3,485 Sqft Lot
3,485 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Chinatown
MLS Listing ID PAPH2659706
Year Built 1965
Annual Tax Amount $25,896
Tax Year 2026
Lot Size 3,485 Sqft
Acres 0.08
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The restaurant occupies the basement commercial kitchen, first-floor main dining hall, and second-floor banquet facilities. Commercial rent is currently $10,000 per month plus NNN expenses. The 12 residential units generate approximately $19,700 per month based on the owner-provided rent schedule. Combined scheduled base rent is approximately $29,700 per month, or $356,400 annually, excluding additional NNN reimbursements.
The upper-floor apartments include a mix of one- and two-bedroom residences with kitchens, bathrooms, individual living spaces, and select city views. The commercial portion features extensive dining and banquet capacity, private dining areas, a commercial kitchen, walk-in refrigeration, prep areas, and service equipment.
Located near Chinatown's restaurants, businesses, cultural attractions, public transportation, and Center City amenities, this property offers a rare opportunity to acquire a sizable income-producing asset in a highly visible urban location.
Property, unit configuration, rental amounts, lease terms, expenses, and financial information should be independently verified by the buyer. Please do not approach or disturb tenants or restaurant operations.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX4
Interior
Hot Water Electric
Cooling None
Heat Source Electric
Exterior
Water Access N
Roof Type Flat
Accessibility Elevator
Garage N
Building
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 882003800
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private, Seller Financing, Other
Listing Terms Cash, Conventional, Private, Seller Financing, Other
Financing Cash,Conventional,Private,Seller Financing,Other
Special Listing Condition Standard
Nearby Locations
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