1618 E Passyunk Avenue

Description

Rare investment opportunity in the heart of East Passyunk Avenue. This location cannot be beat! Own a property in the very center of this neighborhood+GGs countless shops and restaurants. Just three blocks to the Broad Street Line and walkable to every convenience imaginable, highlighting the ideal city lifestyle. 1618 E Passyunk Ave is a mixed-use property that includes a street-level store front with picture window and a large 3-bedroom residence with finished basement access. Creative developers will love the extra-long lot (16 x 90)! The bi-level residential unit has been owner occupied for over 40 years and is ready for a new vision. More recent upgrades include hardwood floors throughout and central air, but there is still plenty of room for custom improvements. The first floor is open concept with a bonus storage room behind the kitchen. Large yard with storage shed and a beautiful mature plum tree! The basement has a separate entrance from the sidewalk and includes a small kitchenette and bathroom facilities. The basement can act as a 4th bedroom OR a potential 3rd unit with further renovation and zoning approval. The commercial unit was most recently used as a doctor's office and previously, a grocery store. There is a party wall dividing the space that can be easily removed to create an open area with half bathroom included. This space has an independent electric meter and newer mini-split system for heating and cooling. The commercial tenant has recently vacated to allow for a total reimagining by the new owner. This is a blank slate on one of the best blocks of South Philadelphia. Don+GGt miss your chance to capitalize on this great opportunity. Schedule your appointment today! **Check out the video walk through tour included in this listing.**