Property Description

Rarely available Fully Renovated CMX-2 Mixed Use opportunity on Torresdale Ave! This is huge building consisting of a massive Commercial Store Front, 4 Bedroom Apartment on 2nd and 3rd floors and a large 50x20 storage area in the back with separate entrance. The Apartment has been fully renovated and rents for $1900-$2000 and has separate utilities. The apartment is amazing with a 2 story Family Room, full size Dining Room, full kitchen and additional storage. All has been freshly painted, newer luxury vinyl flooring and brand new carpet throughout. The Commercial Store has been a Nail Salon for last 15 years. Store tenant is month to month and knows rent is well below market and would love to stay if possible. Updated rent for store is $1800. In the back is a 50x20 fully gutted space and ready for your finishing thoughts and touches. Currently used by owner for storage. This versatile commercial mixed use property offers an excellent opportunity for an owner-user, investor, or entrepreneur looking to establish a business in a high visibility NE Philly location. The CMX-2 zoning provides flexibility for a variety of potential commercial, office, retail, service and mixed use applications. This is truly a turnkey property that generates $3000+ currently but can generate nearly $4000 with updated rents! You can add a 2 bedroom apartment in the storage area in the back and now you added an additional $1500 to generate $5500 for the entire building! Owner is retiring and moving out of the area and this is your opportunity. Full basement and newer roof too. Everything is done for you and now you can start earning the passive income you deserve or open your own business! The possibilities are endless and properties like this go fast, so don't wait!

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