565 N 20 Th STREET

Spring Garden · Philadelphia, PA 19130

Commercial
  • $1,100,000
  • Active
  • #PAPH408926

565 N 20 Th STREET, PA 19130

Incredible opportunity to own a blue chip investment in one of the most well established neighborhoods in Philadelphia - Spring Garden/Art Museum. This mixed-use property features commercial space on the first floor that is currently being occupied by the owner and 4 residential units up top. The commercial space owns a liquor license that is not included in the sale of the building but could be negotiated to be included. The owner is also open to selling the business separately or with the building. The business is currently a specialty beer distributor with a loyal and longstanding client base. The residential units are all currently occupied and all feature 1 bed, 1 bath. Two units are rented for $950/month and the other two are rented for $900/month. With minor cosmetic updates the rental income could be increased as well for the residential units. Leases available upon an acceptable offer. Don't miss out on an opportunity to own a staple in a beautiful and desirable neighborhood.Check OPA for 2019 taxes due to possible citywide reassessment.

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