2042 Rittenhouse SqPhiladelphia, PA 19103

This exceptional three-unit mixed-use property, located at 2042 Rittenhouse Square in Philadelphia, PA 19103, presents a rare investment opportunity. The 2,625 square foot building, constructed in 1900, sits on a 0.03-acre lot and boasts three stories. Currently vacant, it offers flexible CMX-1 zoning, allowing for diverse uses. Imagine transforming this property into a single-family townhome, a multi-unit residential building with an owner's unit, a lucrative triplex, a multi-generational living space, or a live-work space with commercial office space on the first floor and residential units above. The existing configuration includes first-floor commercial space and two residential apartments on the upper floors. The property features excellent "bones" and a deep lot, though renovation and updating are needed. By-right roof deck potential exists, either as a third-floor walk-out or a fourth-floor addition. There's also potential to expand the third-floor interior square footage. This charming property is situated on a desirable tree-lined block in Center City, offering convenient access to amenities. Garage parking is available within a single block. A qualified tenant is available for the first-floor commercial space, contingent upon acquisition. The asking price for this fee-simple ownership opportunity is $975,000.