626 S 7th St,PHILADELPHIA, PA 19147
PHILADELPHIA, PA 19147
Description
Wouldn't it be wonderful to have a small business or space for a passion project on a picturesque neighborhood corner, and retire every evening to a beautifully custom home with incredible private amenities that's all right upstairs? Prime investment and development opportunity in this exceptionally maintained mixed use corner property with one significantly improved commercial space with attached garage, and one custom one bedroom + loft, bi-level residence with multiple private outdoor spaces and separate entry, lovingly named SKY HOUSE. The existing residence offers 1 bedroom, 1.5 baths, in-unit laundry in a dedicated laundry room, access to two private roof decks, two fireplaces, a loft space, and separate storage area that may be built out as additional living space. Live in the upstairs residence and set up shop in the fully built in ground level commercial space with interior access to the attached garage. This property is well positioned on a high traffic corner in Queen Village, coveted by businesses for its access to sophisticated clientele and by residents for its access to superb neighborhood offerings in highly sought-after Meredith catchment. Capitalize on local demand by offering the existing units as-is, at increased rents with minor renovation, or by development of two additional residential apartments as permitted by right. This property not only serves as a reliable income-generating asset but also positions you for long-term growth in a thriving market.
Details
| MLS # | PAPH2646856 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1976 |
| Days On Site | 87 |
| Listing Provided By | SERHANT PENNSYLVANIA LLC | Jennifer Rhee |
Features
| SQ Feet | 2,720 |
|---|---|
| Garage | 1 |
| Units | 2 |
| Zoning | CMX2 |
| Acreage | 0.04 |
Interior
| Cooling | Ductless/Mini-Split, Multi Units, Wall Unit, Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
| Interior Features | Bathroom - Tub Shower, Cedar Closet(s), Exposed Beams, Floor Plan - Open, Skylight(s), Spiral Staircase, Window Treatments, Wood Floors, Other |
Exterior
| Roof | Flat, Rubber, Wood |
|---|---|
| Construction Materials | Masonry |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private |
Taxes
| Tax Annual Amount | 7404 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19147 |
| Area | 19147 (19147) |
| School District | PHILADELPHIA CITY |
| Elementary School | WILLIAM M. MEREDITH SCHOOL |
| High School | FURNESS HORACE |
| Listing VS Median (in 19147) | |
Price: $1,200,000 low | high Med: $392,450 sqft: 2,720 low | high Med: 983 $ / sqft: $441 low | high Med: $412 On site: 87 low | high Med: 88.5 | |
Market Activity 19147
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19147 |
| Area | 19147 (19147) |
| School District | PHILADELPHIA CITY |
| Elementary School | WILLIAM M. MEREDITH SCHOOL |
| High School | FURNESS HORACE |
| Listing VS Median (in 19147) | |
Price: $1,200,000 low | high Med: $392,450 sqft: 2,720 low | high Med: 983 $ / sqft: $441 low | high Med: $412 On site: 87 low | high Med: 88.5 | |
