New Listing
421 W Olney Ave,PHILADELPHIA, PA 19120
PHILADELPHIA, PA 19120
Description
Have you been expanding your business and you are looking for a permanent spot for your business? This affordable Mixed-use investment opportunity located along a major commercial corridor in the Olney/Oak Lane section of North Philadelphia. This 3-unit property consists of a vacant first-floor commercial space, a bi level second/third-floor residential apartment, and a separately located 4-car garage, offering multiple income streams. The first-floor commercial unit features direct access to the basement and a separate side entrance, providing flexibility for a variety of business uses. The second-floor residential unit has its own private side entrance where the owner can live above the business. The detached 4-car garage, located directly behind the building, provides additional rental income potential. Situated at 421 W Olney Ave, the property is surrounded by residential housing and is just one block from 5th Street. The location offers easy access to Roosevelt Boulevard, Broad Street, and Cheltenham Avenue, making it convenient for tenants and customers alike. This property presents an excellent opportunity for an owner-occupant or investor to add value by leasing the commercial space while collecting existing rental income from the residential unit and garage. Property is being sold as-is.
Details
| MLS # | PAPH2687468 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 3 |
| Listing Provided By | BHHS Fox & Roach-Blue Bell | Benjamin Wong |
Features
| SQ Feet | 1,460 |
|---|---|
| Garage | 4 |
| Units | 3 |
| Zoning | CMX2 |
| Acreage | 0.07 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private |
Taxes
| Tax Annual Amount | 3019 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19120 |
| Area | 19120 (19120) |
| Community Name | OLNEY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in OLNEY) | |
Price: $250,000 low | high Med: $196,500 sqft: 1,460 low | high Med: 1,084 $ / sqft: $171 low | high Med: $181 On site: 3 low | high Med: 31.5 | |
Market Activity 19120
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19120 |
| Area | 19120 (19120) |
| Community Name | OLNEY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in OLNEY) | |
Price: $250,000 low | high Med: $196,500 sqft: 1,460 low | high Med: 1,084 $ / sqft: $171 low | high Med: $181 On site: 3 low | high Med: 31.5 | |
