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$ 2,499,000
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Active
736-38 S 8TH ST Philadelphia, PA 19147
7,776 SqFt
UPDATED:
11/08/2024 05:59 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,776 sqft
Price per Sqft $321
Subdivision Italian Market
MLS Listing ID PAPH2418372
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $24,282
Tax Year 2024
Property Description
Part of package, additional property nearby available - Commercial 763-65 S. 8th St. (Lazeez Indian Restuarant) with apartments. Two multi units in South Philadelphia, 1327 Snyder Ave. and
1425 Jackson St. Total package can be acquired.
736-38 S 8th St is a 6-plex (6 units), on the corner of 8th & Fitzwater Sts., with ground floor commercial space. The property is located near popular neighborhood attractions; John's Water Ice, Cianfrani Park and the 9th St. Market. 736-38 S. 8th is walkable to many of South Philly's top amenities, restaurants, cafes, schools and transit stops. This is a great opportunity to purchase a high-performing multifamily asset with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully built, leased and maintained this asset over its tenure. New Ownership can enact a value-add capital enhancement program to achieve top-of-market rental rates or continue operating as is. The Building is 100% leased and occupied. The are 2 entrances. One for the restaurant, one for the apts. both on the Fitzwater St. side. As-is.
Tenant occupied. 48hr notice.
1425 Jackson St. Total package can be acquired.
736-38 S 8th St is a 6-plex (6 units), on the corner of 8th & Fitzwater Sts., with ground floor commercial space. The property is located near popular neighborhood attractions; John's Water Ice, Cianfrani Park and the 9th St. Market. 736-38 S. 8th is walkable to many of South Philly's top amenities, restaurants, cafes, schools and transit stops. This is a great opportunity to purchase a high-performing multifamily asset with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully built, leased and maintained this asset over its tenure. New Ownership can enact a value-add capital enhancement program to achieve top-of-market rental rates or continue operating as is. The Building is 100% leased and occupied. The are 2 entrances. One for the restaurant, one for the apts. both on the Fitzwater St. side. As-is.
Tenant occupied. 48hr notice.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX-1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
View City, Park/Greenbelt
Accessibility None
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881573330
Ownership Other
Special Listing Condition Standard
Listed by Lorraine B Pappalardo • Mercury Real Estate Group