1901 N 23rd St - Storefront Retail/Residential FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$249,000 USD
215-607-3535
1901 N 23rd St, Philadelphia, PA for Sale
$249,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | Request Cap Rate

1901 N 23rd St
Philadelphia, PA 19121
North Philadelphia West


HIGHLIGHTS

  • Prime Investment Opportunity in the growing Brewerytown/Strawberry Mansion area
  • Zoning Approved for 5 Units – (2) Commercial + (3) Residential
  • 2,850 Sq/Ft Corner Property – Endless Potential
  • Full Rehab Needed – Shell Condition, Ready for Transformation
  • Blueprints & Zoning Approval Available – Streamline Your Project
  • High Income Potential – Hold as a Rental or Fix & Flip

OVERVIEW

Prime Investment Opportunity in the growing neighborhood near Brewerytown/Strawberry Mansion. This 2-story corner property spans 2,850 sq/ft and has zoning approval for 5 units, offering multiple income streams. Blueprints are in place for the configuration of the property which consists of (2) ground-floor commercial units and (3) residential apartments—(1) one-bedroom and (2) two-bedroom units. The building is in shell condition and will need a full rehab from top to bottom. Blueprints and zoning approval are readily available. The possibilities with this property are endless. It can be completed and held as a cash-flowing asset or a fix-and-flip opportunity, allowing for a profitable resale after renovations. An owner-user could live in one of the residential units while generating rental income from the others to cover the mortgage payment. Or even a business can purchase the property and have all the other units cover the mortgage to reduce overhead costs and increase profits. Located in the rapidly growing neighborhood near Brewerytown/Strawberry Mansion, this property offers strong appreciation potential and multiple exit strategies. Schedule a showing today to explore this excellent investment opportunity.

FOR SALE DETAILS

PRICE

$249,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,444 SF

ZONING

CMX-1

APN/PARCEL ID

882936100

ASK ABOUT THIS PROPERTY

Maria QuattroneRE/MAXMore Info
215-607-3535

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Maria QuattroneRE/MAXMore Info
215-607-3535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.