Mixed-Use Building with Restaurant
For Sale
$650,000
2721 E SOMERSET STREET, Philadelphia, PA 19134
Two occupied one-bedroom apartments sit above a ground-level commercial unit in a building constructed in 1915.
Property SizeContact for details
Days on Market9
Property Features for 2721 E SOMERSET STREET
General Information
Standard status
Active
Property subtype
MixedUse
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,003
Building Details
Year Built
1915
Listing Agency:
RE/MAX Access
Listed By:
Steven Osiecki · License #RM420757
(215) 400-2617
Source:
Lizclarkrealestate
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 21 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Access
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Investment Insights
Based on property information with market context.
This Philadelphia mixed-use property combines a ground-floor commercial space with two apartments above. Each apartment has one bedroom and one full bathroom, and both are occupied. The building dates to 1915.
The commercial unit has operated as a luncheonette since 1953. The owners are willing to train a new operator, and the space offers flexibility for business use.
The commercial unit has operated as a luncheonette since 1953. The owners are willing to train a new operator, and the space offers flexibility for business use.
Key Highlights
- Ground‑floor commercial space operated as a luncheonette since 1953
- Two occupied apartments, each with one bedroom and one full bathroom
- Owners willing to train a new operator
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
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Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied one-bedroom apartments sit above a ground-level commercial unit in a building constructed in 1915.
Where is this mixed-use property located?
The property is located at 2721 E SOMERSET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Ground‑floor commercial space operated as a luncheonette since 1953; Two occupied apartments, each with one bedroom and one full bathroom; Owners willing to train a new operator
