$1,074,999

Estimated payment $6,395/month

Total Views 4,159
-- Bed
-- Bath
4,896 Sq Ft
$220 Price per Sq Ft

About This Home

Dreaming of opening your own business or expand your existing business in a prime Philadelphia location? You've hit the jackpot with this rare, highly sought-after, and amazing opportunity that's simply too good to miss. A great opportunity to own and operate your own business or convert the three story living quarters into an apartments and rent out. The previous business was in operation for decades as a dance studio. Set on a visible, double-wide corner lot, across from Methodist hospital and medical offices, this building is already commercially zoned for a school use and would need a use change for your specific business. An open-air patio overlooking a courtyard welcomes your clientele, and the reception area inside has plenty of room for arriving guests. An expansive 4-level floor plan offers limitless possibilities to practice multiple disciplines with several entrances, large rooms for open floor plans with spaces for a break room, abundant storage options, 3 restrooms, and central air conditioning.All of the mechanicals are updated, and the interior cosmetics are excellent, so there's little left to do except put up your sign before you begin operating. Access is easy for your clients with nearby connections to the subway and buses, plus you'll be close to notable music, art, and cultural events in old-fashioned but trendy Passyunk Square. All that's left is for you to realize your longtime vision and turn this ideal property into the office or medical facility or even a private school you've always wanted. It's a chance you don't want to miss, so come take a tour while it's still available!

Listing Agent

Melissa Impagliazzo

Mercury Real Estate Group Listed on: 03/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,291

Year Built

  • Built in 1940

Lot Details

  • 4,532 Sq Ft Lot
  • Lot Dimensions are 44.00 x 90.00

Parking

  • On-Street Parking

Home Design

  • 4,896 Sq Ft Home
  • Masonry

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 394426502

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,291

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Remarks Public: Dreaming of opening your own business or expand your existing business in a prime Philadelphia location? You've hit the jackpot with this rare, highly sought-after, and amazing opportunity that's simply too good to miss. A great opportunity to own and operate your own business or convert the three story living quarters into an apartments and rent out. The previous business was in operation for decades as a dance studio. Set on a visible, double-wide corner lot, across from Methodist hospital and medical offices, this building is already commercially zoned for a school use and would need a use change for your specific business. An open-air patio overlooking a courtyard welcomes your clientele, and the reception area inside has plenty of room for arriving guests. An expansive 4-level floor plan offers limitless possibilities to practice multiple disciplines with several entrances, large rooms for open floor plans with spaces for a break room, abundant storage options, 3 restrooms, and central air conditioning. All of the mechanicals are updated, and the interior cosmetics are excellent, so there's little left to do except put up your sign before you begin operating. Access is easy for your clients with nearby connections to the subway and buses, plus you'll be close to notable music, art, and cultural events in old-fashioned but trendy Passyunk Square. All that's left is for you to realize your longtime vision and turn this ideal property into the office or medical facility or even a private school you've always wanted. It's a chance you don't want to miss, so come take a tour while it's still available!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 4896
  • Living Area Sq Ft: 4896
  • Price Per Sq Ft: 219.57
  • Above Grade Finished Sq Ft: 4896
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2337

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.10
  • Lot Dimensions: 44.00 x 90.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4532.00
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Multi Family

  • Single Room Units Count: 4

Tax Info

  • Tax Annual Amount: 5291.00
  • Assessor Parcel Number: 394426502
  • Tax Year: 2023

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,291 $378,000 $89,580 $288,420
2024 $5,291 $378,000 $89,580 $288,420
2023 $5,291 $378,000 $89,580 $288,420
2022 $5,291 $378,000 $89,580 $288,420
2021 $5,291 $0 $0 $0
2020 $5,291 $0 $0 $0
2019 $5,291 $0 $0 $0
2018 $0 $0 $0 $0
2017 $5,291 $0 $0 $0
2016 $5,291 $0 $0 $0
2015 $5,065 $0 $0 $0
2014 -- $378,000 $89,580 $288,420
2012 -- $28,800 $7,509 $21,291
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Price Changed $1,074,999 0.0% $220 / Sq Ft
04/11/2025 04/11/25 Price Changed $1,074,999 -2.3% $220 / Sq Ft
03/27/2025 03/27/25 For Sale $1,099,999 0.0% $225 / Sq Ft
03/05/2025 03/05/25 Price Changed $1,099,999 -12.0% $225 / Sq Ft
10/07/2024 10/07/24 Price Changed $1,249,999 -10.7% $255 / Sq Ft
03/15/2024 03/15/24 Price Changed $1,400,000 -12.5% $286 / Sq Ft
06/08/2023 06/08/23 Price Changed $1,600,000 -11.1% $327 / Sq Ft
09/10/2022 09/10/22 For Sale $1,800,000 -- $368 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $325,000 --
Deed $130,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $227,117 Commercial
Closed $252,000 Commercial
Previous Owner $132,000 Commercial
Source: Public Records

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Source: Bright MLS

MLS Number: PAPH2462760

Bright MLS

APN: 394426502