Remarks

Incredible Opportunity for Investors and business owners in the popular Newbold Area! This huge Mixed Use corner property has commercial space for a business on the ground floor with 2 apartments above! This corner was a generational hoagie shop for years and is sadly missed by the community. As you enter you can envision your business whether it’s a grocery store, retail store, office…countless options! Make it work for you! In the rear of the first floor is a storage room, powder room and walk in refrigerator (currently not in working condition.) The basement door in this area is open for easy access to the downstairs mechanicals. On the Ellsworth street side of the property is the door that opens up to the two residential units which currently are shells in need of total rehab and renovation. Seller did install new windows on second and third floors. This could be a major income producing property! Current rents range from $1200/month to $1600/per month in this area. THIS HAS GREAT POTENTIAL! PROPERTY BEING SOLD AS IS. This location is surrounded by new construction. Close to center city, shopping, restaurants, sports complex, Philly Intl airport, 30th Street Station and Live Casino. The historic Italian Market, Passyunk Avenue, Starbucks, Sprouts, Target and Insomnia Cookie minutes away. Great location for commuters using Septa bus or subway lines. Close to major highways, I-95, Schuylkill Expressway, Walt Whitman and Ben Franklin Bridges. Fantastic for walkers or bikers! Come Take a Look! This property is in need of renovation and proof of funds are required for purchase.

Property is being sold in “AS IS CONDITION.” BUYER RESPONSIBLE FOR REMOVAL OF ALL ITEMS IN ENTIRE PROPERTY. THIS IS AN ESTATE SALE. Property can only be shown during the daytime hours as there is no electricity in the apartment units.

Details

MLS#: PAPH2429664
Price: $419,000

Year Built: 1925

County: PHILADELPHIA
Subdivision: Newbold
Tax Fee: 3568.0