Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1800
Sq.Footage
N/A
Located on the southeast corner of 20th and Spruce Street, one block from Rittenhouse Square Park, 274 S 20th Street is a well maintained three story mixed use building in the heart of Center City’s most prestigious neighborhood. The first and second floors together with the lower level are occupied by the established Heng Feng Restaurant under a secure long term lease. Additionally, discussions regarding a potential buyout of the commercial tenant may be considered, providing an investor the opportunity to deliver the building fully vacant if desired. The tenant is responsible for nearly all operating expenses, providing stable and essentially passive commercial income. The third floor consists of a three bedroom one bath apartment featuring hardwood floors and central air. Currently occupied by the owner’s family, the unit will be delivered vacant at settlement and can immediately achieve market rent conservatively estimated at $2,500 per month. Zoned CMX5 with excellent visibility and surrounded by Philadelphia’s premier retail, dining, and corporate addresses, the property sits within easy walking distance of the city’s core business district, 30th Street Station, Suburban Station, the Schuylkill River Park and trail system, and the region’s top hospitals and universities. Residents and tenants enjoy immediate proximity to Philadelphia’s finest restaurants including Parc, Rouge, Barclay Prime, and Vernick, all within a few blocks. This property offers an outstanding opportunity to acquire a cash flowing asset in one of the city’s most sought after locations.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.02
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$1,699,000
-
Tax Amount
7432.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Accessibility Features
Accessible Hallway(s)
-
Sewer
Public Sewer
-
Tax Lot
102
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Jaiden Makhoul , Compass Pennsylvania, LLC
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Owner, President, Investment Property Advisor
TheresaKehler
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