1705 Passyunk Avenue,  Philadelphia PA, 19148

(Active)
$895,000
|
|
MLS# 6499035
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Last Updated: 10/20/2017 4:07 PM
Description for 1705 Passyunk Avenue Philadelphia, PA 19148
This is a sale/leaseback with the existing tenant remaining in place in the premises under a 2 yr. lease ending on December 31st two(2) years after the sale closing date with rent being $48,000.00 a year under a modified triple net lease. Said tenant occupies the basement, 1st and 2nd floors of the building. The 2nd floor usage is open to modification to provide access to the 3rd floor. The 3rd floor is presently unfinished space that could rehabbed into several apartments. The property is zoned CMX2 Commercial. The Tenant's space is in good condition with recent upgrades and good systems. The property is a double property located in the heart of the East Passyunk Ave. Business District. Public records indicate the building is 4,686 SF.
Price
$895,000
Passyunk Square
PHILADELPHIA
6499035
Active
Description
This is a sale/leaseback with the existing tenant remaining in place in the premises under a 2 yr. lease ending on December 31st two(2) years after the sale closing date with rent being $48,000.00 a year under a modified triple net lease. Said tenant occupies the basement, 1st and 2nd floors of the building. The 2nd floor usage is open to modification to provide access to the 3rd floor. The 3rd floor is presently unfinished space that could rehabbed into several apartments. The property is zoned CMX2 Commercial. The Tenant's space is in good condition with recent upgrades and good systems. The property is a double property located in the heart of the East Passyunk Ave. Business District. Public records indicate the building is 4,686 SF.
Listing Information
Property Type: General Commercial, Other
0.05 Acres 3O $190.99
1897
Passyunk Square
Stone
Electric
1 Total
Neighborhood
School Information
District: Philadelphia
Room Information
Interior Features
3
Exterior / Lot Features
Stucco, Brick
Flat
None
32X75
CMX2
Urban, Interior Lot, Public Transport, Municipal Road
Driving Directions
Subject property is located at the junction of East Passyunk Ave., 12th St. and Morris Sts. along the fabulous East Passyunk Avenue Business District.
Financial Considerations
$6,079
2017
Conventional,Lease Back
Pay Electric, Pay Heat, Pay Gas, Pay Water, Pay Sewer, Pay Hot Water, Pay Snow Removal, Pay Pest Con
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19148 has a population of 1,567,442.

The median household income in Philadelphia, Pennsylvania 19148 is $37,460. The median household income for the surrounding county is $37,460 compared to the national median of $53,482. The median age of people living in Philadelphia 19148 is 33.6 years.

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Courtesy: Michael Giangiordano - Century 21 Forrester Real Estate
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
Information is deemed reliable but is not guaranteed.

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