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MULTIFAMILY INVESTOR ALERT:Solid Mixed-Use 3,627 SF FivePlex Investment Opportunity offering substantial value-added space. Zoning CMX1. ||This property is composed of a 24' x 112' or 2,744 SF lot that contains two brick buildings: a two-story main building 21.7'x64', and a nicely proportioned one-story building facing Lawrence St. This building is an undeveloped vacant masonry shell constructed slab on grade 24' x 40'. The main building contains one commercial space, plus three modest-sized apartments. Separate heat, hot water, gas, and electric. Furthermore, a side-set on the main building permits windows on all four sides. The vacant accessory building offers an opportunity to add a fourth large apartment or, consider adding a second level to make the property a legal six-plex, by right. ||The owners purchased this property 15+ years ago. They have enjoyed 100% occupancy as a steady-reliable source of income. The occupants are responsible long-term tenants. ||The commercial unit is under lease at $1,300/M until 08/01/2024. The two-bedroom unit on the second floor is under lease at $800/M until 02/01/2024. All tenants prefer to stay. As a courtesy to the Buyer, the owners temporarily have not renewed the other two residential leases and are holding them on a month-month basis to give the Buyer more control and a free hand to plan and carry out their upgrades and use of the property. ||Residential tenants are month-month with below-market rent which has been the same for ten years. There have been no structural or mechanical concerns throughout the sellers' ownership. Dry basement, a dry roof, and good bones. Handsome commanding presence, with modest curb appeal. ||The market-rate financial metrics demonstrate that this offering is a solid investment opportunity for a new owner who upgrades the residential apartments to keep pace with recent lifestyle preferences and builds out the ground level of the accessory building. ||Market Rate Proforma Financial Metrics: GPI: $66,600, Vacancy 5%, NNN $1,832 Additional Income, GAI TTL $64,202, EXPENSES: 19.3%, NOI $51,802, CAP 10.04%. A leveraged project investment of 25% or $128.951 for a 75% LTV mortgage that includes both acquisition and construction costs yields an annual 15% cash-cash ROI with a DSCR of 1.60. Ask to see the complete Financial Worksheet. ||Gobble up this workhorse opportunity and grow your real estate portfolio with this solid product. Review the photos, plan view, property details, financial metrics, and give us a call. Feel free to contact us with any questions or your expression of interest. Motivated Seller. Strong opportunity to grow. Go For It!.
Business opportunity !! Located busy business district on 5th Street in philadelphia. Beer deli and grocery with 2 story building for sale. Liquor License is not Included in sale price.
Business opportunity and owning a commercial building!! Located busy business on district 5th Street in philadelphia. 2 story building for sale, deli and grocery is included for sale price.Liquor License. and inventory is excluded in sale price.
HARD TO FIND USED AUTO SALES LOT FOR SALE , APPROXIMATELY 3300 SQFT OF SPACE FITS 25 CARS , HIGHLY TRAVELED AREA NEAR ALBERT EINSTIEN HOSPITAL.OFFICE TRAILER INCLUDED , LOCATION COULD BE USED FOR MANY DIFFERENT POSSIBILITIES SUCH AS PARKING LOT , STORAGE , SALES, PROPERTY FULLY FENCED IN WITH REMOTE GATE ENTRY.EASY ACCESS TO AND FROM ROUTE 1 AND INTERSTATE 76!!
Family owned take-out pizza shop on busy street in Olney. Fully equipped kitchen with pizza oven, fryer, walk in refrigerator, freezers, and prep table. Recipes, all restaurant supplies and inventory included. 2nd floor is currently used for storage and office space but features a full bath and eat-in kitchen. Separate utilities. Ample street parking. Upstairs meat grinder, personal computers and office equipment is not included. Business is included with purchase of real estate. Cannot be sold separately.
A turn key business plus the building together. The laundromat is active and profitable. It's very good for someone wants to start a new business in the city of Philadelphia. Your client can expand business into dry cleaning, adding a retail boots, drop-off and folding,. The current store already has vending machine and some game machines.
Great income producing property. Above you will find a 3 bedroom house with separate entrance. Sunroom, living room, dining rm, eat in kitchen.Below you will find great space to operate a business. Currently operating as a bar/ restaurant with basement. ATM machine and gambling type machines. Liquor license additional, if needed. Property is sold in "as is" condition. Seller is motivated. Bring your offers!!
Great income producing property. Above you will find a 3 bedroom house with separate entrance. Sunroom, living room, dining rm, eat in kitchen.Below you will find great space to operate a business. Currently operating as a bar/ restaurant with basement. ATM machine and gambling type machines. Liquor license additional, if needed. Property is sold in "as is" condition. Seller is motivated. Bring your offers!!
Excellent opportunity for investors and users, here is a great property on busy Broad St awaiting for you to expand its money-making possibilities. The 2nd floor was leased to a beauty school, on the 3rd floor features a living space with multiple bathrooms. There is also direct access to the upstairs from the outside. This building has partially separated utilities. Being sold as-is. Buyer is responsible for U&O and required certs/permits.
Excellent opportunity for distribution center. Large open area and loading driveway.Medical center would also work well.Seller will consider a buyer obtaining a mortgage on the property with a $325,000 down payment.Proof of funds required.The large open areas may work well for light manufacturing.
Attention all investors with ***Cash Financing***!!! This is an amazing opportunity to obtain two adjoining properties sold as a package deal for $230K. 6060 and 6058 Ogontz Avenue are CMX use properties with great potential, located on a bustling business corridor. The properties feature commercial space on the first floor and residential space on the second floor. The first floor to 6060 was used as a medical center and 6058 was a fish/produce market. Conveniently located close to public transportation, schools, and other businesses. Schedule your showing today!! Sold strictly AS-IS!!!
Opportunity to own this Mixed Use property at Mayfair Business District. Property has a L shape with an additional building on the back that stretched two lots. Making it a huge first floor. Originally used as a bakery for many years. Still set up as a bakery. It could be a eating or coffee shop. CMX 25. Many possible use for the property. Up-stair has a 3 bedroom apartment. Recently upgraded. It can be work and live upstair situation. Separate entrance for upstair on out back yard. It also comes with two dough mixer. lots of traps and two freezers.
Commercial facility located in the West Oak Lane section of Philadelphia. Fully renovated in 2004with a number of updates made along the years such as bamboo hardwood flooring in the maininstructional area, updated roof, and new commercial kitchen installed in 2020 (installed per facilityrequirements). Side garage door and fencing added a few years back to accommodate a safeindoor/outdoor play area at the rear of the building, if you are looking to use the facility as a daycare.If you are not looking to use the building as a daycare, the building/lot can be converted into a varietyof uses such as an office, hair salon, take out restaurant, corner store etc... In 2023 a new commercial vent system for cooking was installed, along with a backflow and new water heater. The basement of thebuilding boasts large ceilings and has the potential to be turned into storage space or additionalsquare footage for the occupying business. With 2 additional stories added to the existing structure,the ground floor structure can accommodate 6 residential units per the Phila. building code (to beindependently verified).
Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriner's Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTA's Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site.
Great Opportunity to own this market, take out restaurant with an apartment upstairs. Conveniently, located on this busy corner close to La Salle University, Broad Street. The market is currently operated by the owner who lives upstairs. Enter into the large market with coolers, merchandise shelves, and a full kitchen in the back. Further to the rear underneath the porch, there is a bedroom. On the lower a full basement with plenty of storage and a cellar gate for easy loading from the street level. As per the upper floor, there are 2 bedrooms, a living room dining room, an eat-in kitchen, large patio yard of outdoor all activities. All showing must send Proof of funds before showing and do not disturb the employee inside the store.
Great Opportunity to own this market, take out restaurant with an apartment upstairs. Conveniently, located on this busy corner close to La Salle University, Broad Street. The market is currently operated by the owner who lives upstairs. Enter into the large market with coolers, merchandise shelves, and a full kitchen in the back. Further to the rear underneath the porch, there is a bedroom. On the lower a full basement with plenty of storage and a cellar gate for easy loading from the street level. As per the upper floor, there are 2 bedrooms, a living room dining room, an eat-in kitchen, large patio yard of outdoor all activities. All showing must send Proof of funds before showing and do not disturb the employee inside the store.
This remarkable property presents an enticing opportunity to invest in a versatile mixed-use building. The ground floor boasts a thriving commercial restaurant space, perfectly positioned to capitalize on foot traffic and local patronage. Make your way upstairs and discover two expansive two-bedroom apartments, each offering spacious living areas and modern amenities.
Are you looking for an amazing investment opportunity right off Frankford Ave in Mayfair section of Northeast Philly? This completely renovated Mixed Use building offers a great investment opportunity for any investor & business owner's needs. It features commercial space on the 1st Floor with large display windows equipped with electric metal shutters, powder room and an access to the full basement, Upstairs is light-filled, 2-bedroom, open concept apartment with modern 3 piece hall bath, providing a cozy & comfortable living space. Both units have separate entrances & separate utilities. The building features new Heater, new Water Heater, updated Electric & Plumbing, new Roof. CMX1 zoning allows for multiple business uses, buyers should do due diligence to confirm their specific use with the City. The property's central location next to Mayfair shopping center coupled with the dual-use design, makes it an attractive prospect for investors seeking an income-generating asset in a thriving location. Close to I-95 & Jersey bridges. Don't miss this opportunity, schedule your appointment today.
Step into the extraordinary at 515 W Fisher Ave! This property is a rare gem boasting not just one, but two distinctive homes on a spacious lot. As you approach, a lengthy driveway welcomes you, setting the stage for the exceptional experience that awaits.The front house, a haven of comfort, offers 3 bedrooms and 2 bathrooms"a perfect blend of style and functionality. Venture further, and you'll discover the charm of the back house, featuring 2 bedrooms and 1 bath, designed with a thoughtful touch.Unleash the potential of this property with endless investment possibilities! Zoned CMX2, the canvas is yours to create a thriving venture or a unique living arrangement. The strategic location adds another layer of appeal, as you're within walking distance to shopping havens and seamless access to public transportation.Don't just take my word for it"come and witness the magic of 515 W Fisher Ave for yourself. This is not merely a property; it's an invitation to explore the extraordinary. Your new adventure awaits!
How would you like to capitalize on the rare opportunity to own and operate a successful auto repair business with a great track record and built-up and consistent clientele? Forty-seven years in the auto repair industry with four generations of referral business. Just cannot get better quality leads than repeat referrals. On top of that, the area is loaded with residents, most owning used cars so . . . Voila! A need for a good mechanic shop. This shop is a true source of stable revenue. Perfect for a local mechanic shop. The shop is meticulously maintained. Two ground lifts permanently mounted will stay. An additional moveable lift can be negotiated. Well-organized shelves will stay. Tanks were properly remedied years ago, with proper paperwork and approvals. Quiet Storm is the owner has been in business for 47 years with a reputation second to none! When he sells this building, his book (clientele) will be referred to come and have the new owner perform all the work. The property is huge, measuring around ninety-three feet deep by 112 feet along Ogontz. Plenty of parking (even sell cars here - check for zoning appropriateness. Three bays, office, waiting room, storage room, air pump, bathroom, and central air conditioning. Eleven-foot ceilings allow the lifts to operate perfectly and the front glass garage doors allow natural sunlight to enter and give the look of a garage from the fifties (yes Grease is alive!!!). The opportunity of a lifetime for a person with a love for mechanics is waiting for you to settle. OR: Raze the building and apply to build apartments or use it for another business however, the best use is for a mechanic wanting to do what they love and make a great living from their love.
GREAT OPPERTUNITY !!! for Investor !!! ,Asking price for real estate that buyer wants business or not . the seller will remove all equipment If the buyer doesn't want it , is $950,000.00 , Many ideas for opening retail business , redevelopment , wear house , used car dealer ,... and keep auto repair shop.. Auto repair & state car inspection & body shop , present owner more than 20 years ,big parking lot ,near Rt 1 & North 5th street , 2 story building : First floor -shop , 2nd floor - vacant , It was office before. break down :
Legal 8 Residential unit Building in prime location!All 8 units are currently occupied, current rent is $7,395 / month. POF required prior to all showings. Current rent does not include. 2 storage spaces in the rear that can be rented out as well. 7 out of the 8 units are completely renovated. Electric and heating are metered separately and tenants pay ALL utilities. Rare find!
Valuable mixed use property with a full basement space on busy Roosvelt blvd in the major commercial section of the Olney area. Excellent use for a professional office or commercial space on the first floor. The second floor has a 4bed/1 full bath, need TLC for many features in the property. Private parking spaces in the SIDE of the property. The LOT at 139 E . ROOSEVELT will be sold simultaneously.
The wholesale commercial building is for sale, and the owner is willing to sell the wholesale business (not included in the asking price). It has 15 parking spaces behind the building. Possible Seller lease back (negotiable). The seller is ready to retire soon.Please call the listing agent for an appointment. DO NOT APPROACH ANY EMPLOYEE(S).
Investor Alert! Do not miss the investment opportunity on this Mixed Use property in a great location in Frankford, steps away from local shops, restaurants, and public transportation with easy access to both Roosevelt Blvd and I-95. New wood floorings were put in recently. Exterior walls were replaced/repaired recently. Fully finished basement. Great size backyard. This property is priced to sell and with some upgrades, it can be turned into a beautiful commercial space or a residential home or both. Property is being sold in As-Is condition. Property is occupied, 24H notice required. This will not last long on the market, please schedule your showing today!
