1750 Bridge StPhiladelphia, PA 19124

Property Details for 1750 Bridge St

Property size (Sq ft)

5,000 SF

Property type

Other commercial real estate

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a fully operational, 20-bed personal care home in Philadelphia, PA. The property boasts two buildings totaling 5,000-5,500 square feet, meticulously maintained and operated for over two decades. Building one, a three-story structure at 1750 Bridge St, features three bedrooms, a kitchen, dining room, office, two full bathrooms, and an unfinished basement. Building two, at 1754 Bridge St, is a two-story building with eight rooms, four full bathrooms, a commercial kitchen, dining area, office, half bathroom, and reception area on the lower level, plus five additional bedrooms and two bathrooms upstairs. Currently operating at 100% occupancy (as of September 4, 2024), this facility generates a substantial pro-forma NOI of $171,652, representing a 20.81% pro-forma cap rate. The property is zoned RAS-5 with a Y50 Use designation, permitting health and personal care facilities. Other potential uses, subject to variance, include daycare, residential apartments, drug rehabilitation, and institutional uses. The asking price is $824,900, representing a below-market value for a turnkey operation with a proven track record and significant upside potential. All necessary licenses are in good standing, and financial and licensing documents are available upon request to pre-qualified investors. A non-disclosure agreement is required. This is a rare opportunity to acquire a highly profitable, established business with a consistent waiting list.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0204

Longitude

-75.0743

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