2943-47 REED ST Philadelphia, PA 19146
UPDATED:
09/23/2024 05:41 PM
Key Details
Property Type Commercial
Sub Type Services
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,100 sqft
Price per Sqft $161
Subdivision Grays Ferry
MLS Listing ID PAPH2393148
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $3,817
Tax Year 2024
Lot Size 3,100 Sqft
Acres 0.07
Lot Dimensions 50.00 x 62.00
Property Description
The property is currently occupied by a tenant on a 5 year triple net lease which started in April of 2024. The monthly rent for the 1st year is $5,564 ($66,768/year) with a 3% increase each year of the lease.
The property is zoned CMX-2 which can be a development opportunity turning this into a mixed use multi-family property by right. The building sits on 100% of the lot which is 3,100 Sq/Ft.
Featuring spacious rooms, modern amenities, and a flexible layout, this corner property has a ton of options for what it can be used for once the current lease expires. Its prominent location in a thriving community adds additional value, making it an excellent choice for a development project. Don’t miss out on this chance to capitalize on a property with a proven track record in a growing area. Schedule your visit today and envision the possibilities!
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
View Street
Accessibility None
Parking Type On Street
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 882060070
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Standard
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