Price Reduction
Address
1916-18 E Passyunk Avenue Philadelphia, PA
Price
$ 1,499,000
Property Attributes
  • MLS#PAPH982540
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19148
  • NeighborhoodPASSYUNK SQUARE
  • Zip19148
  • StyleGeneral Retail
  • Year Built1915
  • Taxes9759
  • Price$ 1,499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4189
  • Lot Size2,178 SqFt
Listing Provided Courtesy Of:
Century 21 Forrester Real Estate
Data Source:
Bright MLS
Property Description

1916-18 is FOR SALE SEPARATE FROM 1914! 1916, and 1918 is a prime opportunity on one of the most bustling commercial corridors in Philadelphia. Triple Net Lease! Separate utilities! 1916-18 is a combined double property with a large double commercial store front and two large double sized 2 bedroom apartments. Commercial tenant is a triple net lease with renewal options and also with rent increases built in. The two apartments also share in the expenses - they pay their part of the water/sewer bill and trash. In 1916-18, tenants pay their own gas and electric. Rare opportunity! Act now!

Price History
1/26/2021 Listed $1,599,000
4/7/2021 7% - $1,499,000

General Features

Acceptable Financing Conventional, Cash
Accessibility None
Business Type Other/General Retail
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C, Wall Unit, Ductless/Mini-Split
County PHILADELPHIA
Days on Market 77
Exclusions any and all appliances owned by Tenants and personal or business property owned by Tenants
Facing Direction East
Heating Hot Water, Baseboard - Hot Water, Central, Forced Air, Radiator, Radiant
MLS Area 19148 (19148)
New Construction No
Ownership Fee Simple
Possession Immediate, Subject to Existing Lease
Price Per Sq Ft 357.84
Property SubType Mixed Use
Property Type Commercial Sale
Sewer Public Sewer
Subdivision Name PASSYUNK SQUARE
Tax Annual Amount 9759.0
Tax Year 2020
Total Units 3
Utilities Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX25

Interior Features

Central Air Y/N Yes
Entry Level 1
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Building Area Total 4189.00
Inclusions any and all appliances in Lease Agreements and owned by Landlords
Lot Dimensions 35.50 x 58.00
Lot Size Acres 0.05
Lot Size Source Assessor
Lot Size Square Feet 2059.00
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19148

Price
AVG $510K
$1.5M
Taxes
AVG $4,678
$9,759
Visits
AVG 42
7
Year Built
AVG 1924
1915
Walkscore
AVG 90
76
Data Provided by Walkscore ® not using MLS data

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