$ 750,000
-
$750,000
Price -
0
Bed -
0
Bath -
2,169
SqFt
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About the Listing COMPASS1 - 3191680
Take advantage of this incredible opportunity to own a commercial income-generating property in one of the hottest areas of the city! This mixed-use building is located in the heart of Passyunk Square, just steps from Passyunk Ave and in the middle of all of the shops, cafes, and restaurants and more that this amazing community has to offer. The commercial space is located on the first floor and is currently set up as a hair and nail salon, which has been in business and thriving for over 22 years- a testament to the stability and the prime location of this property. The business is not included in the sale of the property (building only) and the current renewal term of the commercial lease expires in February 2027, allowing a potential buyer to use the commercial space for their own business- or continue leasing and collect the rent. The unique position of the building allows for maximum frontage along Reed Street (which enjoys a lot of foot traffic) and a more private entrance to the 2nd floor apartment on Alder Street. There is ample street parking in front of the building, as well as in the large ACME shopping plaza across the street, which makes it convenient for people patronizing the business. The commercial space spans the 1st floor and the basement, which has a large door with a steps and a ramp to the exterior yard, providing easy access for storage or more. It also already has a ramp installed to the entrance of the commercial space, which avoids one of the more expensive accessibility modifications that many business have to resolve. On the second floor you'll find a bright and sunny two-bedroom apartment, with hardwood floors, several closets, full 3 piece bathroom, and washer and dryer. This apartment was previously occupied by the owner and is now vacant, in case the buyer would like to occupy it. If not, it is in impeccable shape and is ready to rent- and rentals in Passyunk go extremely quickly. In an extremely walkable location, within two blocks of the property you'll find a large supermarket, post office, pharmacy, dog park and playground, gym, as well as many restaurant and shops. Close to public transportation, easy access to major roadways and only 3 blocks from the Broad Street subway line, this location can't be beat!
Listing Highlights
Status
Active
Days on Site
13
Property Type
Commercial Sale
MLS ®
PAPH2638500
Year Built
1920
Total Square Footage
2,169
Lot/Acreage
0.02
County
Philadelphia
Neighborhood
Passyunk Square
Area
19147 (19147)
School District
Philadelphia City
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Radiator
- Fireplaces:
- Floor: Ceramic Tile,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 18.00 x 60.00
- Zoning: CMX1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $1,175
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1013 Reed St Philadelphia, PA 19147
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