$579,900
( $198.73Per Sq Foot )
 $3,113 est/mo Sourced by Back At You

3847 Terrace St , PHILADELPHIA, PA 19128

PHILADELPHIA, PA 19128

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Description

Located just blocks away from the vibrant retail and dining scene on Main Street and Ridge Avenue, this prime corner building offers a fantastic investment opportunity in one of Philadelphia’s most sought-after neighborhoods. With a total of 2,918 square feet, this mixed-use property combines residential and retail space, making it an ideal choice for investors looking to capitalize on both long-term rental income and the potential for a thriving retail business. The first-floor retail space, previously a successful restaurant tavern, comes with a commercial kitchen space and hood system, walk-in cooler, bar layout and seating for 40-60 patrons. The property comes with the potential to acquire a liquor license, which will be sold separately from the property itself. This license allows for full-service alcohol service, including outdoor seating, offering tremendous flexibility for a bar or restaurant business. The CMX1 zoning permits additional uses including a deli/grocery store, daycare facility, boutique, financial services, pet store, or medical practice. Above the retail space, there are two newly renovated 1-bedroom apartments on the 2nd and 3rd floors, each featuring modern updates including new flooring, stainless steel appliances, a washer and dryer in each unit and stylish new bathrooms. Located in a high-demand, thriving neighborhood, this mixed-use property is an excellent investment with great potential for both rental income and business ventures.

Details

MLS#PAPH2464620
Listing TypeFor Sale
Sub-TypeResale
StatusACTIVE-BRIGHT
Year1900
Days On Site16
Listing Provided ByCompass Pennsylvania, LLC | Aimee Lucia Alexander

Features

ZoningCMX1
Acreage0.04
Water FrontYes

Market Activity 19128

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

© 2024 Bright MLS, All Rights Reserved

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Contact

Learn More About This Property

Mark Farrelly

Mark Alexander Joseph Farrelly

Anne Arundel Properties

609757 (443) 254-0195Contact Me Form Link
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19128
Area19128 (19128)
School DistrictPHILADELPHIA CITY
Listing VS Median (In 19128)
Price:
$579,900
low | high
Med:
$252,000
100% of Average
On site:
16
low | high
Med:
247.000000
6.477732793522% of Average
Sourced by Back At You
Listing Updated: April 15, 2025 at 1:11:43 PM PDT
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

© 2024 Bright MLS, All Rights Reserved
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