Welcome to 1600 East Passyunk Avenue. This 3-story, 3 unit mixed-use property sits at the bustling intersection of East Passyunk Avenue and Tasker Street with views of the Singing Fountain and is surrounded by some of the city’s best restaurants and local shopping. The asset is zoned CMX-2, anchored by a long-standing men’s clothing store (Metro), and features two renovated two-bedroom units. This is a prime investment property that offers short-term value add with flexible leases and under-market rents, while adding major value for long-term holders considering its unique positioning in one of the best neighborhood commercial corridors in Philadelphia. Rents: unit 1 (commercial) $3,050/mo Gross, lease expiration 3/31/24, unit 2 (two bedroom, one bath) $1,942/mo, lease expiration 5/31/22, unit 3 (two bedroom, one bath) $1,500/mo, lease expiration 4/15/22.
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Courtesy of: MSC Retail, Inc. Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 18th May, 2022 8:53 AM (UTC)
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