$380,000
$400,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
3,485 SqFt
SOLD DATE : 05/23/2024
Key Details
Sold Price $380,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 3,485 sqft
Price per Sqft $109
MLS Listing ID PAPH2315608
Sold Date 05/23/24
Originating Board BRIGHT
Year Built 2013
Annual Tax Amount $5,319
Tax Year 2023
Lot Dimensions 16.00 x 60.00
Property Description
2149 Catharine St Unit 1 is a commercial condo space for sale. It is currently occupied by Ultimo Coffee (5 year tenant with 5 more years on the lease). Currently rented for $2350 a month with $600 increases in January annually. Monthly condo fee $177. Building is 12 years old, fully sprinklered. Tenant pays half of the real estate taxes and building insurance. Basement has a high ceiling and has been used for storage. This is a 9% return cap rate at asking price. The real estate taxes are estimated since the property is not sold with the new tax id number. Upper roof was coated with 2 year warranty.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning CMX-2
Interior
Hot Water 60+ Gallon Tank
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 88 2 0001 42
Ownership Condominium
Special Listing Condition Standard
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Bought with Monique P Simpson • Realty One Group Restore - BlueBell
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "