2501 S HOBSON STREET, PHILADELPHIA, PA 19142

$349,500

RARE OPPORTUNITY to own this very unique & LARGE Mixed-Use CORNER Store Front with 1 very spacious Apartment Unit upstairs with a balcony in the heart of Southwest Philadelphia! This property is located DIRECTLY across the street from the LARGE & BRAND NEW Amazon Distribution Center!!! This Deli has been… Read More operated by the Owner for over 41 years! Seller will transfer their ''Eating Place (E) Liquor License'' to the New Owner at the time of Settlement. Take advantage of this rare opportunity before it's gone! This Commercial Mixed-Use Property features a TOTAL of 2 bedrooms, 1 Full Bathroom & 3 Half Bathrooms! Commercial Store Front has a Half Bathroom at the rear of the store, & 2 more half bathrooms in the basement. Sellers are including ALL commercial equipment, refrigerators, freezers, shelves, tables, chairs, etc, but are EXCLUDING the store's inventories (such as beers/liquors, deli meats, beverages, snacks, etc.). Entire store on 1st floor has very high ceilings & the property is very well-maintained throughout the years. There is a storage room at the rear of the property and a very large unfinished basement that holds all of the inventory, as well as the utility appliances (Hot Water Heater & Heating System). There are 2 Cellar doors at the side of the property that can easily transfer things into the basement for storage. You can enter the upstairs Apartment Unit on a separate side entrance of the building on Elmwood Avenue. 2nd Floor Apartment is very spacious & consists of 2 good-sized Bedrooms, 1 Full Bathroom, Living Room, Dining Room & a Kitchen! It has nice NEW laminate floors T/O the 2 Bedrooms, Dining Room & Kitchen & new carpets in the Living Room, Hallway & Stairs! ALL Laminate Floors & Carpets have been newly installed in February 2023! Full Hallway Bathroom consists of a single vanity, toilet & tub! Kitchen has a gas stove/range and also a washer hook-up. Upon exiting the Kitchen, you'll enter a good-size Balcony overlooking Elmwood Ave. & the Amazon Warehouse! Sellers had replaced ALL BRAND NEW Windows for the upstairs apartment in Feb. 2023! Plenty of natural lights shining T/O entire Apartment to help you save on energy bills! You can gain access to the Unfinished Basement from inside the store, OR from either of the 2 metal sidewalk cellar doors at the side of the Store on Elmwood Ave. Start off your new home, business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. Seller is discontinuing their Business Name after Settlement. Any potential Buyers who would like to continue to run this same type of business may do so at their own expense with a NEW Business Name of their choice. Sellers are willing to provide 2 weeks of training for how to run the business if potential Buyer chooses to do so. IF renting out the Commercial space, Commercial rents can be projected to bring in over $2,000-$2,500/mo. in the area and the Apartment Unit can be projected to bring in $1,200-1,400/mo. for rent! Owner pays water ( $45/mo.), electric ( $400/mo.), gas ( $40/mo.), Trash ( $500/yr. for Commercial), & Business Telephone ( $135/mo.). Owner owns the Fire Alarm system. Live in 1 Unit & Rent out the other to help cover your mortgage & potentially earning some cash flows OR continue to run the same business & live right upstairs OR open up your own business! So your investment possibilities are endless w/ this very large CORNER Mixed-Use Property! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed). Septa bus / trolley stops & public transportation are easily accessible in the area! Close to supermarkets, stores, gyms, restaurants, parks, & minutes from Penrose Plaza Shopping Center! Easy access to all major highways! Minutes away from Philly Airport, Auto Mall, Universities, Center City, & many more! Get an offer in quickly before it's gone!! Read Less

Courtesy of Phong Lam, Century 21 Advantage Gold-South Philadelphia [email protected]

Listing Snapshot

Days Online

435

Last Updated

Nov 12, 2024

Property Type

Townhouse

Square Ft.

2,146

Lot Size

0.03 Acres

Year Built

1935

MLS Number

PAPH2274284

Additional Details

Appliances & Equipment

Built-In Range, Freezer, Oven/Range - Gas, Washer/Dryer Hookups Only, Water Heater

Basement

Drain, Full, Interior Access, Outside Entrance, Poured Concrete, Side Entrance, Unfinished, Walkout Stairs

Building

2,146 sqft living area, Built in 1935, Structure Type: End of Row/Townhouse, Wall & Ceiling Types: 9'+ Ceilings, High, Paneled Walls, 2 units in building, 2 levels in building, Dwelling w/Separate Living Area, Masonry

Cooling

Electric, Wall Unit

Expenses

Operating Expense: $662, Other Expense: $1,620, Trash Expense: $500, Insurance, Trash

Exterior Features

Sidewalks, Street Lights

Floors

Carpet, Laminated

Foundation

Brick/Mortar, Concrete Perimeter

Heating

Natural Gas, Radiator

Interior Features

Breakfast Area, Built-Ins, Carpet, Dining Area, Floor Plan - Traditional, Store/Office, Bathroom - Tub Shower

Lot

1,163 sqft, Lot Size Dimensions: 17.00 x 71.00, 0.03 acres, Corner

Property

Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Outdoor Living Structures: Balcony, View: Street, 1 two-bedroom unit

Roof

Flat, Rubber

Sewer

Public Sewer

Taxes

City/Town Tax: $739, City/Town Tax Pymnt Freq: Annually, School Tax: $941, School Tax Pymnt Freq: Annually, Tax Annual Amount: $1,681, Tax Year: 2024

Utilities

Electric Avg / Month: 400.0, Electric Prev 12 Months: 4800.0, Electric Service: 100 Amp Service, Circuit Breakers, Hot Water: Natural Gas, Water Avg / Month: 45.0, Electric Available, Natural Gas Available, Phone, Phone Available, Phone Connected, Sewer Available, Water Available

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2501 S HOBSON STREET

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