• 1625 E PASSYUNK AVE, PHILADELPHIA, Pennsylvania, 19148

  • $695,000
Phenomenal opportunity to own a Commercial Mixed-Use building on East Passyunk Avenue, recently name one of the "Top Foodie Streets in America" by Food and Wine Magazine. The building itself has 2 legal units, 1 commercial and 1 residential and is zoned CMX-2. The ground floor is a long standing gelato business, Capogiro, and upstairs is a bi-level unit with 2 kitchens and 2 full bathrooms. The character of this building was very well maintained. Original wide-plank hardwood flooring is throughout the residential units as well as refinished staircases, trim and interior doors. Central air is throughout the building as well as gas appliances. There is potential for a roof deck off of the 3rd floor unit. There are many possibilities with this amazing building. You can create your pied-a-terre above the commercial unit and use their rental income to offset your mortgage and have a beautiful pad in the heart of Passyunk Square. Purchase the building envisioning your own business or purchase the building to gain an asset that will cash flow in one Philadelphia's desirable neighborhoods. Building Only for sale. Not business. Current rent on the commercial space is $1,980 per month. Bi-Level was bringing in $1,975 per month. RENTS are UNDER MARKET!
$695,000
(215) 923 - 7600
1625 E PASSYUNK AVE
PHILADELPHIA
Pennsylvania
19148
PHILADELPHIA
Multi-Family
2.0
N
16X60
2
99Years
$4,069
PostedJuly 14, 2017