Philadelphia, PA 19137,2549-2551 ORTHODOX ST
Philadelphia, PA 19137,2549-2551 ORTHODOX ST
Philadelphia, PA 19137,2549-2551 ORTHODOX ST
Philadelphia, PA 19137,2549-2551 ORTHODOX ST
Philadelphia, PA 19137,2549-2551 ORTHODOX ST
Philadelphia, PA 19137,2549-2551 ORTHODOX ST
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$1,485,587

$1,850,000

19.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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Bright MLS (BMLS)
Listed by Mark F Orehowsky • Coldwell Banker Hearthside Realtors
Bought with Natasha Martin • Diamond Platinum Realty
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