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Rare to market, this commercial mixed use investment opportunity affords today's most savvy investor an incredible slice of heaven in one of the most sought after locations in the city. This magnificent building is ideally located right by Rittenhouse Square on a highly desirable block with all the amenities anyone could ask for. This building has undergone an extensive renovation for a long term medical tenant which has a 2 story medical office, that was painstakingly updated top to bottom. High ceilings, hardwood flooing, updated plumbing and electtrical. The old world charm meeting with today's modern amenitites has been meticulously combined and affords plenty of street exposure and natural lighting. In addition to the medical practice, there are additional apartments as well. There are 4 units, compiling of 3 one bedroom apartments and a two story penthouse with 2 bedrooms. This building brings in about $188,000 in annual inome. Utiliites have been separated out, long term tenants in excess of 10 years for some. This building exemplifies the beauty and archittectural marvel that Philadelphia portrays at a high level. A true pillar to anyone's investment portfolio.
| DAYS ON MARKET | 532 | LAST UPDATED | 4/16/2024 |
|---|---|---|---|
| TRACT | RITTENHOUSE SQUARE | YEAR BUILT | 1890 |
| COMMUNITY | 19103 (19103) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Mar 15, '23 | $2,900,000 |
|---|---|
| Mar 15, '23 - Apr 4, '24 | $2,800,000 |
| Apr 4, '24 - Apr 16, '24 | $2,700,000 |
| Apr 16, '24 - Today | $2,600,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19103 (19103) |
| BUYER'S BROKERAGE COMPENSATION | 2.5 |
| HEAT | Forced Air, Natural Gas |
| LOT | 1742 sq ft |
| LOT DIMENSIONS | 23.00 x 80.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | RITTENHOUSE SQUARE |
| TAXES | 14465 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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