242 South St Philadelphia, PA 19147

This exceptional mixed-use property at 242 South Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. The 1,440 square foot building, constructed in 1887 and zoned CMX-2, boasts two units: a fully operational ice cream shop and a spacious residential apartment. The ice cream shop is a turnkey operation, equipped and ready for immediate use. The 1,200 square foot, bi-level apartment features one bedroom and a remarkable roof deck offering stunning city skyline views. Currently, the apartment is rented for $1,500 per month, providing immediate rental income. The property's prime location on the vibrant South Street commercial corridor ensures high visibility and foot traffic. The asking price is $688,000, translating to $477.78 per square foot. This represents a compelling opportunity to acquire a profitable, established business alongside a desirable residential unit in a highly sought-after Philadelphia location. The property's historical charm combined with its modern functionality makes it an ideal investment for owner-occupants seeking a blend of commercial and residential income streams. The building's solid construction and established tenancy offer a secure and potentially lucrative investment. This is a rare chance to own a piece of Philadelphia's rich history and vibrant commercial landscape. Don't miss this chance to secure a thriving business and a comfortable residence in one convenient package.