MLS#PAPH2638908
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONPARKSIDE
SCHOOLPHILADELPHIA CITY
Property Description
Fully renovated mixed-use opportunity just one block from Lancaster Avenue. This CMX-2 property features a highly visible commercial storefront with approximately up to 800 square feet of usable space, including a partially finished lower level, plus a beautifully renovated residential unit above. The residential unit offers 3 bedrooms, 1 bathroom, a modern kitchen with granite countertops, laundry hookups, mini-split heating and cooling, and a heated finished attic providing additional living space with potential third-bedroom use. Extensive renovations include a new roof, HVAC, electrical, plumbing, flooring, drywall, trim, doors, kitchens, bathrooms, and replacement windows. Property will be delivered vacant, allowing the next owner to lease at market rates. Projected rents of approximately $2,500/month for the commercial space and $1,830/month for the residential unit provide strong income potential in one of West Philadelphia’s most active growth corridors. Ideal for investors, owner-occupants, or entrepreneurs seeking to operate a business below while living above. Owner-occupants may offset a substantial portion of their housing expense through commercial rental income or occupy the commercial space while generating residential income..
Property Features
Property Type: Commercial -
Cooling: Ductless/Mini-Split
Fuel Type: Electric
Heating: Baseboard - Electric, Heat Pump - Electric BackUp
Lot Size: 0.03 Acres
Roof Type: Flat
Taxes: $1,127
Year Built: 1925
Feature Descriptions
Days on Site: 27
Electric: 200+ Amp Service
Exterior: Masonry
Flooring: Wood, Vinyl, Tile/Brick
Location: Urban
Lot: Irregular
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Parking Notes: Public
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 2
Utilities: Water Available, Sewer Available, Electric Available
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: HomeSmart Realty Advisors
Agency Phone: 2156041191
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
5018 W Thompson Street | MLS# PAPH2638908
This commercial property located at 5018 W Thompson Street, Philadelphia, PA 19131 is currently listed for sale with an asking price of $329,500. W Thompson Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymarkllc.com today.