2964 Richmond StPhiladelphia, PA 19134

This fee-simple mixed-use property at 2964 Richmond St, Philadelphia, PA 19134, offers a compelling investment opportunity. The 4,000 square foot building, constructed in 1915, is zoned CMX2 and boasts 12 units: 10 one-bedroom and 1 two-bedroom residential units, plus a 1,385 square foot ground-floor commercial space. The asking price is $699,000, translating to $174.75 per square foot. A fully approved development plan, including building permits, is included in the sale, allowing for immediate construction commencement. The design incorporates modern amenities such as bike storage, commercial storage, and designated trash areas. This prime Port Richmond location provides easy access to public transportation, numerous restaurants (including Tacconelli's Pizzeria, Mercer Cafe, Gaul & Co. Malt House, The Green Rock Tavern), and local businesses like Riverwards Produce and Stock's Bakery. The property's strategic placement on a busy commercial corridor ensures high visibility and potential for strong rental income. Detailed financial projections are available upon request. This is a turnkey opportunity to capitalize on the thriving Port Richmond market.