110 SOUTH ST, Philadelphia, PA 19147 – PAPH2328246 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$599,000

Est. payment - /mo

1,874 SqFt

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UPDATED:

10/28/2024 08:29 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Under Contract

Purchase Type For Sale

Square Footage 1,874 sqft

Price per Sqft $319

Subdivision Society Hill

MLS Listing ID PAPH2328246

Originating Board BRIGHT

Year Built 1988

Annual Tax Amount $6,506

Tax Year 2024

Lot Size 972 Sqft

Acres 0.02

Lot Dimensions 16.00 x 61.00

Property Description

INVESTOR ALERT!!...Mixed use, two unit, located ULTRA PRIME, historic, HeadHouse Square in Society Hill! This property currently has the first floor/basement retail continuously occupied by Tullycross Fine Irish Handcrafts since 1988 (month to month lease) and a residential bi-level owners unit offering 2 beds / 2 baths (vacant). Residential unit (2nd floor of building) offers first level LR/DR/Kitchen and upper level loft area flex space perfect for office, guests, peloton and much more! Property was owner occupied since 1988 and has been maintained well including a new roof and updated HVAC. Private rear courtyard off first floor. Commercial rental comps in the $2500-$3000/month range. Residential comps in the $2400-$2600/range. Projected Gross Ann. Inc $5000/month+ making this a 7+ cap in an A++ location. Lot is 16x61 and is zoned CMX-1. CMX-1 does not always require commercial usage (please consult a zoning attorney if you're interested in a conversion to single family). Property is located in the McCall elementary school catchment area. Versatile opportunity, to owner operate, house hack, redevelop, or cash flow. Located in the heart of Society Hill - walk score of 98 - no car needed, bike score of 87, transit score of 96 offering easy access to 95/676/76, SEPTA, and other public transportation. In close proximity to the Society Hill corridor restaurants, nightlife, coffee shops, gym, shopping, cafes, and parks. PROPERTY BEING SOLD AS-IS / WHERE-IS.

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning CMX1

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871271800

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Frank L DeFazio • BHHS Fox & Roach-Center City Walnut

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262