Address
1900 E Chelten Avenue, Philadelphia, PA
Price
$ 2,450,000
Property Attributes
- MLS#PAPH2311914
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19138
- NeighborhoodWest Oak Lane
- Zip19138
- StyleGeneral Retail
- Year Built1925
- Taxes$ 19121
- Price$ 2,450,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage17555
- Lot Size5,663 SqFt
Data Source:
Bright MLS
Property Description
8 Unit NNN Retail Strip Portfolio with 250' of corner frontage for sale on a heavily trafficked intersection! 8.47% Stabilized Cap Rate with rent increases built into the stable long-term leases. Property is currently generating $192,000 with two vacancies but has a potential gross income of $267,400 . 6 retail units and 2 big box units span a total of 17,999sqft. Profit & Loss, T12, Proforma, Comps and Leases are available upon request.
| Price History | |
|---|---|
| 1/11/2024 | Listed $2,800,000 |
| 3/8/2024 | 8% - $2,600,000 |
| 4/15/2024 | 6% - $2,450,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | Central A/C,Wall Unit |
| Possession | Negotiable |
| Zoning | CMX2 |
| Construction Materials | Brick,Other |
| Year Built | 1925 |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Other/General Retail |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | WEST OAK LANE |
| Possible Use | Industrial,Retail,Other |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Corner of Chelten and Ogontz Ave |
| ModificationTimestamp | 2024-05-15T22:15:10 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 1.15 |
| MLS Area | 19138 (19138) |
| Lot Size Square Feet | 5610.00 |
| Tax Assessed Value | 1366000.0 |
| Waterfront Y/N | No |
| Street Name | CHELTEN |
| Tax Annual Amount | 19121.0 |
| Price Per Sq Ft | 139.56 |
| Vacation Rental Y/N | No |
| Days on Market | 114 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 117 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | MD0 |
| Water View Y/N | No |
| Building Area Total | 17555.00 |
| Lot Dimensions | 141.00 x 38.00 |
| Lot Size Acres | 0.13 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 273193.00 |
| 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 19138
Price
Taxes
Visits
Year Built
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