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2700 S 16th St

1,328 SF 100% Leased Retail Building Philadelphia, PA 19145 For Sale

Investment Highlights

  • Located in the heart of highly populated and highly desirable Girard Estates Neighborhood of South Philadelphia
  • Long term commercial lease in place
  • City Pizza has been operating out of this location for 30+ Years
  • 2700 S 16th St can also be purchased with 100 Snyder Ave
  • Immediate income
  • Value Add Opportunity on the 2nd floor which is currently achieving a below market apartment rent

Executive Summary

The Flynn Company is pleased to represent the sale of 2700 S 16th Street which has been home to City Pizza for more than 30 years and has been a stable in the Girard Estate Neighborhood of South Philadelphia. City Pizza has a long-term lease in place where a buyer can benefit from immediate income. The 2-story property zoned CMX-1 also has an apartment on the second floor which is currently being leased out at a rate that is below market value.
Financials on the business can be shared upon request.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,328 SF
Building Class
C
Year Built
1920
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
2.00
Land Acres
0.02 AC
Zoning
CMX1 - Neighborhood Commercial Mixed-Use-1
Frontage
19 ft on S 16th St

Amenities

  • Corner Lot
  • Pylon Sign
  • Signalised Intersection
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Walk Score ®
Very Walkable (85)
Transit Score ®
Excellent Transit (77)
Bike Score ®
Very Bikeable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

WSFS Bank
ACME
Starbucks
Philly Pretzel Factory
Td Bank
Citizens Bank
PNC Bank
Chickie's & Pete's
Checkers
Grocery Outlet

PROPERTY TAXES

Parcel Number 882969942 Improvements Assessment £151,556
Land Assessment £37,889 Total Assessment £189,444

PROPERTY TAXES

Parcel Number
882969942
Land Assessment
£37,889
Improvements Assessment
£151,556
Total Assessment
£189,444
(215) 561-6565 x155

  • Listing ID: 30288329

  • Date on Market: 05/12/2023

  • Last Updated:

  • Address: 2700 S 16th St, Philadelphia, PA 19145

The Retail Property at 2700 S 16th St, Philadelphia, PA 19145 is currently available For Sale. Contact The Flynn Company for more information.

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© 2024 CoStar Group

2700 S 16th St
(215) 561-6565 x 155

2700 S 16th St

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Joseph Naselli

(215) 561-6565

x155

(215) 561-6565 x155

Mike Gallagher

(215) 561-6565

(215) 561-6565

Brendan Flynn

(215) 561-6565

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(215) 561-6565 x152

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