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1702 Cecil B Moore Ave

5,400 SF 100% Leased Retail Building Philadelphia, PA 19121 $649,900 ($120/SF)

EXECUTIVE SUMMARY

Welcome to an exceptional investment opportunity in close proximity to Temple University campus! This four-story Vacant commercial/multi-family property presents an ideal prospect for investors, particularly those interested in student housing. Situated on an 18 x 80 lot, this property boasts a versatile layout designed to maximize its earning potential. The first floor features a spacious commercial space with flexible usage options, making it suitable for offices, retail stores, non-profit organizations, and more. This prime location ensures high visibility and foot traffic, enhancing the appeal for various business ventures. Above the commercial space are three units, each comprising five bedrooms and three full bathrooms. With ample living space and modern amenities, these units are perfectly tailored to meet the housing needs of Temple University students. Whether utilized as long-term rentals or short-term accommodations, these units offer lucrative income potential. Furthermore, the property benefits from a remaining tax abatement, providing valuable savings for the discerning investor. This advantageous financial incentive adds to the appeal of this investment opportunity, allowing for increased profitability over time. Don't miss out on the chance to capitalize on this prime investment near Temple University. Whether you're a seasoned investor or new to the market, seize this opportunity to secure a profitable asset in one of Philadelphia's most sought-after locations. Schedule a viewing today and take the first step towards realizing your investment goals!

PROPERTY FACTS

Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,400 SF
Building Class
C
Year Built/Renovated
1915/2017
Price
$649,900
Price Per SF
$120
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.00
Lot Size
0.04 AC
Zoning
CMX25 - Mixed Commercial
Frontage
25 FT on Cecil B. Moore Avenue

AMENITIES

  • Air Conditioning
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Cosi
PNC Bank
Philly Pretzel Factory
Saxbys Coffee
Chase Bank
Five Guys
Saladworks
Starbucks
Citizens Bank
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
871403235
Land Assessment
$115,860
Improvements Assessment
$463,440
Total Assessment
$579,300
  • Listing ID: 31565896

  • Date on Market: 4/20/2024

  • Last Updated:

  • Address: 1702 Cecil B Moore Ave, Philadelphia, PA 19121

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