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    2214 South St Philadelphia, PA 19146

    For Sale
    $975,000

    Philadelphia retail & apartments, $975K

    Property size:
    2,736 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property at 2214 South Street in Philadelphia, Pennsylvania, offers a compelling investment opportunity. The 2,736 square foot building, constructed in 1915, sits on a 0.03-acre lot and features five units: four apartments (two studios and two one-bedroom units) and approximately 1,000 square feet of ground-floor commercial space currently occupied by a popular restaurant. The property is zoned CMX2, providing flexibility for future development. Located in the Graduate Hospital neighborhood of Southwest Center City, this location benefits from high foot traffic and proximity to major employers including Comcast, Aramark, Penn Medicine, CHOP, the University of Pennsylvania, and Drexel University. Easy access to Interstates 76, 676, and 95 provides excellent connectivity throughout the Philadelphia metropolitan area. The property's strong tenant base and prime location present a significant opportunity for value-add renovations to the residential units, potentially increasing rental income and repositioning the property as a luxury apartment building catering to young professionals. The asking price is $975,000, with a price per square foot of $356.36. The property's fee simple ownership provides complete control and potential for long-term growth. This is a rare chance to acquire a well-situated mixed-use asset in a thriving Philadelphia neighborhood. The property's APN is 871136650.

    Property Features for 2214 South St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,736 SF
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1915
    Units
    5

    HighLights

    • 2,736 SF mixed‑use building on a 0.03‑acre lot in Philadelphia's Graduate Hospital neighborhood.
    • Five units: four residential (two studios, two 1‑BR) and ~1,000 SF of ground‑floor commercial space (currently leased).
    • CMX‑2 zoning allows for flexible future development.
    • Excellent location near major employers (Comcast, Aramark, Penn Medicine, etc.) and major highways (I‑76, I‑676, I‑95).
    • $975,000 asking price ($356.36/SF). Fee simple ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Falafel Times Mediterranean Restaurant LibertyX Bitcoin ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1791443
    Latitude
    39.9451833

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    FAQs

    What type of property is this?
    Mixed-use property - Philadelphia retail & apartments, $975K
    Where is this mixed-use property located?
    The property is located at 2214 South St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 2,736 SF mixed-use building on a 0.03-acre lot in Philadelphia's Graduate Hospital neighborhood.; Five units: four residential (two studios, two 1-BR) and ~1,000 SF of ground-floor commercial space (currently leased).; CMX-2 zoning allows for flexible future development.
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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
    2214 South St Philadelphia, PA 19146
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