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1016-18 Race Street

PHILADELPHIA, PA 19107
  • $650,000
  • STATUS: Active
  • ON SITE: 141 Days
  • ID#: PAPH2317142
UPDATED: 46 min ago
$650,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1890
County:

School Ratings & Info

School District:

Description

REDUCED PRCE for QUICK SALE! Don't miss your opportunity for a unique Investment Opportunity in the Heart of Chinatown! Liquor License Available!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!

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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 Your Home Team | Long & Foster Real Estate. 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: 2024-06-20T16:55:44.433.
www.yourhometeamde.com/homes/147076630
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1016-18 Race Street PHILADELPHIA, PA 19107

  • Price: $650,000
  • Status: Active
  • On Site: 141 Days
  • Updated: 46 min ago
  • ID#: PAPH2317142
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1890
Built
Neighborhood:
19107 (19107)
County:
Philadelphia
Area:
19107 (19107)
School District:
Philadelphia City
Property Description
REDUCED PRCE for QUICK SALE! Don't miss your opportunity for a unique Investment Opportunity in the Heart of Chinatown! Liquor License Available!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!
Exterior Features

Construction Materials Masonry Garage YN No Parking Types On Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 14000.00 Heating Central Heating YN Yes

Property Features

Acceptable Financing CashConventionalPrivateOtherJoint VentureLease PurchaseNegotiable Accessibility Features 48"+ Halls36"+ wide Halls Central Air YN No Current Use BarFood & BeverageRestaurantRetailOfficeOther Gross Income 20300.00 Heating Fuel Natural Gas Hot Water Multi-tank Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Original MLSNumber 802839062752 Ownership Interest Leasehold Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 42614.00 Tax Lot 252 Vacation Rental YN No Water Source Public Zoning CMX4

Listing courtesy of OCF Realty LLC - Philadelphia: .


©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 Your Home Team | Long & Foster Real Estate. 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: 2024-06-20T16:55:44.433.
 
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