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    3847 Terrace St Philadelphia, PA 19128

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    For Sale
    $564,900

    Mixed-use property in a high-demand neighborhood with retail and residential.

    Property size:
    2,918 SF
    Lot size:
    0.04 Acres

    Property Features for 3847 Terrace St

    General Information

    Size
    2,918 SF
    Lot size
    0.04 Acres

    Building Details

    Year built
    1900

    Source: KW Empower Agent Aimee Alexander

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Manayunk Mixed-Use Investment Opportunity

    Located blocks from Main Street and Ridge Avenue, this 2,918-square-foot mixed-use property in Manayunk offers an investment opportunity. The property combines residential and retail space. The first floor features a retail space, previously a restaurant tavern, with a commercial kitchen space and hood system, walk-in cooler, bar layout, and seating for 40-60 patrons. The property has the potential to acquire a liquor license, sold separately, allowing for full-service alcohol service, including outdoor seating. The CMX1 zoning permits uses including a deli/grocery store, daycare facility, boutique, financial services, pet store, or medical practice. Above the retail space, the second and third floors each contain a newly renovated 1-bedroom apartment featuring new flooring, stainless steel appliances, and new bathrooms. The property is located in a high-demand, thriving neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Loft Lounge Hookah Bar

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.21243
    Latitude
    40.02071

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in a high-demand neighborhood with retail and residential.
    Where is this mixed-use property located?
    The property is located at 3847 Terrace St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $564,900.
    What are key features of this property?
    This property features: - Prime corner location in the highly desirable Manayunk neighborhood, close to Main Street and Ridge Avenue retail and dining.; - Mixed-use property with first-floor retail space and two newly renovated 1-bedroom apartments, offering diverse income streams.; - Retail space includes a commercial kitchen with hood system, walk-in cooler, and bar layout, previously a successful restaurant.
    (610) 947-0408
    Request Owner's contact information
    3847 Terrace St Philadelphia, PA 19128
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    Philadelphia, PA 19128
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3847 Terrace St Philadelphia, PA 19128
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