1744 Folsom StPhiladelphia, PA 19130

Property Details for 1744 Folsom St

Year built

2015

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

1,358 SF

Zone code

CMX1

Property type

Office properties

APN

88-8-1543-32

APU

888154332

Description

This exceptional 700-square-foot retail/office condo presents a compelling investment opportunity in Philadelphia's vibrant commercial district. Located at 1744 Folsom Street, this bi-level unit, built in 2014 and renovated in 2017, is situated within a four-story building and benefits from CMX-1 zoning, allowing for diverse commercial uses. The property features high-end finishes, large windows providing abundant natural light, and ample storage space. Its corner location offers excellent visibility and accessibility. Priced at $179,900 ($257 per square foot), this property is ideal for owner-occupancy or as a lucrative rental investment. Previously used as a salon, the space is adaptable to a variety of retail or creative office concepts. The property's prime location in Philadelphia, Pennsylvania (zip code 19130), ensures strong potential for both foot traffic and tenant demand. This is a rare opportunity to acquire a well-maintained, versatile commercial space in a thriving urban area. The unit's modern design and functional layout make it an attractive option for a wide range of businesses. Don't miss this chance to own a piece of Philadelphia's dynamic commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $257,928

  6.5%

  $238,088

  7%

  $221,081

• Comparable approach

  Method

  Valuation

  Relative Method

  $177,436

  Geo Method

  $177,436

• Alternative Use

  Use

  Valuation

  Residential

  $295,229

  Hospitality

  $270,428

  Educational

  $224,993

  Medical

  $232,731

  Retail

  $349,989

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9678

Longitude

-75.1666

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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