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Listing Courtesy of: Lorraine Pappalardo - Mercury Real Estate Group 215-462-5100

$2,999,999

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763 S 8TH Street Philadelphia, PA 19147 Municipality: Philadelphia

General Commercial Residence

Beds

Baths

6,000 Sq. Ft.

0.07 Acre Lot

Property Activity

Time on Site

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Last updated on 1/22/2025 3:12 AM

Listing Details

Part of package, additional property nearby available - Commercial 736-38 S. 8th St. (Adobe Cafe) with apartments. Two multi units in South Philadelphia, 1327 Snyder Ave. and 1425 Jackson St. Total package can be acquired. 763-65 S 8th St is an 8-plex (8 units) with ground floor commercial, 7 ap...ts. and a 3-car garage at the corner of 8th & Fulton of Philadelphia, Pennsylvania. The property is located near popular neighborhood attractions; John's Water Ice, Cianfrani Park and the Italian Market. 763-65 S. 8th is walkable to many of South Philly's top amenities, restaurants, cafes, schools and transit stops. This is a great opportunity to purchase a high-performing multifamily asset with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully built, leased and maintained this asset over its tenure. New Ownership can enact a value-add capital enhancement program to achieve top-of-market rental rates or continue operating as is. The Building is 100% leased and occupied. The are 3 entrances. One for the restaurant, one for 2 apts. at 765 S. 8th St. and one at the entrance on Fulton St. that houses 5 apts. Continue reading

MLS#

PAPH2415656

Property Type

General Commercial

Year Built

1911

Square Feet

6,000 sq. ft

Price per Sq. Ft.

$514.76

Lot Size

0.07