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129-31 Green Lane

PHILADELPHIA, PA 19127
  • $775,000
  • STATUS: Active
  • ON SITE: 57 Days
  • ID#: PAPH2167922
UPDATED: 81 min ago
$775,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:

Description

129-31 Green Lane is located in the Manayunk neighborhood of Philadelphia, PA. The 3,382 square foot property offers five residential units over ground floor retail.New ownership is able to reposition the asset by raising rents to market rate and closing the loss-to-lease gap. Only one of the five units is in need of updating kitchens and baths to achieve market rents. Additionally, new ownership will attract a new retail tenant by white boxing the existing retail suite and giving the exterior of the building a light refresh.129-31 Green Lane is situated in Manayunk, known for its plethora of small businesses and independent retailers. The local community offers a wide variety of local amenities with convenience to Center City. With numerous access points to the Septa Regional Rail and major highways, residents of Manayunk are connected to the region's employers, restaurants, retailers, health care, and arts and cultural institutions.Five Units Over Commercial | Urban Infill Downtown ManayunkCentral Location | Situated One Block off Main Street Along Green LaneIncrease Cash Flow | Meet Market Rents and Close Loss-To-Lease GapCMX-2.5 Zoning | Double Wide Building Built on a 2,307 SF ParcelGreat Walkability | Dining, Groceries, and Entertainment Located Within Walking DistanceTransportation Accessibility | One Block from Manayunk Septa Train Station, Access to Center City in 15 Minutes

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-06T23:50:18.16.
www.execuhome.com/homes/133813434
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129-31 Green Lane PHILADELPHIA, PA 19127

  • Price: $775,000
  • Status: Active
  • On Site: 57 Days
  • Updated: 81 min ago
  • ID#: PAPH2167922
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1900
Built
Neighborhood:
19127 (19127)
County:
Philadelphia
Area:
19127 (19127)
Elementary School:
James Dobson School
Middle School:
James Dobson School
High School:
Roxborough
School District:
The School District Of Philadelphia
Property Description
129-31 Green Lane is located in the Manayunk neighborhood of Philadelphia, PA. The 3,382 square foot property offers five residential units over ground floor retail.New ownership is able to reposition the asset by raising rents to market rate and closing the loss-to-lease gap. Only one of the five units is in need of updating kitchens and baths to achieve market rents. Additionally, new ownership will attract a new retail tenant by white boxing the existing retail suite and giving the exterior of the building a light refresh.129-31 Green Lane is situated in Manayunk, known for its plethora of small businesses and independent retailers. The local community offers a wide variety of local amenities with convenience to Center City. With numerous access points to the Septa Regional Rail and major highways, residents of Manayunk are connected to the region's employers, restaurants, retailers, health care, and arts and cultural institutions.Five Units Over Commercial | Urban Infill Downtown ManayunkCentral Location | Situated One Block off Main Street Along Green LaneIncrease Cash Flow | Meet Market Rents and Close Loss-To-Lease GapCMX-2.5 Zoning | Double Wide Building Built on a 2,307 SF ParcelGreat Walkability | Dining, Groceries, and Entertainment Located Within Walking DistanceTransportation Accessibility | One Block from Manayunk Septa Train Station, Access to Center City in 15 Minutes
Exterior Features

Construction Materials Stone Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Window Unit(S) Heating Central Heating YN Yes Net Square Feet 3382.00

Property Features

Acceptable Financing Negotiable Accessibility Features Other Assessment Year 2023 Business Type Apartment BuildingOther/General RetailRestaurant/Bar Central Air YN No Cooling Fuel None Heating Fuel Natural Gas Hot Water Multi-Tank Municipality Philadelphia Navigable Water YN N Net Operating Income 47160.00 New Construction YN No Number Of Units Total 6 Original MLSNumber 801936721650 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 4351.00 Tax Assessment Amount 310900.00 Tax Lot 209 Vacation Rental YN No Water Source Public Zoning Cmx25

Listing courtesy of Scope Commercial Real Estate Services, Inc.: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-06T23:50:18.16.
 
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