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1355 E PASSYUNK AVE Philadelphia, PA 19147
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Key Details
Sold Price $336,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,190 sqft
Price per Sqft $153
Subdivision Passyunk Square
MLS Listing ID PAPH786304
Sold Date 11/08/19
HOA Y/N N
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $5,132
Tax Year 2020
Lot Size 716 Sqft
Acres 0.02
Lot Dimensions 18.00 x 39.75
Property Description
Investment opportunity in Passyunk Square right on the avenue! This multi unit property zoned CMX-2.5 is currently used as a triplex with the potential for so much more with this zoning. Location is key with this property as it is right on bustling Passyunk Avenue steps away from all of the boutique shops and restaurants the area has to offer as well as a multitude of options for public transportation. The building hosts one unit on each floor set up as larger efficiency/studio style apartments and are occupied with tenants. The second and third floor units are more recently updated with the first floor unit in need of a complete gut/renovation with the possibility of using it to its full zoning potential to accommodate active, pedestrian-friendly retail and service uses. The second floor has a fourth rear studio in need of rehab that has been out of use for some time as it is not zoned for a four family dwelling but offers the potential of turning the 2nd floor front studio into a one bedroom unit covering the entire second floor. This is an amazing investment opportunity with an upside far exceeding the current value of the property and one not to be missed!
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX2.
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 012283000
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Matthew A Lattanzio • Realty Mark Cityscape-Huntingdon Valley