2941 22Nd St Philadelphia, PA 19132

This exceptional mixed-use property, located at 2941 N 22nd St in Philadelphia, PA 19132, presents a compelling owner-user or investment opportunity. The three-story, 2,746 square foot building, constructed in 1940 and extensively renovated in 2022, sits on a 1,507 square foot lot and is zoned CMX2, allowing for a wide range of commercial uses. The property boasts three units: a first-floor commercial space of nearly 1,000 square feet, plus a full basement and rear yard, ideal for immediate occupancy or leasing; a second-floor studio apartment ready for rental; and a third-floor, bi-level two-bedroom apartment currently occupied with a below-market rent of $975 per month. Market rents for comparable commercial spaces in the area range from $1,500 to $2,000 per month, while the studio apartment could command $1,000 monthly. The asking price is $399,000, representing a price per square foot of $145.30. This fee-simple ownership offers significant upside potential through increased rental income and strategic property management. The property's prime location on a vibrant commercial corridor in Philadelphia ensures strong tenant demand and long-term value appreciation. This is a rare opportunity to acquire a well-maintained, mixed-use property in a thriving urban market.