Remarks

Historic Building in the heart of Somerton sitting on .82 acres of land with plenty of parking. The building was completely renovated in 2007, including a new roof, energy-efficient windows, 2 heating sources, central air, all updated plumbing, and electric service. Spanning over 6200 sq ft space on two floors with high ceilings plus a full basement for utilities and storage. The property is approved for business and professional offices as permitted in C-2 commercial district. The property is currently leased through May 2025 and is licensed as a daycare facility. 2024 Annual Rent $93,600.00 with annual increases through the end of the lease term and all utilities. Perfect opportunity for both savvy commercial investors and entrepreneurs who want to start their business!

Details

MLS#: PAPH2422152
Price: $2,050,000

Year Built: 1892

County: PHILADELPHIA
Tax Fee: 14644.0