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Sat along the border of Philly's booming Pennsport and Whitman neighborhoods, 358 Snyder Ave is a fully occupied, mixed-use property offering a fantastic investment opportunity in a prime location. Zoned RSA5 with use variance for a bar/restaurant, the building has a street-level commercial space and two 3-bed, 1-bath apartments on the upper floors. The commercial space is leased by a sushi restaurant for $2,650/month through 2030. It features a front prep area and cash wrap, a rear dining area, storage, and a restroom on the main level, along with a fully functioning professional kitchen and refrigerator walk-ins on the lower level. The space is also fitted with a high-efficiency commercial heating and an a/c system. The two apartments are currently leased as a bundle for a total of $1,500 on a month-to-month basis. Each has 3 bedrooms, 1 bathroom, a full kitchen, and separately metered all-electric appliances. The units could rent for $1,300/month individually in their current condition or capture a higher price with renovations. 358 Snyder Ave's central location is surrounded by business corridors and new construction, earning a Walk Score of 93! Snyder Ave is a neighborhood hub home to many local businesses while intersecting E Moyamensing Ave is lined with popular restaurants and shops. Sprawling parks that host community events and farmer's markets are nearby, plus Target, ACME, Lowe's, and IKEA are less than a 5-minute drive. There's also easy access to public transit, the sports complex, Columbus Blvd, I-95, I-76, and South Jersey. Schedule your showing today!
| DAYS ON MARKET | 271 | LAST UPDATED | 8/28/2024 |
|---|---|---|---|
| TRACT | PENNSPORT | YEAR BUILT | 1905 |
| COMMUNITY | 19148 (19148) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Mar 8, '24 | $680,000 |
|---|---|
| Mar 8, '24 - Apr 8, '24 | $660,000 |
| Apr 8, '24 - Apr 29, '24 | $628,000 |
| Apr 29, '24 - Jun 3, '24 | $613,000 |
| Jun 3, '24 - Aug 28, '24 | $599,000 |
| Aug 28, '24 - Today | $575,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19148 (19148) |
| HEAT | Baseboard, Electric, Forced Air |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 16.00 x 72.00 |
| SEWER | Public Sewer |
| SUBDIVISION | PENNSPORT |
| TAXES | 4318 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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