Mixed-Use Property in Strawberry Mansion for Sale
Great opportunity to invest in a mixed-use property in Strawberry Mansion. You have to check out this 2700 sq ft building, CMX-1 (legally a commercial with one unit) that offers a fully functional grocery store on the ground floor.
The grocery store is currently paying $900/month on a month-to-month lease, and has not had a rent increase since 2018. This is a chance to generate steady income or negotiate a new lease with the tenant. The store is well-maintained and has a loyal customer base.
The second floor is a 2 BR/1 BA currently occupied by owner. The third floor is fully gutted out, giving you the flexibility to design and renovate it to your liking. There’s 4 rooms and 1 bathroom on the third floor. Needs renovation.
The property is being sold as-is and will be delivered vacant. This is perfect for investors who are looking for a rehab project with potential. The location is convenient, close to public transportation, parks, schools, and other amenities.
CASH DEAL ONLY.
Showings available after 5pm during week. All day Saturday. 24 hour advance for anytime outside these available hours.
Property Type :
Residential
Subdivision :
Strawberry Mansion
County :
PHILADELPHIA
Style :
Residential
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ByOwner last updated this listing 05/21/2024 @ 12:18
MLS: PAPH2311512
LISTED BY: Satia Gardner , Skye Property Group
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.
