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Listed by John Brown • Compass Pennsylvania, LLC
$ 829,000
Est. payment /mo
New
1648 S 16TH ST Philadelphia, PA 19145
992 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2668678
Year Built 1915
Annual Tax Amount $4,762
Tax Year 2026
Lot Size 992 Sqft
Acres 0.02
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Beautifully Maintained, Fully Occupied, Triplex with C-1 Commercial Space on 1st-Floor. The first floor is currently operated as a yoga studio. Previous uses were daycare centers operated by different operators. See agent for more information on the potential use as a day center. Petitioning for a C-2 variance providing for a coffee house or takeout foodery would yield a highly profitable business opportunity in this neighborhood location. The second and third floors feature beautifully appointed 2 bedroom/1 bathroom apartments with in-unit laundry, separate utilities, and strong rental histories. Located on two transit lines, brings excellent visibility to this property, both for commercial businesses as well as renters. Strong potential for rental increases will bring increased valuation in the years to come.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning CMX1
Interior
Hot Water Electric
Heating Forced Air, Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Road Frontage City/County
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871550700
Ownership Fee Simple
Special Listing Condition Standard
Virtual Tour https://vimeo.com/1225298108?share=copy&fl=sv&fe=ci
