700 E Passyunk Avenue Philadelphia, PA 19147
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This offering includes commercial, mixed-use buildings, warehouses, and off-street parking which in many aspects provides immense potential for redevelopment. With 24 residential units, 14 commercial suites, and a buildable CMX2 lot, this package is not only stabilized but also offers significant opportunities for value add and rent increases in the future. Situated in the heart of Queen Village, this prime location ensures a steady stream of foot traffic and a vibrant atmosphere. The neighborhood is renowned for its eclectic mix of businesses and its thriving community. Among the notable commercial tenants already in place are SWEAT Fitness, The Naked Peach, IN Movement, and the Queen Village Art Center. These established businesses not only contribute to the package's impressive gross income of $1,423,524 but also enhance the overall appeal and desirability of the properties. The commercial mixed-use buildings boast a versatile layout, allowing for a variety of business types to flourish. With their attractive facades and well-maintained interiors, these buildings are ready to accommodate the next wave of entrepreneurs and visionaries. The lot included in this package presents an exciting opportunity for development. Queen Village is a highly sought-after neighborhood, known for its strong rental market and consistent demand for commercial spaces. With the right vision and execution, this package has the potential to yield even greater returns in the future. Just a mile from Center City, a short distance from the Ben Franklin Bridge, I-95, public transit, Pennsylvania Hospital, Jefferson Hospital, and Olde City, this location is unmatched for a long-term investment.
|12 hours ago
|Listing updated with changes from the MLS
|3 months ago
|Listing first seen online