900 Huntingdon StPhiladelphia, PA 19133

  • Investment properties
  • 2,592 SF
For Sale
$440,000 View listing

Property Details for 900 Huntingdon St

Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.03 AC
Property size (Sq ft)
2,592 SF
Zone code
CMX2
Property type
Investment properties
Property subtype
Live-work space
APN
87-1-5522-50
APU
871552250

Description

This exceptional mixed-use property at 900 W Huntingdon St, Philadelphia, PA 19133, presents a unique investment opportunity. The 2,592 square foot building, situated on a 1,120 square foot lot, is a three-story structure zoned CMX2. The asking price is $440,000, translating to $169.75 per square foot. The ground floor currently operates as a thriving corner retail store, offering food, beer, liquor, tobacco, and snacks, complete with a commercial kitchen and seating for customers on the second floor. The sale includes the established business goodwill, a restaurant and liquor license, a tobacco license, and all existing equipment. Above the retail space, a three-bedroom apartment occupies the second and third floors, featuring central air conditioning. The owner currently operates the business with part-time help, maintaining operating hours from 11:00 AM to 12:00 AM. This turnkey operation offers immediate income potential and significant upside for a savvy investor or owner-user. The property's location in Philadelphia, Pennsylvania, provides excellent visibility and access to a dense population base. This is a rare opportunity to acquire a profitable business and residential property in one convenient package.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $492,305
    6.5%
    $454,435
    7%
    $421,976
  • Comparable approach

    Method
    Valuation
    Relative Method
    $338,671
    Geo Method
    $338,671
  • Alternative Use

    Use
    Valuation
    Residential
    $563,500
    Hospitality
    $516,163
    Educational
    $429,441
    Medical
    $444,211
    Retail
    $668,020

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9911
Longitude
-75.1466
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,061
-
-
$102,400
-
-
-
$102,400

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