3847 Terrace St , PHILADELPHIA, PA 19128
PHILADELPHIA, PA 19128
Description
Located just blocks away from the vibrant retail and dining scene on Main Street and Ridge Avenue, this prime corner building offers a fantastic investment opportunity in one of Philadelphia’s most sought-after neighborhoods. With a total of 2,918 square feet, this mixed-use property combines residential and retail space, making it an ideal choice for investors looking to capitalize on both long-term rental income and the potential for a thriving retail business. The first-floor retail space, previously a successful restaurant tavern, comes with a commercial kitchen space and hood system, walk-in cooler, bar layout and seating for 40-60 patrons. The property comes with the potential to acquire a liquor license, which will be sold separately from the property itself. This license allows for full-service alcohol service, including outdoor seating, offering tremendous flexibility for a bar or restaurant business. The CMX1 zoning permits additional uses including a deli/grocery store, daycare facility, boutique, financial services, pet store, or medical practice. Above the retail space, there are two newly renovated 1-bedroom apartments on the 2nd and 3rd floors, each featuring modern updates including new flooring, stainless steel appliances, a washer and dryer in each unit and stylish new bathrooms. Located in a high-demand, thriving neighborhood, this mixed-use property is an excellent investment with great potential for both rental income and business ventures.
Details
| MLS# | PAPH2470658 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | ACTIVE-BRIGHT |
| Year | 1900 |
| Days On Site | 9 |
| Listing Provided By | Compass Pennsylvania, LLC | Aimee Lucia Alexander |
Features
| SQ Feet | 2,918 |
|---|---|
| Units | 3 |
| Zoning | CMX1 |
| Acreage | 0.04 |
| Water Front | Yes |
Market Activity 19128
Request a showing
Request a showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19128 |
| Area | 19128 (19128) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (In 19128) | |
Price: $579,900 low | high Med: $250,000 SqFt: 2,918 low | high Med: 924 $ / SqFt: $199 low | high Med: $271 On site: 9 low | high Med: 22.000000 | |