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32278723
32278722

1431 South 58th Street, Philadelphia, PA 19143 For Sale

KS
PA RM426275, MD 6631692 (+1)
$295,000
76 days on market
Updated 76 days ago

1431 South 58th Street

Details
Property Type Retail, Multifamily (+1)
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 1,798
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Year Built 1920
Year Renovated 2022
Buildings 1
Acreage 0.030
Zoning CMX2
Lease Commencement 11/13/2016
Ground Lease No

1431 S 58th Street, Philadelphia, PA 19143 – Prime Mixed-Use Investment Opportunity

Marketing description

Once in generation opportunity. 1431 S 58th Street, Philadelphia, PA 19143 presents a rare mixed-use opportunity in a prime corner location. This 1,782 square foot property sits on a 1,333 square foot lot and is zoned CMX-2, allowing for a wide range of commercial and residential uses. The first floor features a very successful beautifully maintained, modern grocery store complete with a deli counter, commercial-grade refrigeration, reach-in refrigerators, lottery setup, and slot machines—creating a convenient neighborhood hub. The space is equipped with a full camera security system throughout, providing added peace of mind for business operations. Above the commercial space, the property offers a spacious 3-bedroom apartment with a large kitchen. With a separate entrance, the residential unit is ideal for rental income or owner-occupancy. The current tenant lease is set to expire shortly, presenting an excellent opportunity for an investor or owner-user to step into a turnkey setup or reposition the asset to maximize value.

Investment highlights

Once in generation opportunity. 1431 S 58th Street, Philadelphia, PA 19143 presents a rare mixed-use opportunity in a prime corner location. This 1,782 square foot property sits on a 1,333 square foot lot and is zoned CMX-2, allowing for a wide range of commercial and residential uses. The first floor features a very successful beautifully maintained, modern grocery store complete with a deli counter, commercial-grade refrigeration, reach-in refrigerators, lottery setup, and slot machines—creating a convenient neighborhood hub. The space is equipped with a full camera security system throughout, providing added peace of mind for business operations. Above the commercial space, the property offers a spacious 3-bedroom apartment with a large kitchen. With a separate entrance, the residential unit is ideal for rental income or owner-occupancy. The current tenant lease is set to expire shortly, presenting an excellent opportunity for an investor or owner-user to step into a turnkey setup or reposition the asset to maximize value.

Listing Contacts

KS
PA RM426275, MD 6631692 (+1)

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Additional Information

Name
Keave Slomine
License
RB070322
Brokerage
New Republic Realty
Title
Broker of Record
Brokerage Address
1024 Lancaster Avenue Berwyn, PA 19312
Name
Keave Slomine
License
RM426275
Brokerage
New Republic Realty
Brokerage Phone
6109770200
Title
Broker
Brokerage Address
1024 Lancaster Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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