5501 LANSDOWNE AVE Philadelphia, PA 19131
4,191 SqFt
UPDATED:
09/24/2024 02:02 AM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 4,191 sqft
Price per Sqft $64
Subdivision West Philadelphia
MLS Listing ID PAPH2358884
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $2,932
Tax Year 2022
Lot Size 2,086 Sqft
Acres 0.05
Lot Dimensions 20.00 x 101.00
Property Description
On the ground floor, a well-established barbershop thrives. With its dedicated waiting area, barber parlor, and storage space, it's a cornerstone of the community. However, with its CMX2 Zoning, there are many possibilities for using the space. Check out the City of Philadelphia Zoning Quick Guide pages 26-27 for more details. In the back, a one-bedroom apartment currently has a month-to-month lease. Head upstairs and discover a vacant gem – a wide-open space on the second-floor front. This flexible area could be a two- or three-bedroom unit with its own kitchenette and full bathroom. In the rear, another one-bedroom unit offers steady income with a month-to-month lease. Third floor is currently an unfinished shell, this vast space is a dream waiting to happen. Imagine transforming it into a luxurious multi-bedroom apartment. Separate utilities for each unit keep things simple, and the extra-large basement with outside access hints at even more possibilities (verification recommended). Sure, the property needs some TLC, but that's the beauty of it. This is your chance to roll up your sleeves, unleash your creativity, and unlock the true potential of this West Philadelphia gem. With current rents below market value, there's room to grow your income. Plus, the convenient location near transportation, schools, and shopping ensures your tenants will love calling this place home. Are you a visionary investor or a savvy entrepreneur? If you're ready to turn potential into profit, schedule your showing today (with at least 24 hours' notice). This West Philadelphia property awaits your transformation. Buyer must confirm use. Don't miss out – all offers will be presented. Preferable sold subject to existing leases.
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air, Hot Water, Radiator
Cooling None
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871053100
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
