274 S 20th St - Storefront Retail/Residential FOR SALE


Philadelphia, PA 19103- Fitler Square
$1,699,000 USD
267-713-9616
274 S 20th St, Philadelphia, PA for Sale
$1,699,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | Request Cap Rate

274 S 20th St
Philadelphia, PA 19103
Fitler Square


OVERVIEW

Located on the southeast corner of 20th and Spruce Street, one block from Rittenhouse Square Park, 274 S 20th Street is a well maintained three story mixed use building in the heart of Center City’s most prestigious neighborhood. The first and second floors together with the lower level are occupied by the established Heng Feng Restaurant under a secure long term lease. The tenant is responsible for nearly all operating expenses, providing stable and essentially passive commercial income. The third floor consists of a three bedroom one bath apartment featuring hardwood floors and central air. Currently occupied by the owner’s family, the unit will be delivered vacant at settlement and can immediately achieve market rent conservatively estimated at $2,500 per month. Zoned CMX5 with excellent visibility and surrounded by Philadelphia’s premier retail, dining, and corporate addresses, the property sits within easy walking distance of the city’s core business district, 30th Street Station, Suburban Station, the Schuylkill River Park and trail system, and the region’s top hospitals and universities. Residents and tenants enjoy immediate proximity to Philadelphia’s finest restaurants including Parc, Rouge, Barclay Prime, and Vernick, all within a few blocks. This property offers an outstanding opportunity to acquire a cash flowing asset in one of the city’s most sought after locations.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$607 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1800

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Spruce St

LAND ACRES

0.02 AC

LAND SF

1,037 SF

ZONING

CMX2

APN/PARCEL ID

882011960

ASK ABOUT THIS PROPERTY

Michael PhillipsCompass CommercialMore Info
267-713-9616

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Michael PhillipsCompass CommercialMore Info
267-713-9616

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