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Newly Reduced! High-Yield Investment Opportunity - 13.24% Cap Rate in a Federal Opportunity Zone. This prime corner mixed-use property delivers strong cash flow and is situated within a designated Federal Opportunity Zone, offering significant tax incentives for the savvy investor. Currently designed as a fully equipped neighborhood grocery store, the retail space includes shelving, refrigeration units, and a deli counter"”all included in the sale. Above the store is a spacious two-bedroom, one-bath residential unit featuring a living room, a kitchen with a combined dining area, and a private deck. Additionally, the property includes a roughed-in studio space at the rear of the first floor"”perfect for expanding residential income, additional storage for the corner store or reimagining as a home office, flex space or Airbnb. The commercial space also has direct basement access for storage, via the interior or the Bilco door entrance from the street.This is a versatile, income-producing asset with excellent value-add potential in a high-demand location"”ideal for both seasoned investors and new entrants seeking long-term growth with built-in tax advantages. Needs TLC but the value is there for a savvy investor. Easy to see with no tenants.
| DAYS ON MARKET | 39 | LAST UPDATED | 6/10/2025 |
|---|---|---|---|
| YEAR BUILT | 1925 | COMMUNITY | 19131 (19131) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | PHILADELPHIA CITY |
|---|---|
| High School | OVERBROOK |
| PRICE HISTORY | |
| Prior to Jun 10, '25 | $275,000 |
|---|---|
| Jun 10, '25 - Today | $250,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Gas Water Heater |
| AREA | 19131 (19131) |
| HEAT | Forced Air, Natural Gas |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 16.00 x 78.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 1272 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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