228-232 South St, Philadelphia, PA 19147

-- beds1.5 baths3,200 sqft Edit

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Zestimate®: $1,244,580
Rent Zestimate®: $2,997/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: 397 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 ft
      • Lot width: 45 ft
      • Parcel #: 871011900
      • Zillow Home ID: 90196923

      Zestimate Details

      Zestimate
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      $1,244,580
      +$10,319 Last 30 days
      $1.16M
      $1.62M
      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

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      $2,997/mo
      +$507 Last 30 days
      $2.0K
      $6.0K
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      Improve This Home's Value

      The right home project can make a significant impact to your home value! Compare average project costs in your area with estimated increases to your home value.

      The return values below are estimates based on the region, home facts, and past sales data. Your situation may vary based on current finish level of the room, changing style trends, depreciation, and how much of the project budget is invested in structural changes vs. functional/cosmetic improvements.

      Mid-Range Minor Kitchen Remodel

      • Mid-Range Minor Kitchen Remodel

      • + 22K VALUE
      • Project cost: $21,742
      • See kitchen ideas

      Mid-Range Bathroom Remodel

      Deck Addition

      Popularity on Zillow

      If this home is listed on Zillow, it will reach the largest real estate network on the web.*
      397 all-time views
      of this home (chart)
      158 forecasted views of this home
      in the first 7 days after listing for sale
      (56 views if listed for rent)

      Comparable Homes

      Homes like this sold for $890K-1.59M.

      $780K
      $1.7M

      Mortgages

      Neighborhood: Old City

      Zillow predicts Old City home values will increase 1.2% next year, compared to a 0.9% fall for Philadelphia as a whole. Among Old City homes, this home is valued 243.8% more than the midpoint (median) home, and is valued 12.8% 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.
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        Nearby Schools in Philadelphia

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        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        Data by GreatSchools.org