Fully renovated mixed-use opportunity just one block from Lancaster Avenue. This CMX-2 property features a highly visible commercial storefront with approximately up to 800 square feet of usable space, including a partially finished lower level, plus a beautifully renovated residential unit above. The residential unit offers 3 bedrooms, 1 bathroom, a modern kitchen with granite countertops, laundry hookups, mini-split heating and cooling, and a heated finished attic providing additional living space with potential third-bedroom use. Extensive renovations include a new roof, HVAC, electrical, plumbing, flooring, drywall, trim, doors, kitchens, bathrooms, and replacement windows. Property will be delivered vacant, allowing the next owner to lease at market rates. Projected rents of approximately $2,500/month for the commercial space and $1,830/month for the residential unit provide strong income potential in one of West Philadelphia’s most active growth corridors. Ideal for investors, owner-occupants, or entrepreneurs seeking to operate a business below while living above. Owner-occupants may offset a substantial portion of their housing expense through commercial rental income or occupy the commercial space while generating residential income..
Listed By
Agency Name: HomeSmart Realty Advisors
Agency Phone: 2156041191
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
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5018 W Thompson Street | MLS# PAPH2638908
This commercial property located at 5018 W Thompson Street, Philadelphia, PA 19131 is currently listed for sale with an asking price of $329,500. W Thompson Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.joinrealtymark.net today.