For Sale
$975,000

2214 South St Philadelphia, PA 19146

Philadelphia retail & apartments, $975K

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional mixed-use property at 2214 South Street in Philadelphia, Pennsylvania, offers a compelling investment opportunity. The 2,736 square foot building, constructed in 1915, sits on a 0.03-acre lot and features five units: four apartments (two studios and two one-bedroom units) and approximately 1,000 square feet of ground-floor commercial space currently occupied by a popular restaurant. The property is zoned CMX2, providing flexibility for future development. Located in the Graduate Hospital neighborhood of Southwest Center City, this location benefits from high foot traffic and proximity to major employers including Comcast, Aramark, Penn Medicine, CHOP, the University of Pennsylvania, and Drexel University. Easy access to Interstates 76, 676, and 95 provides excellent connectivity throughout the Philadelphia metropolitan area. The property's strong tenant base and prime location present a significant opportunity for value-add renovations to the residential units, potentially increasing rental income and repositioning the property as a luxury apartment building catering to young professionals. The asking price is $975,000, with a price per square foot of $356.36. The property's fee simple ownership provides complete control and potential for long-term growth. This is a rare chance to acquire a well-situated mixed-use asset in a thriving Philadelphia neighborhood. The property's APN is 871136650.

Highlights

  • 2,736 SF mixed-use building on a 0.03-acre lot in Philadelphia's Graduate Hospital neighborhood.
  • Five units: four residential (two studios, two 1-BR) and ~1,000 SF of ground-floor commercial space (currently leased).
  • CMX-2 zoning allows for flexible future development.
  • Excellent location near major employers (Comcast, Aramark, Penn Medicine, etc.) and major highways (I-76, I-676, I-95).
  • $975,000 asking price ($356.36/SF). Fee simple ownership.

Property Details for 2214 South St

Property type
Retail properties, Mixed-use properties
Square Feet
2,736 SF
Year Built
1915
Lot Size (sq. ft)
1,307 SF
Units
5

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9451833
Longitude
-75.1791443

FAQs

What type of property is this?
Retail property - Philadelphia retail & apartments, $975K
Where is the retail property located?
The property is located at 2214 South St Philadelphia, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,736 SF mixed-use building on a 0.03-acre lot in Philadelphia's Graduate Hospital neighborhood.; Five units: four residential (two studios, two 1-BR) and ~1,000 SF of ground-floor commercial space (currently leased).; CMX-2 zoning allows for flexible future development.
How can I contact the broker?
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2214 South St
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