Property Description
Prime investment opportunity in this exceptionally maintained mixed use corner property with one significantly improved commercial space with attached garage, and one custom one bedroom + loft, bi-level residence with multiple private outdoor spaces and separate entry, lovingly named SKY HOUSE. This property is well positioned on a high traffic corner in Queen Village, coveted by businesses for its access to sophisticated clientele and by residents for its access to superb neighborhood offerings in highly sought-after Meredith catchment. Capitalize on local demand by offering the existing units as-is, at increased rents with minor renovation, or by development of two additional residential apartments as permitted by right. This property not only serves as a reliable income-generating asset but also positions you for long-term growth in a thriving market. Gross Potential Rent $72,000 as-is.
Overview
Property Type
Commercial
Location
626 S 7TH STREET, PHILADELPHIA, PA 19147
Zoning
CMX2
MLS ID
PAPH2622728
Listing Last Updated
Property Features & Amenities
Interior
Total Rooms
0
Flooring
Hardwood
Exterior
Water Source
Public
Roof
Flat, Rubber, Wood
Parking
Private
Heat Type
Baseboard - Electric
Air Conditioning
Ductless/Mini-Split, Multi Units, Wall Unit, Window Unit(s)
Sewer
Public Sewer
Disability Features
36 wide Halls
Details
Total Area
2,720 Sq.Ft.
Neighborhood
Philadelphia
Financial
Price
$1,200,000
Real Estate Tax
$7,404/yr
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