1016 COTTMAN AVENUE

PHILADELPHIA, PA, 19111

$1,680,000

$196 per ft²
$1,680,000
$196 per ft²
Active
Active
 - For Sale
carpenters-square
8,542 ft²
property_type
Commercial
calendar
Built 1950
True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .
MLS® ID:
PAPH2095648
Updated:
12/5/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
90 Forced Air

Exterior/Building Features

Lot Size
8,750 ft² lot
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19111 (19111)
Taxes
$6241.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
CMX2

Courtesy of Home Max Realty, Jie Chen

Listing Contact:  

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Data last updated 7:41 AM UTC, 12/5/22

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