2347 E Somerset Street Philadelphia, PA $ 1,395,000
2347 E Somerset Street
$ 1,395,000
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2347 E Somerset Street

Philadelphia, PA, 19134
$ 1,395,000
Baths0.0 Sq 4,696

Monthly Estimate*

$ 9,744

2347 E Somerset Street, Philadelphia, PA 19134 - Image 1
2347 E Somerset Street, Philadelphia, PA 19134 - Image 2
2347 E Somerset Street, Philadelphia, PA 19134 - Image 3
Studio

Commercial Property for sale in Philadelphia, PA

for $1,395,000. This 4,696 square foot building was built in 1925 on a lot size of 0.11.

Included in this enticing package are three properties to be sold together: a mixed-use townhome (2347) alongside two residential properties (2345-2343). With 2347 Somerset St. previously being a mixed-use pizza shop, all of the equipment is included, giving a fully equipped pizza shop. Boasting a prime location just off Aramingo Ave., these properties offer convenience and accessibility, with a remarkable walking score of 80. Tenants will relish the proximity to local favorites such as Tacconelli's and Stock's Bakery, as well as the vibrant shopping destination of Fishtown Crossing, which boasts nearly 30 shops, including GNC, Hair Cuttery, Starbucks, and IGA Supermarket, just a short stroll away. This turnkey pizza shop, combined with the potential for mixed-use development, presents a compelling proposition for those seeking to maximize their investment potential in Philadelphia's dynamic real estate landscape. Investors have the exciting opportunity to capitalize on the potential for converting the single units within the property package at 2347-45-43 E. Somerset Street into multi-family residences or commercial mixed-use (CMX) spaces. Leveraging the strategic location just northeast of the Conrail tracks in Port Richmond, Philadelphia, these properties offer a fertile ground for innovative development. Whether it's reimagining the existing mixed-use townhome (2347) or repurposing the adjacent residential properties (2345-2343) into multi-family apartments or flexible CMX spaces, the prospects for adaptive reuse are vast. Total square footage for building improvements is 4,696 soft including all three properties (2343: 1504 sqft; 2345: 1692 sqft; 2347: 1500 sqft). Total land square footage is 4816 sqft including all three properties (2343: 1173 sqft; 2345: 1320 sqft; 2347: 2323 sqft).

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Commercial Active

Price

$ 1,395,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,242

Style

Convenience Store/Gas,Hair Salon and Spa,/General

Lot Size

0.11

Year Built

1925

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2335636

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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General
Sewer Public Sewer
Heating 90% Forced Air
Cooling None
Possession 31-60 Days CD 0-30 Days CD Immediate
Zoning CMX1
Construction Materials Masonry
Year Built 1925
Property SubType Mixed Use
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel None
Municipality PHILADELPHIA
Business Type Convenience Store/Gas Hair Salon and Spa Other/General Retail Restaurant/Bar
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Subdivision Name PORT RICHMOND
Water Access Y/N N
Status ACTIVE
Directions Use GPS.
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 2
MLS Area 19134 (19134)
Lot Size Square Feet 4816.00
Waterfront Y/N N
Street Name SOMERSET
Tax Annual Amount 2242.0
Price Per Sq Ft 297.06
Acceptable Financing Cash Conventional Private
Vacation Rental Y/N N
Days on Market 36
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Inclusions Pizza shop equipment included
Type of Parking On Street
Water View Y/N N
Building Area Total 4696.00
Lot Dimensions 57.00 x 73.00
Lot Size Acres 0.11
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 32040.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 2347
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* Excluded Features
List By
Re/Max Truist

Broker

bobby.coyle@remaxtruist.com

Email

Affordability Calculator

$9,931
Per Month
98%
2%
0%
Monthly Principal & Interest
$9,744
Monthly Property Taxes
$187
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2024$1,395,000 Listed Price

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2347 E Somerset Street, Philadelphia, PA, 19134 is a Commercial Property for sale at $1,395,000 with 4,696 sqft and a lot size of 0.11. 2347 E Somerset Street is a studio with 0.0 baths and was built in 1925. The property's zip code is 19134 which is in Philadelphia, PA