Active
1016-18 Race St
Philadelphia PA, 19107
$585,000
$41.79 per sqft
Active
14,000 sqft
Commercial
Built in 1890
REDUCED PRCE for QUICK SALE! Don't miss your opportunity for a unique Investment Opportunity in the Heart of Chinatown! Liquor License Available!
Seize the opportunity to own a thriving business with a long-term lease, strategically located in the vibrant heart of Chinatown. This prime property boasts:
National Long-Term Tenants:
Secure your investment with existing leases held by reputable national long-term tenants. This stability not only ensures a consistent income stream but also lays a solid foundation for the future success of your venture.
Profitable at 40% Occupancy:
Witness unparalleled financial efficiency! The current rent roll covers the majority of expenses even at a mere 40% occupancy. Imagine the potential for increased profitability with strategic leasing and management.
Versatile Spaces:
This property offers versatile spaces, providing the canvas for your entrepreneurial vision. Whether you bring in new concepts or tenants, the possibilities are limitless. Customize and curate a dynamic mix that resonates with the energy of Chinatown.
Long-Term Lease in Place:
Benefit from the security of a long-term lease, providing stability and peace of mind for your investment. Your business can thrive and evolve over the years, establishing itself as a cornerstone of the community.
Chinatown's Pulse at Your Doorstep:
Immerse yourself in the vibrant culture and energy of Chinatown. With this central location, your business becomes an integral part of the local scene, attracting a diverse and engaged audience.
Global Appeal, Local Charm:
Embrace the global allure of Chinatown while maintaining the charm of a local business. This unique combination positions your investment as a magnet for both locals and visitors seeking an authentic experience.
Your Vision, Your Success:
Unleash your creativity and business acumen - this is your chance to shape the future of a prime property in the heart of Chinatown. Take the reins, bring in fresh concepts, and watch your investment flourish.
Don't miss out on this unparalleled business opportunity. Contact us now to explore the endless potential that awaits you in Chinatown!
PAPH2317142
MLSⓇ ID
February 1, 2024
Listed
November 22, 2024
Updated
Map
1016-18 Race St
Philadelphia PA, 19107
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central, Natural Gas
Exterior/Building Features
Lot Size
0.17 Acres
Sewer
Public Sewer
Other Property Details
Area Name
PHILADELPHIA
Taxes
$42,614
Tax Frequency
Annually
Days on Market
241
Garage
No
Parking
On Street
View
No
County
PHILADELPHIA
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
10/8/2024 | Price change | $585,000 -10% |
6/3/2024 | Price change | $650,000 -14% |
Listed by OCF Realty LLC - Philadelphia
Listing Contact: 6109109060
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Bright MLS, Inc. all rights reserved.
Data last updated on 11/22/2024 at 4:10 AM UTC
