616 6Th St Philadelphia, PA 19147

This meticulously maintained mixed-use building at 616 S 6th St, Philadelphia, PA 19147, offers a compelling investment opportunity. The property boasts 2,112 square feet on an 848 square foot lot, built in 1905 and zoned CMX-2. The ground floor features approximately 800 square feet of retail space currently leased, generating over $1,500 in monthly income until April 30, 2025. The upper floors comprise a vacant, modern two-bedroom, one-and-a-half-bathroom apartment with significant rental potential, estimated at $2,300+ per month. Located in the desirable Queen Village neighborhood, this property benefits from its proximity to upscale residential developments and popular restaurants, including Redcrest Kitchen, Bistro La Minette, and Federal Donuts. The asking price is $699,900, representing a price per square foot of $1.88. This property presents a strong potential for both rental income and appreciation, making it ideal for owner-occupants or investors seeking a high-return asset in a thriving Philadelphia location. The current retail lease is below market value, offering immediate upside potential.