2501 S HOBSON ST Philadelphia, PA 19142
UPDATED:
11/25/2024 01:19 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 2,146 sqft
Price per Sqft $162
Subdivision Elmwood Park
MLS Listing ID PAPH2274104
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $1,681
Tax Year 2024
Lot Size 1,163 Sqft
Acres 0.03
Lot Dimensions 17.00 x 71.00
Property Description
You can enter the upstairs Apartment Unit on a separate side entrance of the building on Elmwood Avenue. 2nd Floor Apartment is very spacious & consists of 2 good-sized Bedrooms, 1 Full Bathroom, Living Room, Dining Room & a Kitchen! It has nice NEW laminate floors T/O the 2 Bedrooms, Dining Room & Kitchen & new carpets in the Living Room, Hallway & Stairs! ALL Laminate Floors & Carpets have been newly installed in February 2023! Full Hallway Bathroom consists of a single vanity, toilet & tub! Kitchen has a gas stove/range and also a washer hook-up. Upon exiting the Kitchen, you’ll enter a good-size Balcony overlooking Elmwood Ave. & the Amazon Warehouse! Sellers had replaced ALL BRAND NEW Windows for the upstairs apartment in Feb. 2023!
Plenty of natural lights shining T/O entire Apartment to help you save on energy bills! You can gain access to the Unfinished Basement from inside the store, OR from either of the 2 metal sidewalk cellar doors at the side of the Store on Elmwood Ave.
Start off your new home, business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. Seller is discontinuing their Business Name after Settlement. Any potential Buyers who would like to continue to run this same type of business may do so at their own expense with a NEW Business Name of their choice. Sellers are willing to provide 2 weeks of training for how to run the business if potential Buyer chooses to do so.
IF renting out the Commercial space, Commercial rents can be projected to bring in over $2,000-$2,500/mo. in the area and the Apartment Unit can be projected to bring in $1,200-1,400/mo. for rent! Owner pays water ( $45/mo.), electric ( $400/mo.), gas ( $40/mo.), Trash ( $500/yr. for Commercial), & Business Telephone ( $135/mo.). Owner owns the Fire Alarm system. Live in 1 Unit & Rent out the other to help cover your mortgage & potentially earning some cash flows OR continue to run the same business & live right upstairs OR open up your own business! So your investment possibilities are endless w/ this very large CORNER Mixed-Use Property! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed). Septa bus / trolley stops & public transportation are easily accessible in the area! Close to supermarkets, stores, gyms, restaurants, parks, & minutes from Penrose Plaza Shopping Center! Easy access to all major highways! Minutes away from Philly Airport, Auto Mall, Universities, Center City, & many more! Get an offer in quickly before it's gone!!
Location
State PA
County Philadelphia
Area 19142 (19142)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Wall Unit
Flooring Carpet, Laminated
Inclusions ALL in AS-IS Condition: ***Eating Place (E) Liquor License***, ALL Commercial Equipments, Refrigerators, Commercial Deli Display, Tables, Chairs, Storage Display, Freezers, etc.
Equipment Negotiable, See Remarks
Heat Source Natural Gas
Exterior
Utilities Available Electric Available, Natural Gas Available, Phone, Phone Available, Phone Connected, Sewer Available, Water Available
Water Access N
View Street
Roof Type Flat,Rubber
Accessibility None
Garage N
Building
Lot Description Corner
Foundation Brick/Mortar, Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Patterson John
Middle Schools Tilden Wm
High Schools John Bartram
School District The School District Of Philadelphia
Others
Tax ID 871562440
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Fire Detection System,Security System,Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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