1450 W GRANGE AVE Philadelphia, PA 19141
2,260 SqFt
UPDATED:
02/14/2025 09:47 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,260 sqft
Price per Sqft $121
MLS Listing ID PAPH2442578
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $1,818
Tax Year 2024
Lot Size 1,881 Sqft
Acres 0.04
Lot Dimensions 20.00 x 93.00
Property Sub-Type Mixed Use
Property Description
Welcome investors to 1450 Grange Street, a unique mixed-use property offering exceptional income potential. This versatile property features a commercial unit on the ground floor and an upper level with the potential to house four one-bedroom apartments. Whether you're looking for a long-term investment, a redevelopment project, or an owner-occupied business space, this property presents endless possibilities.
Property Details:
Ground Floor Commercial Unit – Previously operated as a convenience store, this space generated $3,000 per month in rental income.
Upper-Level Residential Space – The second floor has the potential to be converted into four separate one-bedroom apartments, making this an excellent opportunity for a value-add investment. The units require a complete renovation, giving investors the flexibility to design modern, high-demand rental spaces.
Income Potential:
One-bedroom apartments in this area rent for approximately $1,240 per month.
Once renovated, the total projected rental income from the upper-level units alone could reach $4,960 per month.
Combined with the $3,000 monthly commercial rental income, the property offers a potential gross income of $7,960 per month.
High-Demand Rental Market – With strong rental rates in the area, this property has significant upside potential once the residential units are completed.
Strong Foot Traffic & Visibility – The commercial space benefits from a prime location with easy access for customers and tenants alike.
Flexible Investment Opportunity – Ideal for passive income, a redevelopment project, or an owner-user looking to operate a business on-site while generating additional rental revenue.
Endless Potential – Whether you renovate and rent, operate a business, or develop further, this property provides multiple options for strong returns.
This is an excellent opportunity for investors looking to capitalize on a highly versatile property in a growing market. With the right vision and improvements, 1450 Grange Street can become a highly profitable asset. The property is being Sold AS-IS No Repairs will be Made
Location
State PA
County Philadelphia
Area 19141 (19141)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Equipment Negotiable
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 171117505
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
GET MORE INFORMATION