3847 Terrace Street

PHILADELPHIA, PA 19128

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,918 Sqft
  • 1569
    Sqft(Lot)
$579,900

Description

Located just blocks away from the vibrant retail and dining scene on main street and ridge avenue, this prime corner building offers a fantastic investment opportunity in one of philadelphia’s most sought-after neighborhoods. with a total of 2,918 square feet, this mixed-use property combines residential and retail space, making it an ideal choice for investors looking to capitalize on both long-term rental income and the potential for a thriving retail business. the first-floor retail space, previously a successful restaurant tavern, comes with a commercial kitchen space and hood system, walk-in cooler, bar layout and seating for 40-60 patrons. the property comes with the potential to acquire a liquor license, which will be sold separately from the property itself. this license allows for full-service alcohol service, including outdoor seating, offering tremendous flexibility for a bar or restaurant business. the cmx1 zoning permits additional uses including a deli/grocery store, daycare facility, boutique, financial services, pet store, or medical practice. above the retail space, there are two newly renovated 1-bedroom apartments on the 2nd and 3rd floors, each featuring modern updates including new flooring, stainless steel appliances, a washer and dryer in each unit and stylish new bathrooms. located in a high-demand, thriving neighborhood, this mixed-use property is an excellent investment with great potential for both rental income and business ventures.

  • Property Type

    Multi-Family

  • County

    PHILADELPHIA

  • Style

    Traditional

  • AD ID

    49361278

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Roof : Flat

    Roofing Information

    • Flat

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Hot Water
    • Cooling Fuel: Natural Gas
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1900
    • Structure: End of Row/Townhouse
    • New Construction: No
    • Total Units: 3
    • Built: 1900
    • Construction Material: Masonry
    • Roof: Flat
    • Foundation/Basement: Concrete Perimeter
    • Architecture: Traditional
    • Pool/Private: No Pool
    • Roof Type: Flat

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Septic

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 1,569
    • Dimensions: 19.00 x 83.00
    • Lot Size (Acres): 0.04
    • Architectural Style: Traditional
    • Main Square Feet: 1,569

    Property Information

    • SQ ft: 2,918
    • SQ ft (Living Area): 2,918
    • Total Lot SQ ft: 1,569
    • Financing: Cash,Conventional,FHA,VA
    • Appx. Lot Dimensions: 19.00 x 83.00
    • Total Acreage: 0.04
    • New Construction: No
    • Type: Traditional

  • Listing Information

    • Possession: 0-30 Days CD,31-60 Days CD,61-90 Days CD
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $5,039
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • 0-30 Days CD,31-60 Days CD,61-90 Days CD

    Assessment Information

    • Taxes Assessment Amount: $360,000

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional,FHA,VA
    • Roof: Flat

    Homeowners Association Information

    • Direction: Use 3847 Terrace Street, Philadelphia for GPS.

  • School Information

    • School District: PHILADELPHIA CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Septic
    • Cooling Fuel: Natural Gas
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: Use 3847 Terrace Street, Philadelphia for GPS.
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BuyOwner last updated this listing 04/25/2025 @ 18:45

  • MLS: PAPH2470658
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 2,918 sqft, 1,569 sized lot, and 0 parking. are nearby neighborhoods.