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32 S 18TH Street , 2ND FL

PHILADELPHIA, PA 19103
  • $1,950,000
  • STATUS: Active
  • ON SITE: 36 Days
  • ID#: PAPH2175994
UPDATED: 42 min ago
$1,950,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

32 S. 18th Street is a fully renovated 3-story, commercial mixed-use property is situated on the corner of S. 18th and Ranstead streets. This building has two (2) units and a garage. The commercial unit is occupied by +G+HUDA+G- one of Center City+GGs favorite fast-casual, sandwich shops. HUDA is currently in their third year of an initial 10-year lease (NNN) with two 5-year renewal options with 3% annual increases. The second unit is a bi-level, 3 bedroom / 2.5 bathroom townhome. The residential townhome has been fully renovated with high end finishes, new European style noise canceling windows, a private outdoor space and a one car parking garage. The townhome unit is currently vacant as current ownership has used the space themselves. It was previously rented for $4,000/mo, with garage parking included. Surrounded by high-rise apartments and condos, there is not another residential unit like this. The property has been very well maintained over the span of current ownership. This property is perfect for any buyer who is looking for a primary residence, any investor and especially short-term-rental investors. With its CMX-5 zoning, allowing for the use of Air BnB rentals (with proper licensing,) the income potential is substantial. There are very few opportunities to purchase a corner property between Chestnut and Market Streets.

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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: 2022-12-09T20:50:53.383.
www.execuhome.com/homes/134483989
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32 S 18TH Street , 2ND FL PHILADELPHIA, PA 19103

  • Price: $1,950,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 42 min ago
  • ID#: PAPH2175994
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1920
Built
Neighborhood:
Rittenhouse Square
County:
Philadelphia
Area:
19103 (19103)
School District:
The School District Of Philadelphia
Property Description
32 S. 18th Street is a fully renovated 3-story, commercial mixed-use property is situated on the corner of S. 18th and Ranstead streets. This building has two (2) units and a garage. The commercial unit is occupied by +G+HUDA+G- one of Center City+GGs favorite fast-casual, sandwich shops. HUDA is currently in their third year of an initial 10-year lease (NNN) with two 5-year renewal options with 3% annual increases. The second unit is a bi-level, 3 bedroom / 2.5 bathroom townhome. The residential townhome has been fully renovated with high end finishes, new European style noise canceling windows, a private outdoor space and a one car parking garage. The townhome unit is currently vacant as current ownership has used the space themselves. It was previously rented for $4,000/mo, with garage parking included. Surrounded by high-rise apartments and condos, there is not another residential unit like this. The property has been very well maintained over the span of current ownership. This property is perfect for any buyer who is looking for a primary residence, any investor and especially short-term-rental investors. With its CMX-5 zoning, allowing for the use of Air BnB rentals (with proper licensing,) the income potential is substantial. There are very few opportunities to purchase a corner property between Chestnut and Market Streets.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Private Garage Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3204.00 Cooling Central A/C Exclusions Tenant's Personal Property Flooring WoodTile/BrickStoneMarble Heating Forced Air Heating YN Yes Net Square Feet 3204.00 Security Features Security System

Property Features

Accessibility Features None Assessment Year 2023 Business Type Other Central Air YN Yes Cooling Fuel Electric Cross Street Chestnut St Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 801989227740 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 14105.00 Tax Assessment Amount 1007700.00 Tax Lot 71 Vacation Rental YN No Water Source Public Year Built Effective 2013 Zoning Cmx5

Listing courtesy of Mallin Panchelli Nadel Realty 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: 2022-12-09T20:50:53.383.
 
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