Dee McErlain - Coldwell Banker Hearthside
1544 South St #a
PHILADELPHIA, PA 19146

Description

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.

Details

MLS#1008177372
StyleIndustrial
Sub-TypeResale
StatusActive
Year2011
Days On Site78

Features

SQ Feet1,034
Story(s)0
ZoningCMX2

Market Activity 19146

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19146
Area19146 (19146)
Listing VS Median (in 19146)
Price:
$315,000
low | high
Med:
$349,900
38.920634920635% of Average
SqFt:
1,034
low | high
Med:
1,300
24.274661508704% of Average
$ / SqFt:
$305
low | high
Med:
$271
61.12328420257% of Average
On Site:
78
low | high
Med:
75
100% of Average
Listing Updated: 12/18/2018
MLS Number: 1008177372
Listing Provided By:
Jim Robertson  of  OCF Realty LLC

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