1544 SOUTH STREET Philadelphia, PA, 19146
$ 315,000Bedrooms Baths0.0 Sq 1,034
for $315,000. This 1,034 square foot building was built in 2011 on a lot size of 16X56.
Great Opportunity to purchase a tenant occupied commercial space in an excellent part of the South Street commercial corridor! This property has a generously sized ground floor commercial space that sits on a 16'x42' floor plate. The commercial space has full access to the basement which runs the entire length of the building as well. The business has been present at this location for 7 years and currently pays 1, 864/month plus all utilities. Tenant is responsible for city of Philadelphia use and occupancy fees. Current lease expires in September of 2019. Tenant has 8 two-year options to renew the lease at the current terms that would include 6% annual rent increase. Great location, great business, great investment for the savvy investor. Three years left on the current tax abatement. 24 hours notice required to show property.
Cooling System Central Air Electric Cooling
Heating Source Electric
Heating System Hot Water Heater: Electric
Sewer Public Sewer
Water Source Other Public Water
Roof Flat Roof
Rental* Excluded Features
Tenant Pays Electric Gas Heating Hot Water Insurance
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% 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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Commerical listings in Philadelphia, PA
Average List Price $773,173
Percent of Sale Price 145 %
About Philadelphia, PA
3 % Since 2002
$ 38,982 Median Income
34.87 Median Age
25 % Households with Children
THE SCHOOL DISTRICT OF PHILADELPHIA School District
|10/20/2018||$315,000|| -3.08 %|| Price Down|
|10/20/2018||$325,000|| || Price Up|
|10/2/2018||$325,000|| ||Listed Price|