Property

Philadelphia, PA 19134 2347 E Somerset Street

2347 E Somerset Street Philadelphia, PA - Image 12347 E Somerset Street Philadelphia, PA - Image 2
Presented By: RE/MAX Truist
  • MLS# PAPH2342586
  • 04/12/2024
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  • Beds • 4

Home Details

Included in this enticing package are three properties to be sold together: a mixed-use townhome (2347) alongside two residential properties (2345-2343). With 2347 Somerset St. previously being a mixed-use pizza shop, all of the equipment is included, giving a fully equipped pizza shop. Boasting a prime location just off Aramingo Ave., these properties offer convenience and accessibility, with a remarkable walking score of 80. Tenants will relish the proximity to local favorites such as Tacconelli's and Stock's Bakery, as well as the vibrant shopping destination of Fishtown Crossing, which boasts nearly 30 shops, including GNC, Hair Cuttery, Starbucks, and IGA Supermarket, just a short stroll away. This turnkey pizza shop, combined with the potential for mixed-use development, presents a compelling proposition for those seeking to maximize their investment potential in Philadelphia's dynamic real estate landscape. Investors have the exciting opportunity to capitalize on the potential for converting the single units within the property package at 2347-45-43 E. Somerset Street into multi-family residences or commercial mixed-use (CMX) spaces. Leveraging the strategic location just northeast of the Conrail tracks in Port Richmond, Philadelphia, these properties offer a fertile ground for innovative development. Whether it's reimagining the existing mixed-use townhome (2347) or repurposing the adjacent residential properties (2345-2343) into multi-family apartments or flexible CMX spaces, the prospects for adaptive reuse are vast. Total square footage for building improvements is 4,696 soft including all three properties (2343: 1504 sqft; 2345: 1692 sqft; 2347: 1500 sqft). Total land square footage is 4816 sqft including all three properties (2343: 1173 sqft; 2345: 1320 sqft; 2347: 2323 sqft).
Presented By: RE/MAX Truist

Interior Features for 2347 E Somerset Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Street SuffixSTREET

General for 2347 E Somerset Street

AccessibilityNone
Architectural StyleOther
Buyer Agent Compensation2.5
Buyer Agent Compensation Type% Of Gross
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNone
CoolingNone
CountyPHILADELPHIA
Days on Market25
DirectionsUse GPS.
Garage Y/NNo
Heating90% Forced Air
Lot Size Square Feet4816.00
MLS Area19134 (19134)
ModificationTimestamp2024-05-06T20:12:42
MunicipalityPHILADELPHIA
New ConstructionNo
One Bedroom Units Count4
Other StructuresAbove Grade, Below Grade
Percent OwnershipFee Simple
Pool Y/NNo Pool
Possession31-60 Days CD, 0-30 Days CD, Immediate
Price Per Sq Ft899.33
Property SubTypeOther
Property TypeMulti-Family
SewerPublic Sewer
Single Room Units Count3
Standard StatusActive
StatusACTIVE
Street NameSOMERSET
Structure TypeEnd of Row/Townhouse
Subdivision NamePORT RICHMOND
Tax Annual Amount2242.0
Tax Assessed Value160200.0
Tax Year2022
Total SQFT1500
Total Units2
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningCMX1

Exterior for 2347 E Somerset Street

Foundation DetailsOther
InclusionsPizza shop equipment included.
Land Assessed Value32040.00
Land Use CodeS30
Lot Dimensions57.00 x 73.00
Lot Size Acres0.11
Lot Size SourceEstimated
Lot Size UnitsSquare Feet
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Chris Correira

Loan Officer
Price $1,349,000
MLS#PAPH2342586
List Date 04/12/2024
Property Type Multi-Family
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