700-702 E Passyunk Ave, Philadelphia, PA, 19147

700-702 E Passyunk Ave, Philadelphia, PA, 19147 < >
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for sale
$19,800,000
Square Feet:86886
Lot Size:0.29 Acres
Year Built:1930
Status:Active
MLS #:PAPH2291458
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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Go See 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.
Interior Details
Building Total SQFT: 86886.00

Exterior Details
Lot Size Acres: 0.29Lot Size Dimensions: 39.00 x 219.00
Lot SQFT: 12800.00

Community Information
County: PHILADELPHIAMunicipality: PHILADELPHIA
Zoning: CMX2

Property Information From MLS Data
Accessibility Features: NoneBusiness Type: Other
DOM: 59MLS Area: 19147 (19147)
New Construction YN: NProperty Sub Type: Five Or More Units
Year Built: 1930

Utilities
Cooling Type: Central A/C, Wall Unit, Window Unit(s), Heat Pump(s)Heating Type: Forced Air
Sewer Septic: Public SewerWater Source: Public

Listing Information Courtesy of:
Co List Agent Full Name: Danielle M. Fiorelli
List Agent Full Name: James F Roche Jr.
List Office Name: KW Empower
List Office Phone: 2156273500

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Monthly Payment for 700-702 E Passyunk Ave
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$19,800,000
Down Payment:
Loan Amount:$15,840,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of James F Roche Jr., KW Empower

Information obtained from Bright MLS is current as of 2/28/2024 12:34 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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