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Map
$19,800,000
●
Commercial -
For Sale
700-702 E PASSYUNK AVE
PHILADELPHIA, PA 19147
Studio
0 Bath
$97,222
Estimated Monthly
$0
HOA / Fees
About This Property
This offering includes commercial, mixed-use buildings, warehouses,
and off-street parking which in many aspects provides immense
potential for redevelopment. With 24 residential units, 14
commercial suites, and a buildable CMX2 lot, this package is not
only stabilized but also offers significant opportunities for value
add and rent increases in the future. Situated in the heart of
Queen Village, this prime location ensures a steady stream of foot
traffic and a vibrant atmosphere. The neighborhood is renowned for
its eclectic mix of businesses and its thriving community. Among
the notable commercial tenants already in place are SWEAT Fitness,
The Naked Peach, IN Movement, and the Queen Village Art Center.
These established businesses not only contribute to the package's
impressive gross income of $1,423,524 but also enhance the overall
appeal and desirability of the properties. The commercial mixed-use
buildings boast a versatile layout, allowing for a variety of
business types to flourish. With their attractive facades and
well-maintained interiors, these buildings are ready to accommodate
the next wave of entrepreneurs and visionaries. The lot included in
this package presents an exciting opportunity for development.
Queen Village is a highly sought-after neighborhood, known
for its strong rental market and consistent demand for commercial
spaces. With the right vision and execution, this package has the
potential to yield even greater returns in the future. Just a mile
from Center City, a short distance from the Ben Franklin Bridge,
I-95, public transit, Pennsylvania Hospital, Jefferson Hospital,
and Olde City, this location is unmatched for a long-term
investment.
Unit Size
-
Days on Market
158 days
Land Size
0.29 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,827
HOA Dues
-
Year Built
-
Listed By
Last updated: 3 months ago (Bright MLS #PAPH2291458)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 4, 2023 | Listed by KW Empower | $19,800,000 | |
Listed by KW Empower |
Property Highlights
Air Conditioning
Parking Details
Parking Features: Parking Lot
Total Garage and Parking Spaces: 10
Exterior Details
Property Information
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
Construction Materials: Other
Lot Information
Tidal Water: N
Lot Size Dimensions: 39.00 x 219.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $1,566,500
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $9,895
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $1,566,500
Tax Year: 2022
Tax Annual Amount: $21,927
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C, Wall Unit, Window Unit(s), Heat Pump(s)
Heating Type: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
700 East Passyunk Avenue
700 East Passyunk Avenue, Philadelphia, PA 19147
- 1 Unit for Sale