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Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,834 sqft
Price per Sqft $113
Subdivision Tacony
MLS Listing ID PAPH2360168
Sold Date 09/23/24
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $5,169
Tax Year 2024
Lot Size 4,852 Sqft
Acres 0.11
Lot Dimensions 22.00 x 218.00
Property Description
Wonderful opportunity to own a commercial space situated right at the the intersection of Cottman Avenue & State Road in Tacony with multiple uses. The property is currently being used as an autobody shop and boasts 4,834 square feet on a 22 X 218 lot. The property has a drive thru garage bay with two garage doors giving you access to the back of the property/rear yard. It also has an office conveniently located in the front of the building. This property can be purchased as a package deal with Two Other lots Across the street right on the corner of State Road & Cotttman Ave with Billboard Sign Rental Income and lot that can be used for customer parking or developed. Conveniently situated Just off 95 Exit with massive traffic counts and exposure for your business. Great for an owner occupant or investor. The property is being sold with a a lot across the street (7300-7304 State) which was previously an auto body shop. The billboard leases are on a 10-year lease with built in increases (Year 1 $6,800, Years 2 & 3 $8,000, Years 4-7 $9,000, Years 8-10 $9,500). The seller would sell the building without the lot but would not sell the lot 1st.
Location
State PA
County Philadelphia
Area 19136 (19136)
Zoning I2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Tile/Brick, Concrete
Heat Source Natural Gas
Exterior
Garage Spaces 20.0
Waterfront N
Water Access N
Accessibility None
Parking Type Other, On Street, Private Garage
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882971535
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with John H Katein IV • Century 21 Veterans-Newtown
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