INVESTOR ALERT!!...Mixed use, two unit, located ULTRA PRIME, historic, HeadHouse Square in Society Hill! This property currently has the first floor/basement retail continuously occupied by Tullycross Fine Irish Handcrafts since 1988 (month to month lease) and a residential bi-level owners unit offering 2 beds / 2 baths (vacant). Residential unit (2nd floor of building) offers first level LR/DR/Kitchen and upper level loft area flex space perfect for office, guests, peloton and much more! Property was owner occupied since 1988 and has been maintained well including a new roof and updated HVAC. Private rear courtyard off first floor. Commercial rental comps in the $2500-$3000/month range. Residential comps in the $2400-$2600/range. Projected Gross Ann. Inc $5000/month+ making this a 7+ cap in an A++ location. Lot is 16x61 and is zoned CMX-1. CMX-1 does not always require commercial usage (please consult a zoning attorney if you're interested in a conversion to single family). Property is located in the McCall elementary school catchment area. Versatile opportunity, to owner operate, house hack, redevelop, or cash flow. Located in the heart of Society Hill - walk score of 98 - no car needed, bike score of 87, transit score of 96 offering easy access to 95/676/76, SEPTA, and other public transportation. In close proximity to the Society Hill corridor restaurants, nightlife, coffee shops, gym, shopping, cafes, and parks. PROPERTY BEING SOLD AS-IS / WHERE-IS.
Property Type :
Residential
Subdivision :
Society Hill
County :
PHILADELPHIA
Style :
Residential
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ByOwner last updated this listing 04/30/2024 @ 23:24
MLS: PAPH2333670
LISTED BY: Frank L DeFazio , BHHS Fox & Roach-Center City Walnut
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
