641 N 56th Street

PHILADELPHIA, PA 19131

  • 0 Bed(s)
  • 0 Bath(s)
  • 1,824 Sqft
  • 1253
    Sqft(Lot)
$275,000

Description

High-yield investment opportunity – 13.24% cap rate in a federal opportunity zone. this prime corner mixed-use property delivers strong cash flow and is situated within a designated federal opportunity zone, offering significant tax incentives for the savvy investor. currently designed as a fully equipped neighborhood grocery store, the retail space includes shelving, refrigeration units, and a deli counter—all included in the sale. above the store is a spacious two-bedroom, one-bath residential unit featuring a living room, a kitchen with a combined dining area, and a private deck. additionally, the property includes a roughed-in studio space at the rear of the first floor—perfect for expanding residential income, additional storage for the corner store or reimagining as a home office, flex space or airbnb. the commercial space also has direct basement access for storage, via the interior or the bilco door entrance from the street.this is a versatile, income-producing asset with excellent value-add potential in a high-demand location—ideal for both seasoned investors and new entrants seeking long-term growth with built-in tax advantages. needs tlc but the value is there for a savvy investor. easy to see with no tenants.

  • Property Type

    Multi-Family

  • Subdivision

    Carroll Park

  • County

    PHILADELPHIA

  • Style

    Straight Thru

  • AD ID

    49702734

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Roof : Flat

    Roofing Information

    • Flat

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Baseboard - Hot Water
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1925
    • Structure: End of Row/Townhouse
    • New Construction: No
    • Total Units: 2
    • Built: 1925
    • Construction Material: Masonry
    • Roof: Flat
    • Foundation/Basement: Brick/Mortar
    • Architecture: Straight Thru
    • Pool/Private: No Pool
    • Roof Type: Flat

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 1,253
    • Dimensions: 16.00 x 78.00
    • Lot Size (Acres): 0.03
    • Architectural Style: Straight Thru
    • Main Square Feet: 1,253

    Property Information

    • SQ ft: 1,824
    • SQ ft (Living Area): 1,824
    • Total Lot SQ ft: 1,253
    • Subdivision: CARROLL PARK
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 16.00 x 78.00
    • Total Acreage: 0.03
    • New Construction: No
    • Type: Straight Thru

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $1,272
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $90,900

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional
    • Roof: Flat

    Homeowners Association Information

    • Direction: Please use GPS

  • School Information

    • High School: OVERBROOK
    • School District: PHILADELPHIA CITY

    Utility Information

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

    Location Information

    • Direction: Please use GPS
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BuyOwner last updated this listing 06/05/2025 @ 15:39

  • MLS: PAPH2482052
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 1,824 sqft, 1,253 sized lot, and 0 parking. are nearby neighborhoods.