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Listed by Josh Pagan • Keller Williams Main Line
$ 2,250,000
Est. payment | /mo
2,060 Sqft Lot
$ 2,250,000
Est. payment | /mo
2,060 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2668228
Year Built 2016
Tax Year 2026
Lot Size 2,060 Sqft
Acres 0.05
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
1110-12 South Street presents a rare opportunity to acquire a 2016-built, fully occupied mixed-use investment property along one of Philadelphia's most recognizable commercial corridors. The four-story building consists of seven residential apartments and one ground-floor commercial space, offering an attractive combination of stabilized income, modern construction, and future upside.
The residential mix includes six one-bedroom apartments and one three-bedroom apartment, with modern finishes, hardwood flooring, large windows, and individually conditioned units and water heaters. The property is sprinklered and was purpose-built in 2016, providing an ownership profile that stands apart from the older multifamily and mixed-use inventory commonly found throughout the surrounding neighborhood.
The property is currently 100% occupied, allowing a new owner to benefit from established cash flow immediately upon acquisition. Residential rents are generally well positioned within the current market, while the commercial lease runs through March 31, 2027, creating a near-term opportunity for the next owner to capture additional value from the South Street storefront.
With its newer construction, strong occupancy, diversified residential and commercial income, and prominent South Street location, 1110-12 South Street is ideally suited for a 1031 exchange buyer, private investor, or portfolio owner seeking a stabilized and relatively easy-to-manage Philadelphia investment property with long-term upside.
Reach out for marketing materials.
The residential mix includes six one-bedroom apartments and one three-bedroom apartment, with modern finishes, hardwood flooring, large windows, and individually conditioned units and water heaters. The property is sprinklered and was purpose-built in 2016, providing an ownership profile that stands apart from the older multifamily and mixed-use inventory commonly found throughout the surrounding neighborhood.
The property is currently 100% occupied, allowing a new owner to benefit from established cash flow immediately upon acquisition. Residential rents are generally well positioned within the current market, while the commercial lease runs through March 31, 2027, creating a near-term opportunity for the next owner to capture additional value from the South Street storefront.
With its newer construction, strong occupancy, diversified residential and commercial income, and prominent South Street location, 1110-12 South Street is ideally suited for a 1031 exchange buyer, private investor, or portfolio owner seeking a stabilized and relatively easy-to-manage Philadelphia investment property with long-term upside.
Reach out for marketing materials.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
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 881515610
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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