Check Availability
$19,800,000
Commercial - For Sale

700-702 E PASSYUNK AVE

PHILADELPHIA, PA 19147
bedrooms
Studio
bathrooms
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

James Roche
Keller Williams Philly
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
More about this Building
700 East Passyunk Avenue
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