Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2014
Sq.Footage
N/A
New construction mixed use property that consists of 14 residential units and 1 commercial space occupied by Founding Fathers Bar. The bar has a long term lease in place and has quickly become one of the neighborhood's favorites. The large sliding glass window panes at the front of the bar engage potential patrons as they walk by on South Street and they give the building a unique, impressive presence that sets it apart from other mixed use buildings in the neighborhood. The 14 units consist of 2 studio apartments, (10) 1 bedroom apartments, and (2) 2 bedroom apartments. The rental units have been outfitted with many upgraded finishes including central air, washer/dryer in each unit, video intercom system, hardwood floors, stainless steel appliances, spacious living areas, and exterior balconies. The building has a 10 year approved Tax Abatement and property was just built in 2014! All utilities are separately metered for each unit and tenants pay their own utilities. The gross annual rent for the property totals 347,490. The property is located in the highly desirable section of Graduate Hospital, is just a 2 block walk from Broad Street, and is in close proximity to Fitler Square, Rittenhouse Square, and the Schuylkill River Park. The building is near major city transportation routes that link it to universities, hospitals, corporate offices, and city hall.Serious buyers can submit requests for more detailed financial information to the listing agent, Jim Robertson. Please note, business is not for sale.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.09
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Brick
Financial
-
Sales Price
$4,900,000
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Jim Robertson
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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