Incredible Opportunity for Investors and business owners in the popular Newbold Area! This huge Mixed Use corner property has commercial space for a business on the ground floor with 2 apartments above! This corner was a generational hoagie shop for many years and is sadly missed by the community. As you enter you can envision your business whether it’s a grocery store, retail store, office…countless options! Make it work for you! In the rear of the first floor is a storage room, powder room and walk in refrigerator (currently not in working condition.) The basement door in this area is open for easy access to the downstairs mechanicals. On the Ellsworth street side of the property is the door that opens up to the residential units which currently are shells in need of total rehab and renovation. Seller did install new windows on second and third floors. A small yard is on this side as well. This could be a major income producing property! Current rents in this area range from $1200 /month to $1600/month. THIS HAS GREAT POTENTIAL! PROPERTY BEING SOLD AS IS. This location is surrounded by new construction. Close to center city, shopping, restaurants, sports complex, Philly Intl airport, 30th Street Station and Live Casino. The historic Italian Market, Passyunk Avenue, Starbucks, Sprouts, Target and Insomnia Cookie are minutes away. Great location for commuters using Septa bus or subway lines. Close to major highways, I-95, Schuylkill Expressway, Walt Whitman and Ben Franklin Bridges. Fantastic for walkers or bikers! Come Take a Look! This property is in need of renovation and proof of funds are required for purchase.
Property Type :
Residential
Subdivision :
Newbold
County :
PHILADELPHIA
Style :
Residential
Sell a home like this and save $28,241 Find Out How
Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.
ByOwner last updated this listing 04/28/2024 @ 19:30
MLS: PAPH2327556
LISTED BY: Donna J DeStefano , PA RealtyWorks LLC
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.
