FOR SALE (optional owner financing) Prime Mixed-Use Property in South Philly – Commercial & Residential Space with Optional Liquor License. Take advantage of this rare opportunity to own a MIXED -USE PROPERTY in the heart of South Philadelphia! Perfect for investors, business owners, or those seeking a live-work setup. Key Features: Prime Location: Located near the sports complex, casinos, shops, and public transportation, this property is in a high-traffic area with great visibility. Commercial Space: Currently a stylish and popular neighborhood tavern with indoor and outdoor seating space. Perfect for a variety of business types – bar, café,, lounge, social club and more. Liquor license optional. Residential Space: Includes two spacious 1-bedroom apartments with private entrances next to the commercial space, offering immediate rental income or a convenient on-site residence. Flexibility & Income Potential: The upstairs bonus room can be used for private events or converted into another apartment, adding even more value to the property. Great Investment Opportunity: Whether you're looking to open a business, generate rental income, or both, this property offers flexibility and excellent potential in a prime urban location. OWNER ALSO WILLING TO LEASE! Schedule a tour today and see the potential for yourself!
Property Details
Property Features
Property Information:
Architectural Style: Straight Thru
Year Built: 1925
Living Area: 2,430 SqFt
Listing Office:
Office Name: Real of Pennsylvania
Office Phone: (215) 367-5238
Listing Agent: Justin Heath
Interior Features
Interior Information:
Flooring Type: Ceramic Tile, Engineered Wood, Luxury Vinyl Plank, Other
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
South Philadelphia High School, Public District Grades 9-12
D. Newlin Fell School, Public District Grades KG-8
Other
Directions Information:
Directions: GPS
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $749,000
Price Per SqFt: $308/SqFt
Tax Information:
Annual Amount: $2,648
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $488.6K more than the Median Sold Price and $110/SqFt more than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2354396
Listing Office:
Office Name: Real of Pennsylvania
Office Phone: (215) 367-5238
Listing Agent: Justin Heath
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,806
Per Month
Principal & Interest
$3,739
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,312
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
D. Newlin Fell School
900 W Oregon Ave
Distance between this listing and this school0.13 miles
Public District Grades KG-8
High School
3
/10
South Philadelphia High School
2101 S Broad St
Distance between this listing and this school0.53 miles
Public District Grades 9-12
Assigned Schools
6
/10
D. Newlin Fell School
900 W Oregon Ave
Distance between this listing and this school0.13 miles
Public District Grades KG-8
Nearby Schools
7
/10
Abram Stockton Jenks School
2501 S 13th St
Distance between this listing and this school0.27 miles
Public District Grades KG-4
6
/10
Philadelphia Performing Arts Charter School
2600 S Broad St
Distance between this listing and this school0.35 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
Universal Institute Charter School at Vare, EH
2100 S 24th St
Distance between this listing and this school1.33 miles
Public Charter Grades 5-8
6
/10
Christopher Columbus Charter School
South Building
Distance between this listing and this school1.58 miles
Public Charter Grades KG-8
6
/10
Universal Institute Charter School
800 S 15th St
Distance between this listing and this school1.71 miles
Public Charter Grades KG-9
Assigned Schools
3
/10
South Philadelphia High School
2101 S Broad St
Distance between this listing and this school0.53 miles
Public District Grades 9-12
Nearby Schools
5
/10
Mastery Charter School - Thomas Campus
927 Johnston St
Distance between this listing and this school0.13 miles
Public Charter Grades KG-12
4
/10
Furness High School
1900 S 3rd St
Distance between this listing and this school0.91 miles
The neighbors living near this home have an average income of $48,043. Residents of Philadelphia, PA typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
This home is located at 2652 S Alder St in Philadelphia, PA and zip code 19148 in the South Philadelphia neighborhood. This 2,430 square foot home, which was built in 1925, sits on a 0.03 acre lot. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $749,000.
While more than 210 listings in Philadelphia, PA in September 2024 were sold above asking price, there were more than 203 listings sold at asking price, and more than 494 were sold below. Between August 2024 and September 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 7.8%. The median list price of listings available in September 2024 was $260,372, while the average time on the real estate market was 46 days.
From Rocket Homes Real Estate and based on county public records data.