2532 CORAL ST Pending Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19125
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Pending
Purchase Type For Sale
Square Footage 2,464 sqft
Price per Sqft $142
Subdivision Kensington
MLS Listing ID PAPH2385094
Style Contemporary
Year Built 1875
Annual Tax Amount $2,879
Tax Year 2024
Lot Size 960 Sqft
Property Description
Zoned for live entertainment, this fantastic mixed-use building is located in the heart of East Kensington! The bar is on 1st floor with a "cold" kitchen, 2 accessible bathrooms, a bar, a pool table, seating, an ice machine, and all the other essentials, like a newer 4-ton HVAC for the bar plus a walk-in refrigerator box, other mechanicals, and storage. Deliveries are a breeze with the basement's exterior Bilco doors. Estimated rental income, if rented out rather than owner-occupied, would be $2500/month. The liquor license is to be sold for an additional fee of $175,000. Upstairs, the 2nd and 3rd Floor (2 bed/2 full bath) rental also has central air, in-unit laundry, and a separate exterior entrance. The unit can also possibly have a roof deck added to the 3rd-floor master bedroom, which has an ensuite bathroom & vaulted ceiling. The estimated rent for a 2-bedroom is $1500 in its current state or $2000 if upgraded. Property to be delivered vacant of business & resident, and all equipment to be sold with the property at no additional cost. Found in the vibrant East Kensington neighborhood at the corner of Coral and Sergeant Streets, this is one you don't want to miss!
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning CMX1
Interior
Hot Water Natural Gas
Cooling Central A/C
Inclusions Equipment
Exterior
Waterfront N
Water Access N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Brown Henry
Middle Schools Memphis Street Academy Charter School At J.P. Jones
High Schools Kensington
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard