2700 S 16th St
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2700 S 16th St
1,328 SF 100% Leased Retail Building Philadelphia, PA 19145 For Sale
Investment Highlights
- Located in the heart of highly populated and highly desirable Girard Estates Neighborhood of South Philadelphia
- Long term commercial lease in place
- City Pizza has been operating out of this location for 30+ Years
- 2700 S 16th St can also be purchased with 100 Snyder Ave
- Immediate income
- Value Add Opportunity on the 2nd floor which is currently achieving a below market apartment rent
Executive Summary
The Flynn Company is pleased to represent the sale of 2700 S 16th Street which has been home to City Pizza for more than 30 years and has been a stable in the Girard Estate Neighborhood of South Philadelphia. City Pizza has a long-term lease in place where a buyer can benefit from immediate income. The 2-story property zoned CMX-1 also has an apartment on the second floor which is currently being leased out at a rate that is below market value.
Financials on the business can be shared upon request.
Financials on the business can be shared upon request.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,328 SF
Building Class
C
Year Built
1920
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Land Acres
0.02 AC
Zoning
CMX1 - Neighborhood Commercial Mixed-Use-1
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Walk Score ®
Very Walkable (85)
Transit Score ®
Excellent Transit (77)
Bike Score ®
Very Bikeable (89)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 882969942 | Improvements Assessment | $270,289 CAD |
| Land Assessment | $67,572 CAD | Total Assessment | $337,861 CAD |
PROPERTY TAXES
Parcel Number
882969942
Land Assessment
$67,572 CAD
Improvements Assessment
$270,289 CAD
Total Assessment
$337,861 CAD
-
Joseph Naselli -
Mike Gallagher -
Brendan Flynn -
The Flynn Company
(215) 561-6565
x155
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2700 S 16th St
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