$ 564,900
-
$564,900
Price -
2
Bed - Bath
-
2,918
SqFt
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About the Listing COMPASS6 - 3339541,3196155
GREAT INVESTMENT OPPORTUNITY IN MANAYUNK! Located just blocks away from the vibrant retail and dining scene on Main Street and Ridge Avenue, this prime corner building offers a fantastic investment opportunity in one of Philadelphia’s most sought-after neighborhoods. With a total of 2,918 square feet, this mixed-use property combines residential and retail space, making it an ideal choice for investors looking to capitalize on both long-term rental income and the potential for a thriving retail business. The first-floor retail space, previously a successful restaurant tavern, comes with a commercial kitchen space and hood system, walk-in cooler, bar layout and seating for 40-60 patrons. The property comes with the potential to acquire a liquor license, which will be sold separately from the property itself. This license allows for full-service alcohol service, including outdoor seating, offering tremendous flexibility for a bar or restaurant business. The CMX1 zoning permits additional uses including a deli/grocery store, daycare facility, boutique, financial services, pet store, or medical practice. Above the retail space, there are two newly renovated 1-bedroom apartments on the 2nd and 3rd floors, each featuring modern updates including new flooring, stainless steel appliances, and stylish new bathrooms. Located in a high-demand, thriving neighborhood, this mixed-use property is an excellent investment with great potential for both rental income and business ventures.
Listing Highlights for 3847 Terrace St
Status
Active
Days on Site
15
Property Type
Multi-Family
MLS ®
PAPH2531184
Year Built
1900
Total Square Footage
2,918
Lot/Acreage
0.04
Interior Details
- Bedrooms: 2
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2918
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 19.00 x 83.00
- Zoning: Ground Floor Commercial Use with Residential Apartment Use above; currently built out for a restaurant/bar use on the ground flr
- Roof: Flat
- Others: Excellent
- Sewer: Public Septic
- Parking Features: On Street
Financial Details
- Tax Amount: $5,039
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
3847 Terrace St Philadelphia, PA 19128
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