PA > Philadelphia
Philadelphia, PA 19107,1016-18 RACE ST
Philadelphia, PA 19107,1016-18 RACE ST
Philadelphia, PA 19107,1016-18 RACE ST
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$585,000
Est. payment /mo
14,000 SqFt
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UPDATED:

10/08/2024 02:08 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 14,000 sqft

Price per Sqft $41

MLS Listing ID PAPH2317142

Originating Board BRIGHT

Year Built 1890

Annual Tax Amount $42,614

Tax Year 2024

Lot Size 7,223 Sqft

Acres 0.17

Lot Dimensions 42.00 x 169.00

Property Description

REDUCED PRCE for QUICK SALE! Don't miss your opportunity for a unique Investment Opportunity in the Heart of Chinatown! Liquor License Available!

Seize the opportunity to own a thriving business with a long-term lease, strategically located in the vibrant heart of Chinatown. This prime property boasts:

National Long-Term Tenants:
Secure your investment with existing leases held by reputable national long-term tenants. This stability not only ensures a consistent income stream but also lays a solid foundation for the future success of your venture.

Profitable at 40% Occupancy:
Witness unparalleled financial efficiency! The current rent roll covers the majority of expenses even at a mere 40% occupancy. Imagine the potential for increased profitability with strategic leasing and management.

Versatile Spaces:
This property offers versatile spaces, providing the canvas for your entrepreneurial vision. Whether you bring in new concepts or tenants, the possibilities are limitless. Customize and curate a dynamic mix that resonates with the energy of Chinatown.

Long-Term Lease in Place:
Benefit from the security of a long-term lease, providing stability and peace of mind for your investment. Your business can thrive and evolve over the years, establishing itself as a cornerstone of the community.

Chinatown's Pulse at Your Doorstep:
Immerse yourself in the vibrant culture and energy of Chinatown. With this central location, your business becomes an integral part of the local scene, attracting a diverse and engaged audience.

Global Appeal, Local Charm:
Embrace the global allure of Chinatown while maintaining the charm of a local business. This unique combination positions your investment as a magnet for both locals and visitors seeking an authentic experience.

Your Vision, Your Success:
Unleash your creativity and business acumen – this is your chance to shape the future of a prime property in the heart of Chinatown. Take the reins, bring in fresh concepts, and watch your investment flourish.

Don't miss out on this unparalleled business opportunity. Contact us now to explore the endless potential that awaits you in Chinatown!

Location

State PA

County Philadelphia

Area 19107 (19107)

Zoning CMX4

Interior

Hot Water Multi-tank

Heating Central

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 48\"+ Halls, 36\"+ wide Halls

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882250805

Ownership Leasehold

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Private, Other, Joint Venture, Lease Purchase, Negotiable

Listing Terms Cash, Conventional, Private, Other, Joint Venture, Lease Purchase, Negotiable

Financing Cash,Conventional,Private,Other,Joint Venture,Lease Purchase,Negotiable

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by Jung Ahn • OCF Realty LLC - Philadelphia
advisor-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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