2273 Clearfield StPhiladelphia, PA 19134

For Sale
$689,900

Own Your Business & Live Above!

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property in Philadelphia, PA, presents a unique investment opportunity. Located at 2273 E Clearfield St, 19134, this 1,994 square foot building boasts a 900 square foot ground floor commercial space currently operating as a convenient store, and a spacious three-bedroom apartment on the second floor. Built in 1920 and renovated in 2021, the building features a Class B rating and sits on a 1,140 square foot lot. The apartment includes newly installed vinyl plank flooring, oak kitchen cabinets, ample closet space, and is ideal for owner occupancy or rental income. The property is zoned CMX1, offering flexibility for various uses. With a strong NOI of $230,000 and a compelling 33.34% cap rate, this owner/user investment offers significant potential for both business operation and rental income. The asking price is $689,900. The property is currently 100% owner-occupied, with an occupancy date of October 26, 2024. This is a rare chance to acquire a thriving business and residential space in a desirable Philadelphia neighborhood.

Highlights

  • Mixed-use investment opportunity in Philadelphia, PA.
  • 1,994 SF building with 900 SF ground floor retail (currently a convenience store) and a 3-bedroom apartment.
  • Built in 1920, renovated in 2021, Class B building on a 1,140 SF lot.
  • Apartment features vinyl plank flooring, oak cabinets, and ample closet space.
  • CMX-1 zoning allows for flexible use.
  • Strong NOI of $230,000 and a 33.34% cap rate. Asking price: $689,900.

Property Details for 2273 Clearfield St

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
1,994 SF
Class
B
Year Built/Renovated
1920/2021
Buildings
1
Stories
2
Units
2

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.988538
Longitude
-75.1096716
2273 Clearfield St, Philadelphia, Pennsylvania

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2273 Clearfield St
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