Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1930
Sq.Footage
660
Renovated Commercial Space for Sale – Versatile & Prime Location Near East Kensington Looking for a prime commercial property for sale? This recently renovated commercial space is currently used as a successful barber shop, but with its adaptable layout, it offers endless possibilities. Whether you’re looking to open an office space, daycare, spa, smoke shop, clothing store, or any other type of retail space, this property can easily be transformed to suit your needs. Key Features: Two floors with separate electrical meters – Ideal for businesses looking to operate on multiple levels or possible 1 level business and second level living. Ample street parking – Convenient for customers and staff. Flexible layout – Each floor can accommodate multiple stations or different business uses. Freshly renovated – Both floors are well-maintained, move-in ready, and perfect for immediate use. Prime location – Just minutes from public transportation, local shops, and the exciting transformation of East Kensington. For over 10 years, AJ Blades has been a popular barber shop in the community, making this property a strong investment opportunity. Whether you're an investor looking for long-term growth or an entrepreneur ready to start your next venture, this property offers the perfect foundation. Don’t miss out on this commercial real estate investment in a thriving area! Schedule your showing today and seize this opportunity before it's gone!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
660.0
-
Cooling YN
YES
-
Cooling
Ductless, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other
Price
-
Sales Price
$150,000
-
Tax Amount
1184.0
-
Sq. Footage
660
-
Price/SqFt
$227
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Yashira Zayas , Giraldo Real Estate Group
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Broker | Owner
ChristyIssler
Call Christy today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Related Properties
PHILADELPHIA
524 W TABOR ROAD
3 Beds
None Baths
1,510 Sq.Ft.
$165,000
MLS#: PAPH2480892
PHILADELPHIA
1824 E MADISON STREET
2 Beds
None Baths
1,248 Sq.Ft.
$139,000
MLS#: PAPH2263518
PHILADELPHIA
3557 JASPER STREET
None Beds
None Baths
910 Sq.Ft.
$134,900
MLS#: PAPH2424000
![It is my distinguished honor to present to you Kensington Duplex, located in the Heart of Kensington, close to Fishtown, Norris Square, Olde Kensington, and other subsections of the Riverwards along the Delaware River. Situated at the intersecting sections between Kensington Ave, Lehigh Ave, & E. Allegheny Ave, this 2 unit building nestled in between public transportation infrastructure, medical institutions, new construction, and commercial mixed use corridors with a multitude of amenities. The pro-forma and other financial analysis are available for review. The lease agreements are month-to-month and we project rental income could be increased.
Unit 1 [1st Floor]: 1 Bed/1 Baths: $700/month
Unit 2 [2nd Floor]: 2 Bed/1 Bath: $900/month
CAPITALIZATION RATE: Kensington Duplex has a capitalization rate of 7.30% with current rental income of $1,500 per month. The cap rate could increase to 10.02% if rental income was increased by $100/month to $1,700/month with minor increases on each rental unit. Cap rates could increase to 11.62% if you reduce the monthly gas operating expense by installing electric baseboards or allocate utility costs to the tenants.
PACKAGE DEAL: This property is to be SOLD separately or together in a package deal with the 2 properties:
(1) 531 E. Indiana Ave, 5 Unit Building listed for $335,000.
(2) 3154 Reach St., 2 Unit Building listed for $119,000.
The portfolio includes 9 units in 3 buildings FOR SALE.
DEVELOPMENT: There are major development projects occurring nearby, including commercial mixed use corridor revitalization of Kensington Ave, which has commercial storefronts underneath the Blue Train line. There are also block developments of major projects that range from 15 unit development to 200 unit development nearby. Investors also acquire shells, factories, storage facilities, warehouses, and other industrial hubs that have laid vacant since the Industrial Revolution of Philadelphia and transform these buildings into multi-unit dwellings and apartment complexes. The combination of public transportation infrastructure meets commercial mixed use corridors allow for tenants to access amenities that makes this multi-unit building a highly desirable and easy to rent building. Projects such as the Hagert Block development, Kensington Courts, Allegheny Ave. commercial development, and other major projects will lead the way to a new Kensington.
QUALIFIED OPPORTUNITY ZONE: This property is located within a Qualified Opportunity Zone, allowing investor capital gains tax advantages, which will exacerbate development and investments in these areas.
Additional features include:
- Easy Parking
- Close to trolley, bus stops, the thoroughfares, L Blue Train
- Multicultural cuisine & food establishment
- Close proximity to Fishtown, Norris Square, Olde Kensington, Port Richmond, and other subsections of the Riverwards.
Invest in the City of Brotherly Love & Sisterly Affection, from monstrous skyscrapers, to the stadiums, to the Delaware River, & surrounding landscape of the great City of Philadelphia. The property is close to trolley and bus stops, and less than 10 minutes from the Philadelphia International Airport. and close to multi-modal public transportation, 1-95 highway, and highways to New Jersey and other parts of the Tri-State Counties. We thank you for your consideration and we look forward to doing business with you. We will ensure a professional and respectful transaction for all parties and we wish you luck in the search for your new home in the City of Brotherly Love & Sisterly Affection.](https://photos.prod.cirrussystem.net/1774/47845c0e08403a2f8861981fb3fde5e4/1942372501.jpeg?d=880)
PHILADELPHIA
626 E ALLEGHENY AVENUE
3 Beds
None Baths
1,173 Sq.Ft.
$168,888
MLS#: PAPH2464358
PHILADELPHIA
1905 S ITHAN STREET
2 Beds
None Baths
1,162 Sq.Ft.
$138,000
MLS#: PAPH2459642
PHILADELPHIA
849 S CECIL STREET
3 Beds
None Baths
1,240 Sq.Ft.
$149,000
MLS#: PAPH2459138
PHILADELPHIA
1316 W JEROME STREET
4 Beds
None Baths
1,624 Sq.Ft.
$160,000
MLS#: PAPH2454216
PHILADELPHIA
1329 W RUSH STREET
2 Beds
None Baths
1,280 Sq.Ft.
$175,000
MLS#: PAPH2428254
PHILADELPHIA
4326 ELIZABETH STREET
3 Beds
None Baths
2,462 Sq.Ft.
$125,000
MLS#: PAPH2355966
