400-02 S 2nd St R, Philadelphia, PA |
Commercial |
SOLD |
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|
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MLS # |
4184646p |
Sub/Nei |
Society Hill |
$/SqFt |
$270.20 |
Apx Age |
225 |
DOM |
|
MLS Area |
Center City - C |
SchDist |
Philadelphia |
#Bldgs |
1 |
Sale/Ls/Bth |
S |
County |
Philadelphia County |
Zip Code |
19147-1608 |
#Units |
1 |
Land Only? |
N |
Tax ID # |
88-2002200 |
Road Fr |
|
#Stories |
|
LandSqFt |
0 |
|
Financial Info |
|
|
|
Lease Info |
|
RE Taxes/Yr |
$3,697/2002 |
Ann Heat Exp |
|
Ann Lse $/Sqft |
|
Assessment |
0 |
Elec Exp |
|
SqFt Avail |
2218 |
Land Use |
Stor |
Zoning |
Comm |
W/S Exp |
|
LvlsForLease |
|
Gross Ann Inc |
$48,000 |
Ins Exp |
|
Ann Lse Price |
$48,000 |
Total Expenses |
$3,697 |
Maint Exp |
|
Mon Lse Price |
|
Net Income |
$44,303 |
Waste Exp |
|
Avail Date |
|
VacancyRate |
0 |
Cam Fee |
|
Min Lse-Mo |
|
Cap Rate |
0.06 |
GRM |
14.56 |
Condo Fee |
5320 |
Cur Lse Start |
|
FullServExpSt |
|
Other Exp |
|
Cur Lse End |
|
Heating/Cooling/Utilities: |
Public Water, Public Sewer Util.
Avail: |
Type: |
Commercial, RetailSpace,
Restaurant, Tavern |
Lot Info: |
Downtown, Urban, LevelTopo,
None/OthrSur |
Lease Information: |
TripleNet, 5+ Years, Opt to
Renew Inc: |
Ten: |
PayElec, PayHeat, PayGas,
PayWtr, PaySwr, PayHtWtr, PayInsur, PayAreaMaint, PaySnowRemv, PayTrash, PayCblTV, PayTax,
PayJantrl, PayPestCont |
Other: |
Condo-FeeSim, SubjtoLease,
NoMods/UnkWh, BuildingOnly, Lease(s), ConventFin, CallToShow, LAMustAccShw, 24HrNoticShw,
ApptCentShw |
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Comments |
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SqFt & Other Info |
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Commercial Condo for sale in
popular Society Hill section of Center City Philadelphia. Current Tenant has long term
TRIPLE-NET lease (currently in 4th year of 5-year term, with two 5-year renewal options)
and is using property as a restaurant and bar. Excellent opportunity for an investor!!!
Rent is currently $48,000/year and can be adjusted annually in accordance with CPI, with a
min of 3% and max of 6% until year 11. At which time it can be renegotiated to then
current market value. Ignore Trend MLS Map - it is not correct. Location is at 2nd and
Pine Streets! |
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Directions: |
From Market Street: South on
Broad St to left on Pine to corner of 2nd and Pine Streets |
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