744 Sqft Lot
744 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Olde Kensington
MLS Listing ID PAPH2590160
Year Built 2024
Annual Tax Amount $60
Tax Year 2025
Lot Size 744 Sqft
Acres 0.02
Lot Dimensions 12.00 x 62.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Discover a standout mixed-use opportunity in one of West Kensington's most dynamic and fast-developing area. This newly constructed, three-unit property is perfectly positioned on a prominent corner, giving the commercial space exceptional exposure. The commercial unit is secured with a solid 5-year lease (4 years remaining), providing immediate and predictable income.
Two stylish residential units sit above, each a spacious 1 bedroom, 1 bath layout with soaring 10+ ft ceilings that create an airy, loft-like feel. Both apartments offer private rear entrances and are occupied by reliable tenants, though leases may be terminated if owner-occupancy is preferred.
With modern finishes, strong tenancy, and a location that continues to attract interest, this property delivers both stability and upside for investors looking to tap into West Kensington's vibrant growth. 10 year tax abatement in place.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C, Ductless/Mini-Split
Heat Source Central
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 183218400
Ownership Fee Simple
Acceptable Financing Conventional, Cash, FHA
Listing Terms Conventional, Cash, FHA
Financing Conventional,Cash,FHA
Special Listing Condition Standard
Nearby Locations
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