Address
1223 Spruce Street, Philadelphia, PA
Price
$ 1,500,000
Property Attributes
- MLS#PAPH2208200
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19107
- NeighborhoodWashington Sq West
- Zip19107
- StyleApartment Building,Hotel/Motel,/General Retail
- Year Built1880
- Taxes$ 11674
- Price$ 1,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4300
- Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description
WASHINGTON SQUARE WEST :: Premier Location :: 5 Unit Multi-Family :: Zoned CMX-1 :: Rare Opportunity :: This circa 1880s converted estate home is an ideal value -add to your portfolio. Many original features are still intact while featuring high ceilings, large windows providing abundant natural light, ideal floorplans within a premier location! Potential tenants flow from 2 medical schools (Jefferson & UPENNs Pennsylvania Hospital systems), professional employment centers (Financial & Law Office corridor) , U of the Arts and hubs for public transit (both major subway lines, bus routes, trolleys and biking lanes). Walk & Transit Score of 100 & a Bike score of 91! In addition, this property has untapped potential for even more interior square footage in the basement, on the 4th floor (currently a double height living space) & the rear of the building for expansion on the second & third floors, vastly increasing value and income. Property is maintained with recent upgrades to the heating system, new hot water heaters, new windows where needed. Currently fully occupied and a proforma with all income & expenses, and other details is attached. Please reach out for further information & details.
| Price History | |
|---|---|
| 3/1/2023 | Listed $1,500,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | Other |
| Possession | Settlement |
| Zoning | CMX1 |
| Construction Materials | Masonry |
| Year Built | 1880 |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Apartment Building,Hotel/Motel,Other/General Retail |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | WASHINGTON SQ WEST |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | GPS |
| ModificationTimestamp | 2024-02-18T15:37:37 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 5 |
| MLS Area | 19107 (19107) |
| Lot Size Square Feet | 1927.00 |
| Tax Assessed Value | 834000.0 |
| Waterfront Y/N | No |
| Street Name | SPRUCE |
| Tax Annual Amount | 11674.0 |
| Price Per Sq Ft | 435.41 |
| Vacation Rental Y/N | No |
| Days on Market | 428 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 104 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | None |
| Land Use Code | CA0 |
| Water View Y/N | No |
| Building Area Total | 3445.00 |
| Lot Dimensions | 22.00 x 89.00 |
| Lot Size Acres | 0.04 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 250200.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19107
Price
Taxes
Visits
Year Built
Walkscore
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