1025 N 66th St - Office FOR SALE


Philadelphia, PA 19151- Overbrook
$285,000 USD
267-258-0733
1025 N 66th St, Philadelphia, PA for Sale
$285,000 USD
Office - FOR SALE
1/14
null | 8.42% Cap Rate

1025 N 66th St
Philadelphia, PA 19151
Overbrook


HIGHLIGHTS

  • Commercial storefront plus a two bedroom apartment creates the opportunity for multiple revenue streams.
  • Flexible neighborhood commercial mixed-use zoning supports a broad range of potential business and residential uses.
  • Prominent corner positioning at 66th Street and Malvern Avenue provides excellent exposure for an owner operated business.
  • Full length basement with separate exterior access plus architectural plans gives investors additional options for renovations.

OVERVIEW

Welcome to 1025 N. 66th Street, Philadelphia, PA 19151, a highly visible corner mixed use property offering the combination investors and entrepreneurs look for: commercial space, residential income potential, valuable outdoor space, a full height basement, and architectural plans included with the sale. Join us for an Open House on Saturday, August 29th, and Saturday, September 5th, from 10:00 AM to 1:00 PM and experience firsthand the possibilities this unique property has to offer. Located in the Overbrook area of West Philadelphia, this well-maintained property gives the next owner the flexibility to operate a business, generate rental income, or create a combination of both. The first-floor commercial storefront, most recently operated as a successful hair salon, offers excellent street presence and is ready for its next business concept. Subject to applicable zoning, licensing, and municipal approvals, potential uses may include: • Hair Salon or Beauty Studio • Barbershop • Professional Office • Medical or Wellness Office • Daycare or Childcare Center • Boutique Retail Store • Tax or Financial Services Office • Insurance or Real Estate Office • Consulting Firm • Creative Studio • Neighborhood Café • Specialty Retail • Personal Care Services • Other Permitted Commercial Uses The second floor features a spacious two-bedroom apartment, creating an immediate opportunity for additional income. Lease the apartment to help offset ownership expenses or occupy it yourself while operating your business downstairs. For an investor, the residential and commercial components provide the potential for multiple income streams from one property. The generous corner lot also includes a large side yard, adding another dimension to the property. Depending on the intended use and required approvals, the space could become an attractive outdoor seating area, landscaped green space, customer gathering area, children's play area, or simply an impressive extension of the property's curb appeal. Downstairs, the full height basement with high ceilings and a separate point of egress provides valuable additional functionality. It could support the commercial operation with storage, inventory, equipment, workspace, records, or other complementary business uses, subject to applicable requirements. Adding even more value, the seller is including professionally prepared architectural plans with the sale. For a buyer considering renovation, modernization, expansion, or reconfiguration, having plans already prepared provides a significant head start and could save valuable time and initial design expense. Own the building. Operate your business. Generate rental income. Utilize the basement. Transform the outdoor space. Build additional value. Whether you are an entrepreneur ready to stop paying rent to someone else, an investor looking for multiple potential income streams, or an owner occupant seeking a property that can work as hard as you do, 1025 N. 66th Street offers a rare combination of visibility, flexibility, income potential, and long term opportunity.

FOR SALE DETAILS

PRICE

$285,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

8.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CMX2

APN/PARCEL ID

871546870

ASK ABOUT THIS PROPERTY

Russell DinkinsLiberty Bell Real Estate Agents, LLCMore Info
267-258-0733

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Russell DinkinsLiberty Bell Real Estate Agents, LLCMore Info
267-258-0733

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.