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28989943
28989937

2700 S. 16th Street, Philadelphia, PA 19145 For Sale

AP
PA AB066001
Century 21 Advantage Gold
DL
PA RS305402
CENTURY 21 Advantage Gold
Listed by Century 21 Advantage Gold, CENTURY 21 Advantage Gold
$1,400,000
213 days on market
Updated 24 days ago

2700 S. 16th Street

Details
Property Type Special Purpose
Sub Type Other
Square Footage 1,328
Cap Rate 19.25%
NOI $269,442
Occupancy 100%
Price per SqFt $1,054
Broker Co-Op Yes
Class C
Buildings 1
Stories 2
Lot Size (SqFt) 618
Zoning CMX1
Investment Type Owner/User
Sale Condition For sale by owner

Special Purpose | 19.25% CAP | 1,328 SqFt

Marketing description

A rare opportunity to acquire City Pizza, a turnkey legendary South Philadelphia business with decades of history and an exceptionally loyal customer base. Long time owner looks to retire but will work with buyer to ensure seamless transition so business continues to operate strongly as has been their decades long tradition. This offering includes both the original location at 16th and Oregon and the second location at Front and Snyder, each positioned in high-visibility corridors surrounded by dense residential neighborhoods. The flagship store at 16th and Oregon has long served as a community staple, drawing steady foot traffic and repeat customers from the Girard Estate, Marconi, Packer Park and Point Breeze areas, as well as visitors heading to and from Philadelphia’s sports complex. The second location at Front and Snyder extends the brand’s presence into the thriving Passyunk, LoMo, Pennsport and Whitman neighborhoods and benefits from proximity to major transit routes and I-95. This property also includes a fully leased residential unit above the pizzeria, creating additional income and increased investment value. Both locations are turn-key, well established, and anchored in communities where City Pizza has been part of the local fabric for generations. A truly exceptional opportunity to own and continue the legacy of one of South Philadelphia’s most recognizable and respected names in the pizza business. The total price for both locations is $2,800,000 which is $1,400,000 for 2700 S 16th Street and $1,400,000 for 100 Snyder Ave (MLS: PAPHQ565436)
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Listing Contacts

AP
PA AB066001
Century 21 Advantage Gold
DL
PA RS305402
CENTURY 21 Advantage Gold
Listed by Century 21 Advantage Gold, CENTURY 21 Advantage Gold

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$269,442.00
$22,453.50/mo

Valuation Metrics

0
DSCR
19.25%
Cap Rate
19.25%
ROI

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Additional Information

Name
Albert Perry
License
AB066001
Brokerage
Century 21 Advantage Gold
Brokerage Phone
215-465-1400
Title
Associate Broker
Brokerage Address
2010 Oregon Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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