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$19,800,000
81 Days Online

700 E Passyunk Avenue
Philadelphia, PA 19147

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1930
Built
County:
Philadelphia

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700 E Passyunk Avenue700 E Passyunk Avenue700 E Passyunk Avenue700 E Passyunk Avenue
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This offering includes commercial, mixed-use buildings, warehouses, and off-street parking which in many aspects provides immense potential for redevelopment. With 24 residential units, 14 commercial suites, and a buildable CMX2 lot, this package is not only stabilized but also offers significant opportunities for value add and rent increases in the future. Situated in the heart of Queen Village, this prime location ensures a steady stream of foot traffic and a vibrant atmosphere. The neighborhood is renowned for its eclectic mix of businesses and its thriving community. Among the notable commercial tenants already in place are SWEAT Fitness, The Naked Peach, IN Movement, and the Queen Village Art Center. These established businesses not only contribute to the package's impressive gross income of $1,423,524 but also enhance the overall appeal and desirability of the properties. The commercial mixed-use buildings boast a versatile layout, allowing for a variety of business types to flourish. With their attractive facades and well-maintained interiors, these buildings are ready to accommodate the next wave of entrepreneurs and visionaries. The lot included in this package presents an exciting opportunity for development. Queen Village is a highly sought-after neighborhood, known for its strong rental market and consistent demand for commercial spaces. With the right vision and execution, this package has the potential to yield even greater returns in the future. Just a mile from Center City, a short distance from the Ben Franklin Bridge, I-95, public transit, Pennsylvania Hospital, Jefferson Hospital, and Olde City, this location is unmatched for a long-term investment.

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Listing Snapshot
Price 
$19,800,000
Days Online 
81 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.29 Acres
Year Built 
1930
MLS Number 
PAPH2291458
Status 
Active
Property Tax 
$21,927
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
23 hours agoListing updated with changes from the MLS
3 months agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Construction Materials 
Other
Zoning 
CMX2
Acceptable Financing 
Negotiable
Interior Features
Heating 
Forced Air
Cooling 
Central A/CWall UnitWindow Unit(s)Heat Pump(s)
Central Air 
Yes
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Community Features
Accessibility Features 
None
Listing courtesy of KW Empower [email protected]



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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