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Listed by Rachel Street • Compass Pennsylvania, LLC

$750,000

Est. payment - /mo

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2,169 SqFt

Active

1013 REED ST Philadelphia, PA 19147

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Additional details

Kristin Mosby

kristinmosby@epique.me +1(610) 510-4817

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,169 sqft

Price per Sqft $345

Subdivision Passyunk Square

MLS Listing ID PAPH2640268

Style Traditional

Abv Grd Liv Area 1,505

Year Built 1920

Annual Tax Amount $1,175

Tax Year 2025

Lot Size 954 Sqft

Acres 0.02

Lot Dimensions 18.00 x 60.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

Take advantage of this incredible opportunity to own a commercial income-generating property in one of the hottest areas of the city! This mixed-use building is located in the heart of Passyunk Square, just steps from Passyunk Ave and in the middle of all of the shops, cafes, and restaurants and more that this amazing community has to offer. The commercial space is located on the first floor and is currently set up as a hair and nail salon, which has been in business and thriving for over 22 years- a testament to the stability and the prime location of this property. The business is not included in the sale of the property (building only) and the current renewal term of the commercial lease expires in February 2027, allowing a potential buyer to use the commercial space for their own business- or continue leasing and collect the rent. The unique position of the building allows for maximum frontage along Reed Street (which enjoys a lot of foot traffic) and a more private entrance to the 2nd floor apartment on Alder Street. There is ample street parking in front of the building, as well as in the large ACME shopping plaza across the street, which makes it convenient for people patronizing the business. The commercial space spans the 1st floor and the basement, which has a large door with a steps and a ramp to the exterior yard, providing easy access for storage or more. It also already has a ramp installed to the entrance of the commercial space, which avoids one of the more expensive accessibility modifications that many business have to resolve. On the second floor you'll find a bright and sunny two-bedroom apartment, with hardwood floors, several closets, full 3 piece bathroom, and washer and dryer. This apartment was previously occupied by the owner and is now vacant, in case the buyer would like to occupy it. If not, it is in impeccable shape and is ready to rent- and rentals in Passyunk go extremely quickly. In an extremely walkable location, within two blocks of the property you'll find a large supermarket, post office, pharmacy, dog park and playground, gym, as well as many restaurant and shops. Close to public transportation, easy access to major roadways and only 3 blocks from the Broad Street subway line, this location can't be beat!

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning CMX1

Interior

Interior Features Ceiling Fan(s), Combination Kitchen/Dining, Wood Floors

Hot Water Natural Gas

Heating Radiator

Cooling Central A/C

Flooring Ceramic Tile, Hardwood

Inclusions Apartment appliances- washer, dryer, stove, microwave, and dishwasher

Equipment Microwave, Oven/Range - Gas, Dishwasher, Refrigerator, Washer, Dryer

Fireplace N

Appliance Microwave, Oven/Range - Gas, Dishwasher, Refrigerator, Washer, Dryer

Heat Source Natural Gas

Exterior

Water Access N

Accessibility Ramp - Main Level, Mobility Improvements

Garage N

Building

Lot Description Corner

Foundation Stone

Above Ground Finished SqFt 1505

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871501950

Ownership Fee Simple

SqFt Source 2169

Special Listing Condition Standard

Virtual Tour https://www.youtube.com/watch?v=Ra5cTkETlQE