Price Reduction - Views
Address
2501 S Hobson Street, Philadelphia, PA
Price
$ 349,500
Property Attributes
- MLS#PAPH2274104
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19142
- NeighborhoodElmwood Park
- Zip19142
- StyleConvenience Store/Gas,Cold Storage,Day Care Facili
- Year Built1935
- Taxes$ 1681
- Price$ 349,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2146
- Lot Size0.03 Acres
Data Source:
Bright MLS
Property Description
RARE OPPORTUNITY to own this very unique & LARGE Mixed-Use CORNER Store Front with 1 very spacious Apartment Unit upstairs with a balcony in the heart of Southwest Philadelphia! This property is located DIRECTLY across the street from the LARGE & BRAND NEW Amazon Distribution Center!!! This Deli has been operated by the Owner for over 41 years! Seller will transfer their Eating Place (E) Liquor License to the New Owner at the time of Settlement. Take advantage of this rare opportunity before it's gone! This Commercial Mixed-Use Property features a TOTAL of 2 bedrooms, 1 Full Bathroom & 3 Half Bathrooms! Commercial Store Front has a Half Bathroom at the rear of the store, & 2 more half bathrooms in the basement. Sellers are including ALL commercial equipment, refrigerators, freezers, shelves, tables, chairs, etc, but are EXCLUDING the stores inventories (such as beers/liquors, deli meats, beverages, snacks, etc.). Entire store on 1st floor has very high ceilings & the property is very well-maintained throughout the years. There is a storage room at the rear of the property and a very large unfinished basement that holds all of the inventory, as well as the utility appliances (Hot Water Heater & Heating System). There are 2 Cellar doors at the side of the property that can easily transfer things into the basement for storage. You can enter the upstairs Apartment Unit on a separate side entrance of the building on Elmwood Avenue. 2nd Floor Apartment is very spacious & consists of 2 good-sized Bedrooms, 1 Full Bathroom, Living Room, Dining Room & a Kitchen! It has nice NEW laminate floors T/O the 2 Bedrooms, Dining Room & Kitchen & new carpets in the Living Room, Hallway & Stairs! ALL Laminate Floors & Carpets have been newly installed in February 2023! Full Hallway Bathroom consists of a single vanity, toilet & tub! Kitchen has a gas stove/range and also a washer hook-up. Upon exiting the Kitchen, youll enter a good-size Balcony overlooking Elmwood Ave. & the Amazon Warehouse! Sellers had replaced ALL BRAND NEW Windows for the upstairs apartment in Feb. 2023! Plenty of natural lights shining T/O entire Apartment to help you save on energy bills! You can gain access to the Unfinished Basement from inside the store, OR from either of the 2 metal sidewalk cellar doors at the side of the Store on Elmwood Ave. Start off your new home, business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. Seller is discontinuing their Business Name after Settlement. Any potential Buyers who would like to continue to run this same type of business may do so at their own expense with a NEW Business Name of their choice. Sellers are willing to provide 2 weeks of training for how to run the business if potential Buyer chooses to do so. IF renting out the Commercial space, Commercial rents can be projected to bring in over $2,000-$2,500/mo. in the area and the Apartment Unit can be projected to bring in $1,200-1,400/mo. for rent! Owner pays water ( $45/mo.), electric ( $400/mo.), gas ( $40/mo.), Trash ( $500/yr. for Commercial), & Business Telephone ( $135/mo.). Owner owns the Fire Alarm system. Live in 1 Unit & Rent out the other to help cover your mortgage & potentially earning some cash flows OR continue to run the same business & live right upstairs OR open up your own business! So your investment possibilities are endless w/ this very large CORNER Mixed-Use Property! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed). Septa bus / trolley stops & public transportation are easily accessible in the area! Close to supermarkets, stores, gyms, restaurants, parks, & minutes from Penrose Plaza Shopping Center! Easy access to all major highways! Minutes away from Philly Airport, Auto Mall, Universities, Center City, & many more! Get an offer in quickly before it's gone!!
| Price History | |
|---|---|
| 9/4/2023 | Listed $399,900 |
| 12/11/2023 | 2% - $394,900 |
| 1/30/2024 | 6% - $374,900 |
| 5/20/2024 | 7% - $349,500 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Radiator |
| Cooling | Wall Unit |
| Utilities | Electric Available,Natural Gas Available,Phone,Phone Available,Phone Connected,Sewer Available,Water Available |
| Possession | Immediate |
| Roof | Flat,Rubber |
| Zoning | CMX2 |
| Security Features | Carbon Monoxide Detector(s),Fire Detection System,Security System,Smoke Detector |
| Construction Materials | Masonry,Brick,Brick Front,Cast Iron Plumbing,Copper Plumbing,CPVC/PVC,Other |
| Exclusions | ALL Store Inventory (such as liquor/beer,cold cuts,beverages,etc.) |
| Year Built | 1935 |
| Electric | 100 Amp Service,Circuit Breakers |
| View | Street |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| OwnerPays | Air Conditioning,All Utilities,Electricity,Gas,Heat,Insurance,Supplies,Taxes - Real Estate,Trash Collection,Water,Other |
| Business Type | Convenience Store/Gas,Cold Storage,Day Care Facility,Funeral Home,Hair Salon and Spa,Flex,Medical,Other/General Retail,Professional,Restaurant/Bar,Religious Facility,Supermarket/Grocery Store,Other |
| Accessibility | None |
| County | PHILADELPHIA |
| Operating Expense | 661.67 |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | ELMWOOD PARK |
| Possible Use | Apartments,Bar/Tavern/Lounge,Barber/Beauty,Beer/Wine/Liquor,Commercial,Convenience Store,Food & Beverage,Food Market,Investment,Mixed Use,Multi-Family,Office,Day Care,Liquor Store,Medical/Dental,Prof |
| Water Access Y/N | No |
| Property Use | Owner User |
| Transportation | Airport less than 10 miles,Bus Stop less than 1 mile |
| Status | ACTIVE |
| Directions | Between S. 67th Street,S. 68th Street,& Elmwood Avenue |
| ModificationTimestamp | 2024-05-20T09:04:07 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 3.5 |
| Disclosures | Lead Based Paint - Federal,Lead Based Paint - State,Prop Disclosure |
| Total Units | 2 |
| MLS Area | 19142 (19142) |
| Lot Size Square Feet | 1163.00 |
| Tax Assessed Value | 120100.0 |
| Waterfront Y/N | No |
| Street Name | HOBSON |
| Tax Annual Amount | 1681.0 |
| Electric Expense | 400.00 |
| Property Condition | Very Good,Good,Average |
| Trash Expense | 500.00 |
| Price Per Sq Ft Total | 162.86 |
| Acceptable Financing | Cash,Conventional |
| Historic Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 250 |
| Location Type | Corner Lot/Unit |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 25 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Carpet,Laminated |
| Hot Water | Natural Gas |
| Total Stories | 2 |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
| Total Restrooms | 4 |
Exterior Features
| Lot Features | Corner |
|---|---|
| Water Source | Public |
| Inclusions | ALL in AS-IS Condition: ***Eating Place (E) Liquor License***,ALL Commercial Equipments,Refrigerators,Commercial Deli Display,Tables,Chairs,Storage Display,Freezers,etc. |
| Type of Parking | On Street |
| Land Use Code | S30 |
| Foundation Details | Brick/Mortar,Concrete Perimeter |
| Water View Y/N | No |
| Building Area Total | 2146.00 |
| Lot Dimensions | 17.00 x 71.00 |
| Lot Size Acres | 0.03 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Other Equipment | Negotiable,See Remarks |
| Land Assessed Value | 24000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | Yes |
| 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 19142
Price
Taxes
Visits
Year Built
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