PA > Philadelphia
Philadelphia, PA 19128,3847 TERRACE ST
Philadelphia, PA 19128,3847 TERRACE ST
Philadelphia, PA 19128,3847 TERRACE ST
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Listed by Aimee Lucia Alexander • Compass Pennsylvania, LLC
$579,900
Est. payment /mo
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2,918 SqFt
Under Contract

3847 TERRACE ST Philadelphia, PA 19128

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Denise Petti, CREN, CBDA

Denise Petti, CREN, CBDA

+1(609) 760-4334

UPDATED:

Key Details

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,918 sqft

Price per Sqft $198

MLS Listing ID PAPH2470658

Style Traditional

Abv Grd Liv Area 2,918

Year Built 1900

Annual Tax Amount $5,039

Tax Year 2024

Lot Size 1,569 Sqft

Acres 0.04

Lot Dimensions 19.00 x 83.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property 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.

Location

State PA

County Philadelphia

Area 19128 (19128)

Zoning CMX1

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Septic

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 882935540

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

Bright MLS (BMLS)

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agent

Denise Petti, CREN, CBDA

Agent

+1(609) 760-4334

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