1901 N 23rd St
Philadelphia, PA 19121
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Prime Investment Opportunity in the growing Brewerytown/Strawberry Mansion area
- 2,850 Sq/Ft Corner Property – Endless Potential
- Blueprints & Zoning Approval Available – Streamline Your Project
- Zoning Approved for 5 Units – (2) Commercial + (3) Residential
- Full Rehab Needed – Shell Condition, Ready for Transformation
- High Income Potential – Hold as a Rental or Fix & Flip
EXECUTIVE SUMMARY
Prime Investment Opportunity in the growing neighborhood near Brewerytown/Strawberry Mansion. This 2-story corner property spans 2,850 sq/ft and has zoning approval for 5 units, offering multiple income streams. Blueprints are in place for the configuration of the property which consists of (2) ground-floor commercial units and (3) residential apartments—(1) one-bedroom and (2) two-bedroom units. The building is in shell condition and will need a full rehab from top to bottom. Blueprints and zoning approval are readily available. The possibilities with this property are endless. It can be completed and held as a cash-flowing asset or a fix-and-flip opportunity, allowing for a profitable resale after renovations. An owner-user could live in one of the residential units while generating rental income from the others to cover the mortgage payment. Or even a business can purchase the property and have all the other units cover the mortgage to reduce overhead costs and increase profits. Located in the rapidly growing neighborhood near Brewerytown/Strawberry Mansion, this property offers strong appreciation potential and multiple exit strategies. Schedule a showing today to explore this excellent investment opportunity.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,850 SF
Building Class
C
Year Built
1915
Price
£187,597
Price Per SF
£65.82
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.97
Lot Size
0.03 AC
Zoning
CMX-1 - Neighborhood Commercial Mixed-Use-1
Frontage
20 ft on North 23rd Street
PROPERTY TAXES
Parcel Number | 882936100 | Improvements Assessment | £48,001 |
Land Assessment | £12,000 | Total Assessment | £60,001 |