2501 S HOBSON ST, Philadelphia, PA 19142 - MLS#PAPH2274104

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Adam Ferst

[email protected] +1(202) 421-5500

$349,500

Est. payment - /mo

2,146 SqFt

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UPDATED:

11/18/2024 02:10 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 2,146 sqft

Price per Sqft $162

Subdivision Elmwood Park

MLS Listing ID PAPH2274104

Originating Board BRIGHT

Year Built 1935

Annual Tax Amount $1,681

Tax Year 2024

Lot Size 1,163 Sqft

Acres 0.03

Lot Dimensions 17.00 x 71.00

Property Description

RARE OPPORTUNITY to own this very unique & LARGE Mixed-Use CORNER Store Front with 1 very spacious Apartment Unit upstairs with a balcony in the heart of Southwest Philadelphia! This property is located DIRECTLY across the street from the LARGE & BRAND NEW Amazon Distribution Center!!! This Deli has been operated by the Owner for over 41 years! Seller will transfer their “Eating Place (E) Liquor License” to the New Owner at the time of Settlement. Take advantage of this rare opportunity before it's gone! This Commercial Mixed-Use Property features a TOTAL of 2 bedrooms, 1 Full Bathroom & 3 Half Bathrooms! Commercial Store Front has a Half Bathroom at the rear of the store, & 2 more half bathrooms in the basement. Sellers are including ALL commercial equipment, refrigerators, freezers, shelves, tables, chairs, etc, but are EXCLUDING the store’s inventories (such as beers/liquors, deli meats, beverages, snacks, etc.). Entire store on 1st floor has very high ceilings & the property is very well-maintained throughout the years. There is a storage room at the rear of the property and a very large unfinished basement that holds all of the inventory, as well as the utility appliances (Hot Water Heater & Heating System). There are 2 Cellar doors at the side of the property that can easily transfer things into the basement for storage.
You can enter the upstairs Apartment Unit on a separate side entrance of the building on Elmwood Avenue. 2nd Floor Apartment is very spacious & consists of 2 good-sized Bedrooms, 1 Full Bathroom, Living Room, Dining Room & a Kitchen! It has nice NEW laminate floors T/O the 2 Bedrooms, Dining Room & Kitchen & new carpets in the Living Room, Hallway & Stairs! ALL Laminate Floors & Carpets have been newly installed in February 2023! Full Hallway Bathroom consists of a single vanity, toilet & tub! Kitchen has a gas stove/range and also a washer hook-up. Upon exiting the Kitchen, you’ll enter a good-size Balcony overlooking Elmwood Ave. & the Amazon Warehouse! Sellers had replaced ALL BRAND NEW Windows for the upstairs apartment in Feb. 2023!
Plenty of natural lights shining T/O entire Apartment to help you save on energy bills! You can gain access to the Unfinished Basement from inside the store, OR from either of the 2 metal sidewalk cellar doors at the side of the Store on Elmwood Ave.
Start off your new home, business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. Seller is discontinuing their Business Name after Settlement. Any potential Buyers who would like to continue to run this same type of business may do so at their own expense with a NEW Business Name of their choice. Sellers are willing to provide 2 weeks of training for how to run the business if potential Buyer chooses to do so.
IF renting out the Commercial space, Commercial rents can be projected to bring in over $2,000-$2,500/mo. in the area and the Apartment Unit can be projected to bring in $1,200-1,400/mo. for rent! Owner pays water ( $45/mo.), electric ( $400/mo.), gas ( $40/mo.), Trash ( $500/yr. for Commercial), & Business Telephone ( $135/mo.). Owner owns the Fire Alarm system. Live in 1 Unit & Rent out the other to help cover your mortgage & potentially earning some cash flows OR continue to run the same business & live right upstairs OR open up your own business! So your investment possibilities are endless w/ this very large CORNER Mixed-Use Property! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed). Septa bus / trolley stops & public transportation are easily accessible in the area! Close to supermarkets, stores, gyms, restaurants, parks, & minutes from Penrose Plaza Shopping Center! Easy access to all major highways! Minutes away from Philly Airport, Auto Mall, Universities, Center City, & many more! Get an offer in quickly before it's gone!!

Location

State PA

County Philadelphia

Area 19142 (19142)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Wall Unit

Flooring Carpet, Laminated

Inclusions ALL in AS-IS Condition: ***Eating Place (E) Liquor License***, ALL Commercial Equipments, Refrigerators, Commercial Deli Display, Tables, Chairs, Storage Display, Freezers, etc.

Equipment Negotiable, See Remarks

Heat Source Natural Gas

Exterior

Utilities Available Electric Available, Natural Gas Available, Phone, Phone Available, Phone Connected, Sewer Available, Water Available

Waterfront N

Water Access N

View Street

Roof Type Flat,Rubber

Accessibility None

Garage N

Building

Lot Description Corner

Foundation Brick/Mortar, Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Patterson John

Middle Schools Tilden Wm

High Schools John Bartram

School District The School District Of Philadelphia

Others

Tax ID 871562440

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Fire Detection System,Security System,Smoke Detector

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Phong D Lam • Century 21 Advantage Gold-South Philadelphia

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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