736 S 8Th Street Philadelphia, PA $ 2,499,000
736 S 8Th Street
$ 2,499,000
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736 S 8Th Street

Philadelphia, PA, 19147
$ 2,499,000
Bedrooms-- Baths-- Sq 4,000

Monthly Estimate*

$ 15,591

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Commercial Property for sale in Philadelphia, PA

for $2,499,000. This 4,000 square foot building was built in 1900.

Part of package, additional property nearby available - Commercial 763-65 S. 8th St. (Lazeez Indian Restuarant) with apartments. Two multi units in South Philadelphia, 1327 Snyder Ave. and 1425 Jackson St. Total package can be acquired. 736-38 S 8th St is a 6-plex (6 units), on the corner of 8th & Fitzwater Sts., with ground floor commercial space. The property is located near popular neighborhood attractions; John's Water Ice, Cianfrani Park and the 9th St. Market. 736-38 S. 8th is walkable to many of South Philly's top amenities, restaurants, cafes, schools and transit stops. This is a great opportunity to purchase a high-performing multifamily asset with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully built, leased and maintained this asset over its tenure. New Ownership can enact a value-add capital enhancement program to achieve top-of-market rental rates or continue operating as is. The Building is 100% leased and occupied. The are 2 entrances. One for the restaurant, one for the apts. both on the Fitzwater St. side. As-is. Tenant occupied. 48hr notice.

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Commercial Active

Price

$ 2,499,000

Property Type

Commercial

Taxes

$ 24,282

Style

Restaurant/Bar

Year Built

1900

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2418372

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession 31-60 Days CD
Zoning CMX-1
Construction Materials Masonry
Year Built 1900
View City Park/Greenbelt
Property Subtype Mixed Use
Tax Year 2024
Current Use Restaurant
Ownership Other
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Restaurant/Bar
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Subdivision Name ITALIAN MARKET
Water Access Y/N N
Status ACTIVE
Directions On the corner of Fitzwater and 8th St.
City PHILADELPHIA
Number Of Units Total 6
MLS Area 19147 (19147)
Tax Annual Amount 24282.0
Price Per Sq Ft Total AG 321.37
Vacation Rental Y/N N
Location Type Downtown
Standard Status Active
Year Built Source Estimated
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Exterior
Lot Features Corner
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 7776.00
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 736
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* Excluded Features
List By
Mercury Real Estate Group

Broker

lorpappalardo@gmail.com

Email

Affordability Calculator

$17,614
Per Month
89%
11%
0%
Monthly Principal & Interest
$15,591
Monthly Property Taxes
$2,024
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/8/2024$2,499,000 Listed Price

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736 S 8Th Street, Philadelphia, PA, 19147 is a Commercial Property for sale at $2,499,000 with 4,000 sqft. 736 S 8Th Street was built in 1900. The property's zip code is 19147 which is in Philadelphia, PA