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Discover a prime investment opportunity in the vibrant Grays Ferry neighborhood! This versatile corner property, currently utilized as a Child Learning Center and Day Care Facility, offers a wealth of potential. Ideal for investors looking to add a cash flowing property to their rental portfolio with tons of upside. The property is currently occupied by a tenant on a 5 year triple net lease which started in April of 2024. The monthly rent for the 1st year is $5,564 ($66,768/year) with a 3% increase each year of the lease. The property is zoned CMX-2 which can be a development opportunity turning this into a mixed use multi-family property by right. The building sits on 100% of the lot which is 3,100 Sq/Ft. Featuring spacious rooms, modern amenities, and a flexible layout, this corner property has a ton of options for what it can be used for once the current lease expires. Its prominent location in a thriving community adds additional value, making it an excellent choice for a development project. Don't miss out on this chance to capitalize on a property with a proven track record in a growing area. Schedule your visit today and envision the possibilities!
| DAYS ON MARKET | 7 | LAST UPDATED | 9/19/2024 |
|---|---|---|---|
| TRACT | GRAYS FERRY | YEAR BUILT | 1940 |
| COMMUNITY | 19146 (19146) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19146 (19146) |
| HEAT | Central, Natural Gas |
| LOT | 3049 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 50.00 x 62.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | GRAYS FERRY |
| TAXES | 3817 |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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