Philadelphia, PA 19120,5613-17 N 5TH ST N
Philadelphia, PA 19120,5613-17 N 5TH ST N
Philadelphia, PA 19120,5613-17 N 5TH ST N
Philadelphia, PA 19120,5613-17 N 5TH ST N
Philadelphia, PA 19120,5613-17 N 5TH ST N
Philadelphia, PA 19120,5613-17 N 5TH ST N
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$900,000

$1,050,000

14.3%
Est.Price: ?

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Est. payment /mo

0.28 Acres Lot


SOLD DATE : 01/17/2023

Key Details

Sold Price $900,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Olney (East)

MLS Listing ID PAPH2183524

Sold Date 01/17/23

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $11,664

Tax Year 2022

Lot Size 0.284 Acres

Acres 0.28

Lot Dimensions 40.00 x 220.00

Property Description

Currently cash flowing $84,000 NOI per year, NNN lease expires in Feb 2024. Tenant is a well-established day care operator with additional location nearby. Located along a major commercial corridor in the Olney/Oak Lane section of North Philadelphia. Recent owner renovations in 2019 and tenant fit outs completed in 2020. Can retain current tenant with potential expanded/diversified use of the upstairs space which is approximately 8,000 Sf. Extremely desirable for a value-add investor or owner/operator

Located in the Olney neighborhood in North Philadelphia.  Bounded by Roosevelt Boulevard to the south, Olney is a residential neighborhood, with commercial centers for many surrounding groups. 5th Street has a Korean American business district in the vicinity of Olney Avenue, and Hispanic businesses flourish in the southern reaches of the neighborhood.

Location

State PA

County Philadelphia

Area 19120 (19120)

Zoning CMX25

Interior

Hot Water Electric

Heating Forced Air

Cooling Heat Pump(s), Programmable Thermostat

Flooring Luxury Vinyl Tile

Heat Source Electric

Exterior

Waterfront N

Water Access N

View Street

Roof Type Flat,Rubber

Street Surface Paved

Accessibility 48\"+ Halls, 2+ Access Exits

Road Frontage City/County

Parking Type On Street

Garage N

Building

Lot Description Road Frontage, Level, Backs - Open Common Area

Sewer No Septic System, Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Lowell James

Middle Schools Grover Washington Jr

High Schools Fels Samuel

School District The School District Of Philadelphia

Others

Tax ID 882861400

Ownership Fee Simple

SqFt Source Assessor

Security Features Electric Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Richard P Goldstone • KW Commercial
Bought with Qi Zhao • KW Philly
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