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Key Details
Sold Price $560,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2249374
Sold Date 01/22/24
Originating Board BRIGHT
Year Built 1953
Annual Tax Amount $7,698
Tax Year 2023
Lot Size 3,365 Sqft
Acres 0.08
Lot Dimensions 25.00 x 135.00
Property Description
1309 Cottman Ave is a beautiful bi-level building that could be great for an investor's next purchase. This building is 100% leased out, recently renovated and at a 10.3% CAP RATE!! Lease is in place through 2026. Located on Cottman Ave, this property is on one of the main roads in the Northeast Philadelphia sub-market, which has a high traffic count, as well as, a strong VPD. Whether you are an investor looking for your next property, or an owner-user looking for a home for your business, you shouldn't pass up on this opportunity. Please reach out for more information or a private tour!
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882926575
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Suqing Fan • Triamond Realty
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