228-232 South St, Philadelphia, PA 19147

-- beds1.5 baths3,200 sqft Edit

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Zestimate®: $1,238,328
Rent Zestimate®: $2,252/mo
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My Notes

Edit
Excellent opportunity for a bar/restaurant at a great corner location on South St (Corner of South & American). Space to be finished and fitted out and is to be leased in as is conditio. Lease space includes all of 1st floor and most of the basement (3,200 sq ft total). Liquor license included in lease (license not for sale). 1st floor has 2,000 sqaure feet to set up seating area and kitchen. Drywall work completed. All rough and some finish electric completed. All rough plumbing completed. Sprinkler system completed. Alarm system. Corner location that would be great for cafe seating. Busy South St location. Leased basement space is about 1,200 sqaure feet which can be used for food prep and storage. TRIPLE NET LEASE Expenses include $667 (Property Taxes) $584 (Insurance) $150 (Center City District Charge) $TBD (Use & Occupancy Tax) Tenant also pays for seperate gas, electric, water, and trash removal Landlord looking for a 5 year lease with option to purchase at $3,000,000  More Less 

Facts

  • Lot: 1,936 sqft
  • Single Family
  • Built in 1920
  • Views: 390 all time views
  • Last sold: Sep 2004 for $920,000

Features

  • View: Territorial

      Construction

      • Exterior material: Brick
      • Stories: 4

      Other

      • Floor size: 3,200 sqft
      • Lot depth: 44
      • Lot width: 45
      • Parcel #: 871011900
      • Zillow Home ID: 90196923

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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      $1,238,328
      +$43,107 Last 30 days
      $991K
      $1.80M
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $2,252/mo
      +$244 Last 30 days
      $1.7K
      $4.5K
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      $XXX,XXX
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      390 all-time views
      of this home (chart)
      127 forecasted views of this home
      in the first 7 days after listing for sale
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      Comparable Homes

      Homes like this sold for $870K-1.55M.

      $760K
      $1.66M

      Mortgages

      Neighborhood: Old City

      Zillow predicts Old City home values will rise 1.2% next year, compared to a 0.9% decrease for Philadelphia as a whole. Among Old City homes, this home is valued 242.1% more than the midpoint (median) home, and is valued 12.2% more per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In Old City, the number of foreclosures waiting to be sold is 79.3% less than in Philadelphia, and 76.2% lower than the national average. This lower local number could help Old City home values rise more quickly than other regions in Philadelphia.

      Learn more about forecast calculations or Old City home values.
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        Nearby Schools in Philadelphia

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