$998,888

Estimated payment $5,887/month

Total Views 26,776
-- Bed
-- Bath
8,412 Sq Ft
$119 Price per Sq Ft

Highlights

  • 0.21 Acre Lot
  • 4-minute walk to Holmesburg Junction
  • Ceramic Tile Flooring
  • Corner Lot
  • Double Door Entry
  • Multiple cooling system units

About This Home

Seize this incredible opportunity to purchase this huge, highly visible, corner, commercial mixed use property. The 8,412 sqft property features CMX1 zoning with 6132 sqft of 1st floor commercial/retail space and 2280 sqft of 2nd floor apartment space. There are currently (2) huge two bedroom apartments with all separate utilities and central air throughout the entire building. There are 7 off street parking spots. and lots of street parking. The commercial space has been occupied by a family owned Deli that has operated for the last 48 years from this location. The property is located at the busy corner of Rhawn and Torresdale in the densely populated Mayfair area. The Sale is for real estate only all equipment is owned by the tenant. This is a great investment opportunity for an investor but more important is the rarely offered opportunity to grow your business in a prime spot that people have been coming to for 48 years. Serious inquiries please contact the Listing Agent for more detailed information and to schedule a showing. Please do not disturb the tenant as a curtesy to the operation of there current business.

Listing Agent

Michael Cole

Re/Max One Realty License #RM-061288-B Listed on: 11/04/2024

Re/Max One Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,775

Year Built

  • Built in 1940 | Remodeled in 2000

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 46.00 x 167.00
  • Corner Lot
  • Property is in excellent condition

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Masonry
  • Stucco

Interior Spaces

  • 8,412 Sq Ft Home
  • Double Door Entry

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • 6 Driveway Spaces
  • On-Street Parking

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Roof Mounted Cooling System
  • Single-Phase Power
  • Three-Phase Power
  • 200+ Amp Service
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Mayfair Subdivision

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 871299200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,775

Year Built

Built in 1940 | Remodeled in 2000

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Exclusions: All equipment. It is owned by the current occupant.
  • Historic: No
  • Inclusions: Building Only. No equipment.
  • New Construction: No
  • Year Built: 1940
  • Year Renovated: 2000
  • Remarks Public: Seize this incredible opportunity to purchase this huge, highly visible, corner, commercial mixed use property. The 8,412 sqft property features CMX1 zoning with 6132 sqft of 1st floor commercial/retail space and 2280 sqft of 2nd floor apartment space. There are currently (2) huge two bedroom apartments with all separate utilities and central air throughout the entire building. There are 7 off street parking spots. and lots of street parking. The commercial space has been occupied by a family owned Deli that has operated for the last 48 years from this location. The property is located at the busy corner of Rhawn and Torresdale in the densely populated Mayfair area. The Sale is for real estate only all equipment is owned by the tenant. This is a great investment opportunity for an investor but more important is the rarely offered opportunity to grow your business in a prime spot that people have been coming to for 48 years. Serious inquiries please contact the Listing Agent for more detailed information and to schedule a showing. Please do not disturb the tenant as a curtesy to the operation of there current business.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Ceramic Tile, Concrete, Carpet
  • Door Features: Double Entry
  • Foundation Details: Slab
  • Basement: No
  • Total Sq Ft: 8412
  • Living Area Sq Ft: 8412
  • Price Per Sq Ft: 118.75
  • Above Grade Finished Sq Ft: 8412
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4624

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Block, Brick, Frame, Masonry, Stucco
  • Roof: Shingle, Asphalt
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway, Asphalt Driveway
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: On Street, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Multi Units, Roof Mounted
  • Electric Service: 200+ Amp Service, 3 Phases, Circuit Breakers, Single Phase
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: 3rd Party

Lot Info

  • Land Use Code: S30
  • Lot Features: Corner
  • Lot Size Acres: 0.21
  • Lot Dimensions: 46.00 x 167.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9000.00
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: CMX1
  • Zoning Description: Restaurant, deli w/catering of hot and cold food for take-out,retail sales of fruits and produce,flowers,cards, two(2) dwellings

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • School Tax: 3794.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 6775.00
  • Assessor Parcel Number: 871299200
  • Tax Lot: 29
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: PHILADELPHIA CITY

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 $6,775 $632,400 $126,480 $505,920
2024 $6,775 $632,400 $126,480 $505,920
2023 $6,775 $484,000 $96,800 $387,200
2022 $9,195 $484,000 $96,800 $387,200
2021 $9,195 $0 $0 $0
2020 $9,195 $656,900 $131,380 $525,520
2019 $9,104 $0 $0 $0
2018 $8,840 $0 $0 $0
2017 $9,869 $0 $0 $0
2016 $9,869 $0 $0 $0
2015 $9,447 $0 $0 $0
2014 -- $705,000 $135,000 $570,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2024 11/04/24 For Sale $998,888 -- $119 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2416662

Bright MLS

APN: 871299200