$515,000
$560,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
2,480 SqFt
SOLD DATE : 09/29/2023
Key Details
Sold Price $515,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,480 sqft
Price per Sqft $207
MLS Listing ID PAPH2223346
Sold Date 09/29/23
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $1,867
Tax Year 2023
Lot Size 1,277 Sqft
Acres 0.03
Lot Dimensions 16.00 x 80.00
Property Description
Welcome to 1406 Point Breeze Ave, a rarely available mixed-use triplex in the heart of the neighborhood! Owner occupant business owners who qualify can purchase this property for FIVE PERCENT DOWN. This building is a brand new renovation featuring two large 2BD/1BA apartments, a clean commercial space ready for an owner occupant or tenant, and a 10-year TAX ABATEMENT on the full improvement value. The commercial space in this property qualifies for several grant and forgivable loan programs including the INSTORE Forgivable Loan Program (100% forgivable loan up to $100,000 for retail and food businesses), the CREAL Program ($10,000 grant + up to $250,000 loan for food/retail good and service businesses), the PBLN Matching Grant (up to $35,500 for members of a Historically Disadvantaged Community with <5 employees), and more. This block of Point Breeze Avenue is booming with has many other ongoing/recently completed projects including a recently completed 42 unit building right down the block. Don't forget to check out the matterport room-by-room virtual tour walkthroughs. Schedule your showing today! Seller is licensed PA real estate agent.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning CMX2
Interior
Hot Water None
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871549560
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with ERIC Andrew Dvotsky • BHHS Fox & Roach-Center City Walnut
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "