Price Reduction
Address
110 South Street, Philadelphia, PA
Price
$ 599,000
Property Attributes
- MLS#PAPH2328246
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19147
- NeighborhoodSociety Hill
- Zip19147
- StyleGeneral Retail
- Year Built1988
- Taxes$ 6506
- Price$ 599,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1874
- Lot Size0.02 Acres
Data Source:
Bright MLS
Property Description
INVESTOR ALERT!!...Mixed use, two unit, located ULTRA PRIME, historic, HeadHouse Square in Society Hill! This property currently has the first floor/basement retail continuously occupied by Tullycross Fine Irish Handcrafts since 1988 (month to month lease) and a residential bi-level owners unit offering 2 beds / 2 baths (vacant). Residential unit (2nd floor of building) offers first level LR/DR/Kitchen and upper level loft area flex space perfect for office, guests, peloton and much more! Property was owner occupied since 1988 and has been maintained well including a new roof and updated HVAC. Private rear courtyard off first floor. Commercial rental comps in the $2500-$3000/month range. Residential comps in the $2400-$2600/range. Projected Gross Ann. Inc $5000/month+ making this a 7+ cap in an A++ location. Lot is 16x61 and is zoned CMX-1. CMX-1 does not always require commercial usage (please consult a zoning attorney if you're interested in a conversion to single family). Property is located in the McCall elementary school catchment area. Versatile opportunity, to owner operate, house hack, redevelop, or cash flow. Located in the heart of Society Hill - walk score of 98 - no car needed, bike score of 87, transit score of 96 offering easy access to 95/676/76, SEPTA, and other public transportation. In close proximity to the Society Hill corridor restaurants, nightlife, coffee shops, gym, shopping, cafes, and parks. PROPERTY BEING SOLD AS-IS / WHERE-IS.
| Price History | |
|---|---|
| 3/12/2024 | Listed $649,000 |
| 6/4/2024 | 8% - $599,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | Settlement |
| Zoning | CMX1 |
| Construction Materials | Masonry |
| Year Built | 1988 |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Other/General Retail |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | SOCIETY HILL |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | located on South St |
| ModificationTimestamp | 2024-06-04T10:42:30 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| NumberOfUnitsTotal | 2 |
| MLS Area | 19147 (19147) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 972.00 |
| Tax Assessed Value | 464800.0 |
| Waterfront Y/N | No |
| Street Name | SOUTH |
| Tax Annual Amount | 6506.0 |
| Price Per Sq Ft Total | 319.64 |
| Vacation Rental Y/N | No |
| Days on Market | 73 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 333 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | S50 |
| Water View Y/N | No |
| Building Area Total | 1874.00 |
| Lot Dimensions | 16.00 x 61.00 |
| Lot Size Acres | 0.02 |
| Lot Size Source | Assessor |
| Land Assessed Value | 92900.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19147
Price
Taxes
Visits
Year Built
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