1016-18 RACE ST Philadelphia, PA 19107
14,000 SqFt
UPDATED:
10/08/2024 02:08 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 14,000 sqft
Price per Sqft $41
MLS Listing ID PAPH2317142
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $42,614
Tax Year 2024
Lot Size 7,223 Sqft
Acres 0.17
Lot Dimensions 42.00 x 169.00
Property Description
Seize the opportunity to own a thriving business with a long-term lease, strategically located in the vibrant heart of Chinatown. This prime property boasts:
National Long-Term Tenants:
Secure your investment with existing leases held by reputable national long-term tenants. This stability not only ensures a consistent income stream but also lays a solid foundation for the future success of your venture.
Profitable at 40% Occupancy:
Witness unparalleled financial efficiency! The current rent roll covers the majority of expenses even at a mere 40% occupancy. Imagine the potential for increased profitability with strategic leasing and management.
Versatile Spaces:
This property offers versatile spaces, providing the canvas for your entrepreneurial vision. Whether you bring in new concepts or tenants, the possibilities are limitless. Customize and curate a dynamic mix that resonates with the energy of Chinatown.
Long-Term Lease in Place:
Benefit from the security of a long-term lease, providing stability and peace of mind for your investment. Your business can thrive and evolve over the years, establishing itself as a cornerstone of the community.
Chinatown's Pulse at Your Doorstep:
Immerse yourself in the vibrant culture and energy of Chinatown. With this central location, your business becomes an integral part of the local scene, attracting a diverse and engaged audience.
Global Appeal, Local Charm:
Embrace the global allure of Chinatown while maintaining the charm of a local business. This unique combination positions your investment as a magnet for both locals and visitors seeking an authentic experience.
Your Vision, Your Success:
Unleash your creativity and business acumen – this is your chance to shape the future of a prime property in the heart of Chinatown. Take the reins, bring in fresh concepts, and watch your investment flourish.
Don't miss out on this unparalleled business opportunity. Contact us now to explore the endless potential that awaits you in Chinatown!
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX4
Interior
Hot Water Multi-tank
Heating Central
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility 48\"+ Halls, 36\"+ wide Halls
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882250805
Ownership Leasehold
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Private, Other, Joint Venture, Lease Purchase, Negotiable
Listing Terms Cash, Conventional, Private, Other, Joint Venture, Lease Purchase, Negotiable
Financing Cash,Conventional,Private,Other,Joint Venture,Lease Purchase,Negotiable
Special Listing Condition Standard
