$157.94 Per Sq Foot $1,068 est/mo Sourced by Back At You

5731 N 5th St,Philadelphia, PA 19120

Philadelphia PA, 19120

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Description

This mixed-use property located on busy 5th Street in the Olney section of North Philadelphia presents an excellent opportunity for both owner-users and investors. Here's a breakdown of its key features:Situated along a major commercial area, the property benefits from high visibility and foot traffic, which is advantageous for businesses.The property offers a mix of commercial and residential space. The first floor can be utilized as one large office/commercial space or divided into two separate units to accommodate different businesses. This flexibility appeals to a wide range of tenants or businesses.The property has been recently updated, enhancing its appeal and reducing the immediate need for further renovations or repairs. A significant advantage is the presence of private fenced parking for two cars in the backyard. This amenity adds value, especially in urban areas where parking can be scarce. With its strategic location and mixed-use layout, the property presents a promising investment opportunity. It could generate rental income from both commercial and residential tenants. For those looking to establish their business, the property offers the opportunity to own their workspace while potentially generating additional income from the residential unit.The fact that the property will be sold simultaneously with another at 5733 N. 5th Street indicates potential for portfolio expansion or coordinated investment strategies.Seller is a licensed Pa Realtor.Overall, this property's combination of location, flexibility, recent updates, and investment potential makes it an attractive proposition for both business owners and investors in the Philadelphia area

Details

MLS#PAPH2290306
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1945
Days On Site209
Listing Provided ByAce Properties LLC | David Yoo

Features

SQ Feet1,260
ZoningCMX25
Acreage0.04

Market Activity 19120

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Learn More About This Property

StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19120
Area19120
School DistrictThe School District Of Philadelp
Elementary SchoolJames R. Lowell School
Listing VS Median (in 19120)
Price:
$199,000
low | high
Med:
$195,000
52.010050251256% of Average
SqFt:
1,260
low | high
Med:
992
71.269841269841% of Average
$ / SqFt:
$158
low | high
Med:
$197
25.536958988491% of Average
On Site:
209
low | high
Med:
9.000000
100% of Average
Sourced by Back At You
Listing Updated: May 18, 2024 at 2:00:37 PM PDT