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3847 Terrace Street

Philadelphia PA 19128

2
2918 sq. ft.
1569 sq. ft.
Duplex
Currently for sale - view listing

Overview

GREAT INVESTMENT OPPORTUNITY IN MANAYUNK! Located just blocks away from the vibrant retail and dining scene on Main Street and Ridge Avenue, this prime corner building offers a fantastic investment opportunity in one of Philadelphia’s most sought-after neighborhoods. With a total of 2,918 square feet, this mixed-use property combines residential and retail space, making it an ideal choice for investors looking to capitalize on both long-term rental income and the potential for a thriving retail business. The first-floor retail space, previously a successful restaurant tavern, comes with a commercial kitchen space and hood system, walk-in cooler, bar layout and seating for 40-60 patrons. The property comes with the potential to acquire a liquor license, which will be sold separately from the property itself. This license allows for full-service alcohol service, including outdoor seating, offering tremendous flexibility for a bar or restaurant business. The CMX1 zoning permits additional uses including a deli/grocery store, daycare facility, boutique, financial services, pet store, or medical practice. Above the retail space, there are two newly renovated 1-bedroom apartments on the 2nd and 3rd floors, each featuring modern updates including new flooring, stainless steel appliances, and stylish new bathrooms. Located in a high-demand, thriving neighborhood, this mixed-use property is an excellent investment with great potential for both rental income and business ventures.

Features

2 bedrooms
2918 sq. ft. floor area
1569 sq. ft. lot size
Duplex

Happy sellers in Philadelphia

60%
60% of sellers in Philadelphia reported that their sale price either exceeded or met their price expectations.

Philadelphia stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Philadelphia over the last 12 months.

Local market activity for 2 bedroom duplexes in Philadelphia

In the last 12 months, 6 two-bedroom duplexes similar to 3847 Terrace Street, have been sold.

This represents a 46% increase in two-bedroom duplexes sales when compared to the previous 12 months.

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(619) 566-0008
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