1600 E Passyunk Avenue,
Philadelphia, Pennsylvania, 19148 United States

1600 E Passyunk Avenue
Philadelphia, Pennsylvania, 19148 United States

$1,275,000USD
  • New Listing
  • .03 Acres
    Exterior

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1600 E Passyunk Avenue

About 1600 E Passyunk Avenue, Philadelphia, Pennsylvania

Welcome to 1600 East Passyunk Avenue. This 3-story, 3 unit mixed-use property sits at the bustling intersection of East Passyunk Avenue and Tasker Street with views of the Singing Fountain and is surrounded by some of the city’s best restaurants and local shopping. The asset is zoned CMX-2, anchored by a long-standing men’s clothing store (Metro), and features two renovated two-bedroom units. This is a prime investment property that offers short-term value add with flexible leases and under-market rents, while adding major value for long-term holders considering its unique positioning in one of the best neighborhood commercial corridors in Philadelphia. Rents: unit 1 (commercial) $3,050/mo Gross, lease expiration 3/31/24, unit 2 (two bedroom, one bath) $1,942/mo, lease expiration 5/31/22, unit 3 (two bedroom, one bath) $1,500/mo, lease expiration 4/15/22.

Listing Courtesy of MSC Retail, Inc.

Data provided by BRIGHT MLS

Marketed By

Downtown Brokerage

Property ID:PAPH2046980

MLS ID:PAPH2046980

Amenities

  • A/C