2579 Memphis Street

Philadelphia PA 19125

1596 sq. ft.

845 sq. ft.

Single-Family

Last sold for $340,000

Emily Nussbaum, last sold this property on 13 December 2024 after 570 days on market.

Overview

Think outside the box with this sunny 2-story CORNER property located in the Olde Richmond pocket of 19125 (Fishtown area). It is currently zoned RSA5 - but with a variance - this property would be an incredible opportunity to open a small business in an area that would welcome it with open arms - it used to be a flower shop back in the day! This tight-knit ?neighborhood-y? pocket of 19125 (east of york, south of frankford, west of lehigh, north of girard) in my humble opinion - is in desperate need of a coffee shop or breakfast spot? there is nothing incredibly close coffee-wise right now - although we DO love Little Susie?s Pies (which is about an 8 min walk away on Lehigh). You would also be in great company with Circles and Squares Pizza, Meetinghouse Bar, Pacific Yoga, and Cook & Shaker - all only a super short stroll away. The building is currently situated with a renovated and professionally designed 1 bedroom apartment on the 2nd floor with a wonderful long-term tenant paying $1750/m ($21k/y) - tenant is willing to vacate or stay - your choice. The first floor (which has a separate entrance from the residential unit) is unfinished and the basement is large and dry. Alternatively - you can keep it fully residential and get creative with designing the sunny, corner home of your dreams! Note: Buyer would be responsible for any variance/zoning change. Seller open to generous contingencies to allow Buyer to do the due diligence needed to make their vision a reality. Inquire for details! Property is being sold in as-is condition. Thanks!

Features

2 bedrooms

1 bathroom

1596 sq. ft. floor area

845 sq. ft. lot size

Single-Family

Estimated Value

We need at least 3 similar 2 bedroom single-family properties sold in Philadelphia over the last 12 months.

Property history for 2579 Memphis Street

2024

Sold

$340,000

13 Dec 2024 by Emily Nussbaum, of Compass RE

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