The Flynn Company is pleased to represent this rare sale opportunity consisting of two existing income-producing properties located in the highly desirable Whitman and The Girard Estates neighborhoods of South Philadelphia. 100 Snyder Ave has been home to City Pizza, operating out of the first floor and lower level and serving the community for over 20 years. There is a second-floor apartment that sits above the business that is currently being leased out for well below market value. 2700 S 16th Street has been home to another City Pizza for over 30 years and is the flagship location. Another value-add opportunity sits above the first-floor business as the 2nd-floor apartment is also currently being leased out for a rate that is well below market.
The properties can be sold individually or ideally as a portfolio. Longer-term leases of 10-15 years will be established for both locations prior to the sale.
Please inquire for financial information on the business or to discuss anything in more detail.