Philadelphia, PA 19131,5501 LANSDOWNE AVE
Philadelphia, PA 19131,5501 LANSDOWNE AVE
Philadelphia, PA 19131,5501 LANSDOWNE AVE
$159,500
Est. payment /mo
$269,900
40.9%
Est.Price: ?

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4,191 SqFt
SOLD DATE : 10/22/2024

Key Details

Sold Price $159,500

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,191 sqft

Price per Sqft $38

Subdivision West Philadelphia

MLS Listing ID PAPH2358884

Sold Date 10/22/24

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $2,932

Tax Year 2022

Lot Size 2,086 Sqft

Acres 0.05

Lot Dimensions 20.00 x 101.00

Property Description

Imagine a bustling corner property in West Philadelphia, brimming with potential. This isn't just a building, it's a blank canvas waiting for your vision. At a sprawling 4,191 square feet, the possibilities are endless.
On the ground floor, a well-established barbershop thrives. With its dedicated waiting area, barber parlor, and storage space, it's a cornerstone of the community. However, with its CMX2 Zoning, there are many possibilities for using the space. Check out the City of Philadelphia Zoning Quick Guide pages 26-27 for more details. In the back, a one-bedroom apartment currently has a month-to-month lease. Head upstairs and discover a vacant gem – a wide-open space on the second-floor front. This flexible area could be a two- or three-bedroom unit with its own kitchenette and full bathroom. In the rear, another one-bedroom unit offers steady income with a month-to-month lease. Third floor is currently an unfinished shell, this vast space is a dream waiting to happen. Imagine transforming it into a luxurious multi-bedroom apartment. Separate utilities for each unit keep things simple, and the extra-large basement with outside access hints at even more possibilities (verification recommended). Sure, the property needs some TLC, but that's the beauty of it. This is your chance to roll up your sleeves, unleash your creativity, and unlock the true potential of this West Philadelphia gem. With current rents below market value, there's room to grow your income. Plus, the convenient location near transportation, schools, and shopping ensures your tenants will love calling this place home. Are you a visionary investor or a savvy entrepreneur? If you're ready to turn potential into profit, schedule your showing today (with at least 24 hours' notice). This West Philadelphia property awaits your transformation. Buyer must confirm use. Don't miss out – all offers will be presented. Preferable sold subject to existing leases.

Location

State PA

County Philadelphia

Area 19131 (19131)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Forced Air, Hot Water, Radiator

Cooling None

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871053100

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jennifer L Bennett • Perfect Place Real Estate Co.
Bought with Jennifer L Bennett • Perfect Place Real Estate Co.

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Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

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