$1,485,587
$1,850,000
19.7%For more information regarding the value of a property, please contact us for a free consultation.
6,000 SqFt
SOLD DATE : 04/04/2024
Key Details
Sold Price $1,485,587
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $247
MLS Listing ID PAPH2056610
Sold Date 04/04/24
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $1,970
Tax Year 2023
Lot Size 0.297 Acres
Acres 0.3
Lot Dimensions 60.00 x 132.00
Property Description
Sale Includes: Real Estate (combined 6000 sf per phila.gov), Operating Business with proven track record, Fully In Place Tenant, Equipment, Fixtures, High CAP Rate Lucrative Asset, Excellent Opportunity for ABSENTEE OWNER, OWNER USER, or INVESTOR Significant ROI, Low RE Tax ($5605 combined per Phila.gov). Properties specifically designed and reconstructed for efficient use by a food service provider. Check out possibility to expand building +-1000 sq ft for Additional Income Producing Kitchen and or Cold Storage Space. Sale includes two adjoining well maintained masonry buildings (with separate parcel numbers) Large remote controlled gated parking lot divides the buildings. INCLUDES In Place Qualified Tenant. Included are state of the art commercial kitchen modules, abundant dry and cold storage areas and Two Walk In Refrigerators, Stainless Steel Tables with Many Other Fixtures and 24 Hour Surveillance System, and more. Located in an Opportunity Zone 1 mile from I95 Bridge Street ramp.
(Due to local health laws and regulations most mobile food vendors are required to be engaged with a support facility aka commissary. A commissary is a convenient law compliant location where the food is prepared and in a setting easily accessible by local health inspectors. What this means to an owner is you have access to a very large captive customer base.
A commissary caters to the needs of food truck and food cart operators, caterers, bakers, packaged goods providers, meal prep, condiment manufacturers, ghost kitchens, institutional food prep providers to name a few). Easily operated by some one with or WITHOUT food experience. Check Opportunity Zone Maps for add'l programs.
Location
State PA
County Philadelphia
Area 19137 (19137)
Zoning ICMX
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ductless/Mini-Split
Heat Source Natural Gas
Exterior
Garage Spaces 23.0
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors
Parking Type Parking Lot, On Street
Total Parking Spaces 23
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 884848105 & 884350240
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Natasha Martin • Diamond Platinum Realty
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