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Pennsylvania 19148 PHILADELPHIA PASSYUNK 1625 E PASSYUNK AVE

1625 E PASSYUNK AVE
PHILADELPHIA, PA 19148

$695,000 
  • -- Beds
  • -- Baths
  • 1,884 sqft
  • Commercial
  • Active
1625 E PASSYUNK AVE, PHILADELPHIA - 32048340
1625 E PASSYUNK AVE, PHILADELPHIA - 32048341
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Property Description for 1625 E PASSYUNK AVE, PHILADELPHIA PA 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!

  • Property Class: Commercial
  • Listing Status: Active
  • City: PHILADELPHIA
  • State: PA
  • Zip: 19148
  • Area: Philadelphia – 19148
  • Class: Commercial
  • Approx Lot Size: 0.020
  • Baths (F/H): -- / --
  • Living Area (SqFt): 1,884 sqft
  • Lot Sq Ft Apx: 960.00
  • Year Built: 1918
  • Listing#: 7014592
  • School District: Philadelphia
  • Tax Year: 2017
  • List Date: 7/6/2017
  • Last updated on: 8/19/2017

Property Features for 1625 E PASSYUNK AVE, PHILADELPHIA PA 19148

  • Building Or Business: Commercial, Retail, Restaurant
  • Sewer Septic: Public Sewer
  • Property Age: 99
  • Water: Public
  • Exterior: Alumext, Wood, Brick, Stone
  • Roof: Flatroof
  • Floor: Tile/Brick, Wood
  • Utilities: Wateravail, Seweravail, Gasavail, Electrcavail, Phoneutil, Cabletvavail
  • Exterior Amenities: Pubtrans

Additional Information for 1625 E PASSYUNK AVE, PHILADELPHIA PA 19148

  • School District: Philadelphia
  • Building Floors: 2.00
  • Improv Assessed Amt: $274,580
  • Interior Square Feet Source: A
  • Land Only: False
  • Land Use Code: S50
  • Lot Dimensions: 16X60
  • Lot Number: 223
  • Ownership: Fee Simple
  • Property Option: Sale
  • Total Assessment: 290700.00
  • Water Front: False
  • Total Taxes: $4,069
  • Listing Area: Philadelphia – 19148
  • Subdivision: Passyunk Square
  • Annual Gross Expense: 7569.00
  • Annual Gross Income: 49860.00
  • Bathrooms: Twobath
  • Listing ID: 7014592
Courtesy of Coldwell Banker Preferred-Old City
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