1,529 Sqft Lot
1,529 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Manayunk
MLS Listing ID PAPH2596216
Year Built 1940
Annual Tax Amount $4,552
Tax Year 2025
Lot Size 1,529 Sqft
Acres 0.04
Lot Dimensions 11.00 x 46.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The property features a 1,100 SF ground-floor commercial space with CMX-2 zoning, allowing for a wide variety of uses including food & beverage, grocery, restaurant, BYOB, deli, pizza, café, ice cream, retail, pet supplies, salon, or professional office space. Previously home to a successful deli, the space benefits from excellent street presence, strong foot traffic, and close proximity to Main Street. The commercial unit is currently vacant and offered for lease at $3,200/month, creating immediate income potential or the perfect setup for an owner-user.
Above the commercial space are three fully renovated residential units, all leased and generating $4,750/month in rental income. The unit mix includes one 2 bed/ 1 bath unit ($1,900/month) and two 1 bed/ 1 bath units ($1,475 and $1,375/month).
Each apartment features central air, vinyl flooring, new appliances, in-unit washer/dryer, and separate utilities, with tenants responsible for their own electric. All units were fully renovated in 2023, including updated plumbing, electrical systems, and sprinkler water lines. The commercial space includes a newer HVAC system (approximately 4 years old), along with updated fire and burglar alarm systems.
With the commercial space leased at market rent, the property offers a projected gross income of $7,950/month ($95,400 annually).
Ideally located just 1 block from Main Street and within close proximity to the Manayunk train station, I-76, and Center City, this property sits in one of Philadelphia's most vibrant and rapidly growing neighborhoods. Manayunk continues to see strong development activity, with new condo projects and residential growth driving increased foot traffic and demand for local businesses, making this an exceptional location for long-term appreciation and commercial success.
A rare opportunity to acquire a turnkey mixed-use asset in a high-demand corridor with both stable income and significant upside.
Location
State PA
County Philadelphia
Area 19127 (19127)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Equipment Negotiable
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871402260
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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Agent | License ID: 0787303
129 CHESTER AVE., MOORESTOWN, Jersey, 08057, United States