Price Reduction
Address
2347 E Somerset Street, Philadelphia, PA
Price
$ 1,349,000
Property Attributes
- MLS#PAPH2335636
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19134
- NeighborhoodPort Richmond
- Zip19134
- StyleConvenience Store/Gas,Hair Salon and Spa,/General
- Year Built1925
- Taxes$ 2242
- Price$ 1,349,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4696
- Lot Size4,792 SqFt
Data Source:
Bright MLS
Property Description
Included in this enticing package are three properties to be sold together: a mixed-use townhome (2347) alongside two residential properties (2345-2343). With 2347 Somerset St. previously being a mixed-use pizza shop, all of the equipment is included, giving a fully equipped pizza shop. Boasting a prime location just off Aramingo Ave., these properties offer convenience and accessibility, with a remarkable walking score of 80. Tenants will relish the proximity to local favorites such as Tacconelli's and Stock's Bakery, as well as the vibrant shopping destination of Fishtown Crossing, which boasts nearly 30 shops, including GNC, Hair Cuttery, Starbucks, and IGA Supermarket, just a short stroll away. This turnkey pizza shop, combined with the potential for mixed-use development, presents a compelling proposition for those seeking to maximize their investment potential in Philadelphia's dynamic real estate landscape. Investors have the exciting opportunity to capitalize on the potential for converting the single units within the property package at 2347-45-43 E. Somerset Street into multi-family residences or commercial mixed-use (CMX) spaces. Leveraging the strategic location just northeast of the Conrail tracks in Port Richmond, Philadelphia, these properties offer a fertile ground for innovative development. Whether it's reimagining the existing mixed-use townhome (2347) or repurposing the adjacent residential properties (2345-2343) into multi-family apartments or flexible CMX spaces, the prospects for adaptive reuse are vast. Total square footage for building improvements is 4,696 soft including all three properties (2343: 1504 sqft; 2345: 1692 sqft; 2347: 1500 sqft). Total land square footage is 4816 sqft including all three properties (2343: 1173 sqft; 2345: 1320 sqft; 2347: 2323 sqft).
| Price History | |
|---|---|
| 3/26/2024 | Listed $1,395,000 |
| 5/7/2024 | 4% - $1,349,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | 90% Forced Air |
| Cooling | None |
| Possession | 31-60 Days CD,0-30 Days CD,Immediate |
| Zoning | CMX1 |
| Construction Materials | Masonry |
| Year Built | 1925 |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Business Type | Convenience Store/Gas,Hair Salon and Spa,Other/General Retail,Restaurant/Bar |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | PORT RICHMOND |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Use GPS. |
| ModificationTimestamp | 2024-05-06T20:11:34 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 2 |
| MLS Area | 19134 (19134) |
| Lot Size Square Feet | 4816.00 |
| Tax Assessed Value | 160200.0 |
| Waterfront Y/N | No |
| Street Name | SOMERSET |
| Tax Annual Amount | 2242.0 |
| Price Per Sq Ft | 287.27 |
| Acceptable Financing | Cash,Conventional,Private |
| Vacation Rental Y/N | No |
| Days on Market | 42 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | Pizza shop equipment included |
| Type of Parking | On Street |
| Land Use Code | S30 |
| Water View Y/N | No |
| Building Area Total | 4696.00 |
| Lot Dimensions | 57.00 x 73.00 |
| Lot Size Acres | 0.11 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 32040.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Estimated |
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 19134
Price
Taxes
Visits
Year Built
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