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1625 E PASSYUNK AVE, Philadelphia, Pennsylvania

$695,000Active

1625 E PASSYUNK AVE, Philadelphia, Pennsylvania 19148
Coldwell Banker Preferred-Old City - MLS® ID: 7014592

Property Details

1625 E PASSYUNK AVE, Philadelphia, Pennsylvania 19148 - Phenomenal opportunity to own a Commercial Mixed-Use building on East Passyunk Avenue, recently name one of the "Top Foodie Streets in America" by Food and Wine Magazine. The building itself has 2 legal units, 1 commercial and 1 residential and is zoned CMX-2. The ground floor is a long standing gelato business, Capogiro, and upstairs is a bi-level unit with 2 kitchens and 2 full bathrooms. The character of this building was very well maintained. Original wide-plank hardwood flooring is throughout the residential units as well as refinished staircases, trim and interior doors. Central air is throughout the building as well as gas appliances. There is potential for a roof deck off of the 3rd floor unit. There are many possibilities with this amazing building. You can create your pied-a-terre above the commercial unit and use their rental income to offset your mortgage and have a beautiful pad in the heart of Passyunk Square. Purchase the building envisioning your own business or purchase the building to gain an asset that will cash flow in one Philadelphia's desirable neighborhoods. Building Only for sale. Not business. Current rent on the commercial space is $1,980 per month. Bi-Level was bringing in $2,175 per month. RENTS are UNDER MARKET!

Amenities

  • Zip19148
  • CountyPhiladelphia
  • SQFT1884
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • Zoning typeCMX2.
  • School districtPhiladelphia
  • Year built1918
  • Lot size0.02
  • SewerPublic Sewer
  • Tax amount$4,069.00
  • Tax year2017
  • Office IDCBPREOC
  • Agent ID60052257
  • Agent nameMichael Scipione
  • MLS® ID7014592

Broker: Coldwell Banker Preferred-Old City

Listing Courtesy of Coldwell Banker Preferred-Old City

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“Chris did a terrific job helping me to find just the right home and holding my hand all through the process of buying a home. Chris was always avaiable on the momentary notice to address any issue, large or small; and many times i had to wonder if he ever takes a break. I would recommend Chris for any real estate needs in a heartbeat!!! Thank you The Somers Team!”

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