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Listed by Evan Walton • Addison Wolfe Real Estate
$699,900
Est. payment /mo
1,763 Sqft Lot
Active
6728-30 OLD YORK RD Philadelphia, PA 19126
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2474282
Year Built 1930
Annual Tax Amount $3,694
Tax Year 2025
Lot Size 1,763 Sqft
Acres 0.04
Lot Dimensions 41.00 x 43.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Fully leased Investment Opportunity. 6728-30 Old York Rd, this mixed use building has a ground-floor commercial space and (2) two-bedroom/1 bath apartments on the upper floors with washer and dryer. The Commercial space is currently leased to a successful restaurant tenant at $5,834 NNN through 2028 (with option to renew) and a 3% annual increase in rent. High traffic count and visibility. NNN lease on the commercial space. Real estate taxes are paid by tenant upon renewal following initial sixty-month term. Both apartments feature: (2) bedrooms, 1 full bathroom, stainless steel kitchen appliances & washer/dryer in units. Second floor has an outdoor space. 3rd floor is leased at $1,550/month through 11/30/2025 & 2nd floor is $1,450 a month. Each unit is separately metered & tenants pay all utilities. The building is located in a Qualified Opportunity Zone (QOZ), possible tax benefits for investors to defer or eliminate federal taxes on capital gains. Great location and fully occupied
Location
State PA
County Philadelphia
Area 19126 (19126)
Zoning CMX2
Interior
Hot Water Natural Gas, Electric
Cooling Ductless/Mini-Split
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871257950
Ownership Fee Simple
Acceptable Financing Conventional, FHA, Cash
Listing Terms Conventional, FHA, Cash
Financing Conventional,FHA,Cash
Special Listing Condition Standard
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