Investment opportunity at 157 S 60th Street featuring two fully occupied commercial units with triple-net leases in place and $38,400 in annual rental income at a 12.8% cap rate. Situated on a corner lot with CMX-3 zoning, the property offers flexibility for investors seeking immediate cash flow, a future owner-user, or buyers considering long-term repositioning or redevelopment. The combination of existing income, corner exposure and versatile zoning presents a variety of potential ownership strategies.
| MLS # | PAPH2661914 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1915 |
| Days On Site | 49 |
| Listing Provided By | KW Empower | Eric Woodhead |
| Story(s) | 2 |
|---|---|
| Units | 2 |
| Zoning | CMX3 |
| Acreage | 0.03 |
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central, Forced Air |
| Construction Materials | Masonry |
|---|---|
| Lot Features | Corner |
| Garage Yes / No | No |
|---|---|
| Parking Features | Public |
| Tax Annual Amount | 2483 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19139) | |
Price: $299,000 low | high Med: $168,000 On site: 49 low | high Med: 126 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19139) | |
Price: $299,000 low | high Med: $168,000 On site: 49 low | high Med: 126 | |