significant area known for its walkability, dining establishments, and proximity to Center City Philadelphia. The neighborhood's continued gentrification and development activity support long-term appreciation potential.
This turnkey investment opportunity requires minimal immediate capital improvements due to the property's well-maintained condition. The diverse unit mix provides income diversification across residential and commercial sectors, reducing vacancy risk while maximizing revenue potential.
Financial documentation and detailed property information are available upon request. All showings require 24-48 hour advance notice due to current tenant occupancy. Professional investors and qualified 1031 exchange participants are encouraged to inquire for comprehensive financial analysis and property details.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX1
Interior
Hot Water Natural Gas
Cooling Ductless/Mini-Split
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Utilities Available Electric Available, Natural Gas Available, Phone Available, Water Available
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871044800
Ownership Fee Simple
Acceptable Financing Conventional, Exchange
Listing Terms Conventional, Exchange
Financing Conventional,Exchange
Special Listing Condition Standard
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