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113 South St 2,928 SF 100% Leased Retail Building Philadelphia, PA 19147 $1,520,750 CAD ($519.38 CAD/SF) 8.45% Cap Rate



INVESTMENT HIGHLIGHTS
- FULLY RENOVATED
- Queen Village
- Modern finishes
- Four-unit building
- Excellent foot traffic
- Ample natural light
EXECUTIVE SUMMARY
This is a rare opportunity to own a FULLY RENOVATED, four-unit building located in the highly sought-after Queen Village neighborhood. The property is ideally situated in the heart of the area, offering both excellent foot traffic and a vibrant community atmosphere. The first floor features a WELL-ESTABLISHED hair salon helping to provide a steady stream of income. The remaining three units consist of two spacious 1-bedroom apartments and one 2-bedroom apartment, each designed to appeal to today’s renters with modern finishes, ample natural light, and attractive layouts. These units are highly marketable, making them ideal for generating consistent rental income. With a GROSS ANNUAL CASH FLOW OF OVER $93,000, this property presents a fantastic investment opportunity. Whether you’re looking for a HIGH-PERFORMING addition to your real estate portfolio, seeking a prime location, or looking to JUMP INTO THE REAL ESTATE BUSINESS, and enjoying a steady stream of rental income, this building offers both versatility and FINANCIAL UPSIDE.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,928 SF
Building Class
C
Year Built
1900
Price
$1,520,750 CAD
Price Per SF
$519.38 CAD
Cap Rate
8.45%
NOI
$128,573 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.24
Lot Size
0.03 AC
Zoning
C1, Philadelphia - zoning allows for small-scale commercial establishments like convenience stores, cafes, and small offices, serving the immediate neighborhood.
Frontage
16’ on South St
AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Detector
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 871023550 | Improvements Assessment | $678,310 CAD |
| Land Assessment | $169,577 CAD | Total Assessment | $847,887 CAD |
PROPERTY TAXES
Parcel Number
871023550
Land Assessment
$169,577 CAD
Improvements Assessment
$678,310 CAD
Total Assessment
$847,887 CAD
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113 South St
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