$650,000
( $46.43Per Sq Foot )
 $3,489 est/mo Sourced by Back At You

1016-18 Race St , Philadelphia, PA 19107

Philadelphia, PA 19107

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Description

REDUCED PRCE for QUICK SALE! Don't miss your opportunity for a unique Investment Opportunity in the Heart of Chinatown! Liquor License Available! Seize the opportunity to own a thriving business with a long-term lease, strategically located in the vibrant heart of Chinatown. This prime property boasts: National Long-Term Tenants:Secure your investment with existing leases held by reputable national long-term tenants. This stability not only ensures a consistent income stream but also lays a solid foundation for the future success of your venture. Profitable at 40% Occupancy:Witness unparalleled financial efficiency! The current rent roll covers the majority of expenses even at a mere 40% occupancy. Imagine the potential for increased profitability with strategic leasing and management. Versatile Spaces:This property offers versatile spaces, providing the canvas for your entrepreneurial vision. Whether you bring in new concepts or tenants, the possibilities are limitless. Customize and curate a dynamic mix that resonates with the energy of Chinatown. Long-Term Lease in Place:Benefit from the security of a long-term lease, providing stability and peace of mind for your investment. Your business can thrive and evolve over the years, establishing itself as a cornerstone of the community. Chinatown's Pulse at Your Doorstep:Immerse yourself in the vibrant culture and energy of Chinatown. With this central location, your business becomes an integral part of the local scene, attracting a diverse and engaged audience. Global Appeal, Local Charm:Embrace the global allure of Chinatown while maintaining the charm of a local business. This unique combination positions your investment as a magnet for both locals and visitors seeking an authentic experience. Your Vision, Your Success:Unleash your creativity and business acumen - this is your chance to shape the future of a prime property in the heart of Chinatown. Take the reins, bring in fresh concepts, and watch your investment flourish. Don't miss out on this unparalleled business opportunity. Contact us now to explore the endless potential that awaits you in Chinatown!

Details

MLS#PAPH2317142
Listing TypeFor Sale
Building NameCtown Management LLC
Sub-TypeResale
StatusActive
Year1890
Days On Site178
Listing Provided ByOCF Realty LLC - Philadelphia | Jung Ahn

Features

SQ Feet14,000
ZoningCMX4
Acreage0.17

Market Activity 19107

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Listings Checked: 46 seconds ago
StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19107
Area19107
School DistrictPhiladelphia City
Listing VS Median (in 19107)
Price:
$650,000
low | high
Med:
$2,733
100% of Average
SqFt:
14,000
low | high
Med:
512
100% of Average
$ / SqFt:
$46
low | high
Med:
$5
100% of Average
On Site:
178
low | high
Med:
35.500000
100% of Average
Sourced by Back At You
Listing Updated: July 24, 2024 at 3:17:18 PM PDT