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Part of package, additional property nearby available - Commercial 763-65 S. 8th St. (Lazeez Indian Restuarant) with apartments. Two multi units in South Philadelphia, 1327 Snyder Ave. and 1425 Jackson St. Total package can be acquired. 736-38 S 8th St is a 6-plex (6 units), on the corner of 8th & Fitzwater Sts., with ground floor commercial space. The property is located near popular neighborhood attractions; John's Water Ice, Cianfrani Park and the 9th St. Market. 736-38 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 2 entrances. One for the restaurant, one for the apts. both on the Fitzwater St. side. As-is. Tenant occupied. 48hr notice.
Property Type(s):
Commercial
| Last Updated | 11/8/2024 | Tract | ITALIAN MARKET |
|---|---|---|---|
| Year Built | 1900 | Community | 19147 (19147) |
| County | PHILADELPHIA |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19147 (19147) |
| HEAT | Central, Natural Gas |
| LOT DESCRIPTION | Corner Lot |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | ITALIAN MARKET |
| TAXES | 24282 |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Park/Greenbelt |
| WATER | Public |
Location
Listing provided by Mercury Real Estate Group
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Data last updated: 1/10/25 7:24 AM PST
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