2347 E Somerset St, PHILADELPHIA, PA

$1,349,000

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2

Beds

½

Baths

1,500

Square feet

0.11

Acres

About 2347 E Somerset St

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).

Features of 2347 E Somerset St

MLS® # PAPH2342574
Price $1,349,000
Bedrooms 2
Bathrooms 0.50
Half Baths 1
Square Footage 1,500
Acres 0.11
Year Built 1925
Type Residential
Sub-Type End of Row/Townhouse
Style Other
Status Active

Community Information

Address 2347 E Somerset St
Area 19134
Subdivision PORT RICHMOND
City PHILADELPHIA
County PHILADELPHIA-PA
State PA
Zip Code 19134
Senior Community N

Amenities

Parking Type On Street
Is Waterfront No
Pool Type No Pool

Interior

Heating 90% Forced Air
Cooling None
Fireplace No
# of Stories 3
Stories 3
Has Basement Yes
Basement Unfinished
Central Air N

Exterior

Style Other
New Construction N
Foundation Other

School Information

District PHILADELPHIA CITY

Additional Information

Date Listed April 12th, 2024
Days on Market 75
Zoning CMX1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Truist
Contact Info(215) 398-5139

Listing Map

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