23-25 19Th StPhiladelphia, PA 19103

This exceptional mixed-use property at 23-25 S 19th St, Philadelphia, PA 19103, presents a lucrative investment opportunity in the heart of Rittenhouse Square. The 5,816 square foot building, situated on a 2,880 square foot lot, boasts a prime corner location at the intersection of South 19th and Ludlow Streets. The three-story structure, built in 1900, is zoned CMX-5 and currently houses six tenants, generating a substantial net operating income (NOI) of $188,754. The ground floor comprises two +/- 1,000 square foot retail spaces, currently occupied by a deli and a dry cleaner. A Phase II environmental site assessment completed in 2017 confirmed no environmental concerns. The upper floors feature three residential units (one studio and two one-bedroom apartments) and one office space, currently leased until June 2024. The property offers a total of 2,000 square feet of net rentable space, with an asking price of $3,250,000 ($558.80 per square foot). This presents a rare chance to acquire a well-established, income-producing asset in a highly desirable Philadelphia neighborhood. The property's strong tenant occupancy and excellent location make it an ideal investment for both seasoned and emerging investors.