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2347 E Somerset Street

PHILADELPHIA, PA 19134
  • $1,349,000
  • STATUS: Active
  • ON SITE: 65 Days
  • ID#: PAPH2342574
UPDATED: 66 min ago
$1,349,000
  • 2
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 1
    1/2 BATHS
  • 1,500
    SQFT
  • $899
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
1925
County:

School Ratings & Info

School District:

Description

Included in this enticing package are three properties to be sold together: a mixed-use townhome (2347)alongside two residential properties (2345-2343). With 2347 Somerset St. previously being a mixed-usepizza shop, all of the equipment is included, giving a fully equipped pizza shop.Boasting a prime location just off Aramingo Ave., these properties offer convenience and accessibility,with a remarkable walking score of 80. Tenants will relish the proximity to local favorites such asTacconelli's and Stock's Bakery, as well as the vibrant shopping destination of Fishtown Crossing, whichboasts nearly 30 shops, including GNC, Hair Cuttery, Starbucks, and IGA Supermarket, just a shortstroll away.This turnkey pizza shop, combined with the potential for mixed-usedevelopment, presents a compelling proposition for those seeking to maximize their investment potentialin Philadelphia's dynamic real estate landscape. Investors have the exciting opportunity to capitalize onthe potential for converting the single units within the property package at 2347-45-43 E. SomersetStreet into multi-family residences or commercial mixed-use (CMX) spaces. Leveraging the strategiclocation just northeast of the Conrail tracks in Port Richmond, Philadelphia, these properties offer afertile ground for innovative development. Whether it's reimagining the existing mixed-use townhome(2347) or repurposing the adjacent residential properties (2345-2343) into multi-family apartments orflexible CMX spaces, the prospects for adaptive reuse are vast. Total square footage for building improvements is 4,696 soft including all three properties (2343: 1504 sqft; 2345: 1692 sqft; 2347: 1500 sqft). Total land square footage is 4816 sqft including all three properties (2343: 1173 sqft; 2345: 1320 sqft; 2347: 2323 sqft).

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jon Freedman with The Val Nunnenkamp Team | Keller Williams Marlton. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-22T19:56:45.173.
www.jonfreedman.com/homes/149222906
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2347 E Somerset Street PHILADELPHIA, PA 19134

  • Price: $1,349,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 66 min ago
  • ID#: PAPH2342574
2
Beds
0
Baths
1
½ Baths
0.11
Acres
1,500
SQFT
$899
$/SQFT
1925
Built
Neighborhood:
Port Richmond
County:
Philadelphia
Area:
19134 (19134)
School District:
Philadelphia City
Property Description
Included in this enticing package are three properties to be sold together: a mixed-use townhome (2347)alongside two residential properties (2345-2343). With 2347 Somerset St. previously being a mixed-usepizza shop, all of the equipment is included, giving a fully equipped pizza shop.Boasting a prime location just off Aramingo Ave., these properties offer convenience and accessibility,with a remarkable walking score of 80. Tenants will relish the proximity to local favorites such asTacconelli's and Stock's Bakery, as well as the vibrant shopping destination of Fishtown Crossing, whichboasts nearly 30 shops, including GNC, Hair Cuttery, Starbucks, and IGA Supermarket, just a shortstroll away.This turnkey pizza shop, combined with the potential for mixed-usedevelopment, presents a compelling proposition for those seeking to maximize their investment potentialin Philadelphia's dynamic real estate landscape. Investors have the exciting opportunity to capitalize onthe potential for converting the single units within the property package at 2347-45-43 E. SomersetStreet into multi-family residences or commercial mixed-use (CMX) spaces. Leveraging the strategiclocation just northeast of the Conrail tracks in Port Richmond, Philadelphia, these properties offer afertile ground for innovative development. Whether it's reimagining the existing mixed-use townhome(2347) or repurposing the adjacent residential properties (2345-2343) into multi-family apartments orflexible CMX spaces, the prospects for adaptive reuse are vast. Total square footage for building improvements is 4,696 soft including all three properties (2343: 1504 sqft; 2345: 1692 sqft; 2347: 1500 sqft). Total land square footage is 4816 sqft including all three properties (2343: 1173 sqft; 2345: 1320 sqft; 2347: 2323 sqft).
Exterior Features

Architectural Style Other Construction Materials Masonry Garage YN No Parking Types On Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1500 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Heating 90% Forced Air Heating YN Yes Inclusions Pizza shop equipment included Levels 3 Main Level Bedrooms 0 Upper Level1 Bedrooms 2

Property Features

Acceptable Financing CashConventionalPrivate Accessibility Features None Association YN No Central Air YN No Condo YN No Cooling Fuel None Foundation Details Other Heating Fuel Natural Gas Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Original MLSNumber 802990505056 Ownership Interest Fee Simple Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 2242.00 Vacation Rental YN No Water Source Public Zoning CMX1

Listing courtesy of RE/MAX Truist: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jon Freedman with The Val Nunnenkamp Team | Keller Williams Marlton. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-22T19:56:45.173.
 
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Jon Freedman with The Val Nunnenkamp Team | Keller Williams Marlton
103 E Route 70, Suite D
Marlton NJ, 08053