2323-2325 Mifflin St | Philadelphia, PA 19145
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2323-2325 Mifflin St
Philadelphia, PA 19145
Retail Property For Sale
Investment Highlights
- Commercial - Mixed Use
- Public Sewer, Public Water
- Renovated 2023
Executive Summary
Here is the perfect opportunity to add to your investment portfolio in booming Point Breeze. This 2632 sq.ft corner property offers the remainder of a 10 Year Tax Abatement so no need to worry about the reassessments. The entire building is completely renovated and boasts modern finishes throughout. The building is comprised of a commercial first level and two stunning units on the second floor. The commercial space is open concept, has a backyard patio and includes the basement for additional storage needs. Both upper units are 1 bedroom 1 bath and both are currently rented for $1099 and commercial property is rented at $2000 - total is $4198/month - $50,376 annually.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,632 SF
Building Class
C
Year Built/Renovated
1920/2023
Price
$479,000
Price Per SF
$182
Cap Rate
9.76%
NOI
$46,738
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.63
Lot Size
0.04 AC
Zoning
CMX2 - primarily intended to accommodate neighborhood-serving retail and service uses.
Frontage
40 FT on Mifflin
Amenities
- Bus Line
- Corner Lot
PROPERTY TAXES
| Parcel Number | 871000174 | Improvements Assessment | $239,200 |
| Land Assessment | $59,800 | Total Assessment | $299,000 |
PROPERTY TAXES
Parcel Number
871000174
Land Assessment
$59,800
Improvements Assessment
$239,200
Total Assessment
$299,000
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