$1,075,000
Rare opportunity to own a modern turnkey mixed-use property with CMX2 zoning on one of Philadelphia’s most iconic and bustling streets. Built in 2018 by one of the sellers with no expenses spared and no intention of selling, this property includes top quality finishes throughout that will not disappoint. Building can accommodate 4 separate tenants. This perfect combination of commercial and residential space features stylish and oversized black commercial windows, spray foam insulation throughout, 3 zone HVAC system, exposed brick walls, PEX plumbing manifold, two fiberglass roof decks with killer city views accessible to all tenants, sprinkler system, commercial grade interior doors, heavy duty electric roll down security doors on the 1st floor front & back doors and front window, scratch and water resistant luxury vinyl wide plank flooring, custom metal railings, quartz counters, tankless water heaters, stainless steel appliances, recessed LED lighting, multiple outdoor egress points, separate meters, French drain, 2 sump pumps, security cameras, extra wide 16x60 lot, 2800 square feet of finished interior space, and another 525 square feet of exterior space! Built to suit one of the seller’s travel agency needs, the property features a highly optimized floor plan with great storage and zero wasted space. The basement, 1st floor, and 2nd floor are currently being used as office space and offer a blank canvas for future occupants. The 3rd floor is a stylish and spacious studio apartment with great ceiling height, tons of natural light, exposed spiral ductwork, laundry, generous closet space, stainless appliances with gas cooking, and access to 2 fiberglass roof decks with stunning skyline views. The owners keep the furnished apartment for personal occasional use and prefer the open floorplan of a studio apartment but would add a bedroom wall and door if the new owner desires. The office areas include a lobby with huge window facing South St, 15+ private and semi-private offices, 3 half bathrooms (one ADA compliant), large conference room, kitchenette, outdoor egress, fenced rear alley, large storage room, great closet space, and is set up to easily accommodate multiple separate commercial tenants. Located in a highly walkable area (97/100 walk score) with exceptionally convenient access to SEPTA public transportation (100/100 transit score) and quick access to I-95 and I-676, this property is a dream for anyone wanting to commute all over the city or into the suburbs or NJ. Monthly parking options are available in the parking lot located on Kater St directly behind the building or in the parking garage at the corner of 11th and South St (inquire directly for pricing and current availability). Hourly parking is available out front on South St or in the 11th and South garage. Steps from Philadelphia’s Magic Gardens, the Italian Market, Whole Foods, and surrounded by boutiques, eateries, coffee shops, gyms, dog parks, and everything else that this thriving neighborhood has to offer. South St is always buzzing with energy, culture, and nonstop foot traffic, adding brand visibility with its high exposure location. Extremely versatile building, suitable for many uses... strong multi-tenant investment opportunity, perfect owner-user property with potential to lease additional space, the possibilities are endless. This property has always been owner occupied and is meticulously maintained. Don’t miss your opportunity to own this pristine mixed-use gem on one of Philadelphia’s most vibrant corridors! Listing agent is related to one of the sellers.
1120 South St, Philadelphia
Listing courtesy of Coldwell Banker Realty. Contact: (215) 923-7600