832 South StPhiladelphia, PA 19147

  • Retail properties
  • 2,634 SF
For Sale
$1,950,000 View listing

Property Details for 832 South St

Year built
1900
Property size (Sq ft)
2,634 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity encompasses two side-by-side buildings located at 832-834 South Street in Philadelphia's vibrant Bella Vista neighborhood. Boasting a combined 36 feet of frontage on this bustling commercial corridor, the property offers a compelling mix of commercial and residential space. The buildings, constructed in 1900, feature a total of eight units: two commercial spaces, four one-bedroom/one-bathroom apartments, and two two-bedroom/one-bathroom apartments. The combined rentable square footage is between 2,634 and 3,390 square feet, situated on two lots totaling approximately 3,424 square feet (1,710 sq ft and 1,714 sq ft). Each building has its own distinct features: 832 South Street is a three-story building (plus basement), while 834 South Street is four stories (plus basement). The property includes 3-4 gated parking spaces. The buildings are constructed of brick and stucco exteriors with stone and masonry foundations. Each unit is equipped with its own laundry facilities, central air conditioning, and forced hot air heating. Utilities (electric and hot water) are separately metered and paid by tenants. The property is zoned CMX-2.5, allowing for a variety of uses. The strong tenant base and prime location contribute to a Net Operating Income (NOI) of $138,216. This turnkey investment is ideally situated near prominent businesses such as Whole Foods, PNC Bank, Fine Wine and Spirits, and Bank of America. The asking price is $1,950,000.

832 South St, Philadelphia, Pennsylvania

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9424
Longitude
-75.1566

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