Extremely Rare opportunity to purchase 2 affordable commercial buildings for 978K off of Rittenhouse Square's "Famed Restaurant Row" with High Income and Explosive Capital Appreciation potential! Buildings can be sold separately also depending on strength of offer. This is the most densely populated area in Center City Philadelphia. You will never get a chance to buy buildings on this block at this price ever again as buildings here rarely ever go up for sale. This building is zoned CMX5, the highest commercial zoning only reserved for commercial area's of the city. The layout in this building can be easily converted into a 3 unit money maker! You can put a retail commercial/restaurant space on the Ground floor and a 1 bedroom 600 sq foot apartment on the 2nd floor and a studio apartment on the 3rd floor. Great for an owner/operator where you can own your own building for your business and bypass the 5 figure monthly rents in the area while living upstairs. Your one block from the new Comcast Center and right next door to Rittenhouse Square's newest 11 story hotel project, "Pod Philly" slated to open in the Summer of 2019, with 252 rooms , roof top lounge, restaurant & coffee shop on the ground floor of Ludlow Street. Harpers Beer Garden just doors away on 18th has just opened this spring. The CMX5 zoning permits many uses as of right from take out restaurant to retail store. Great property for a restaurant or take out food use since you are right in the middle of Center City's Financial District across the street from the Philadelphia Stock Exchange Building. This property is being sold "AS IS" with No Contingencies & Tenant Free with No Leases. You can start your conversion immediately. Please note this building is being sold as a package along with 1816 Ludlow which is contiguous and next door to this property. Both Properties are separately deeded. Price for both buildings is 978,000 for a total of 3,225 square feet of commercial space in Rittenhouse.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
