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    128 Lombard St Philadelphia, PA 19147

    For Sale
    $625,000

    Historic Philadelphia retail/residential

    Property size:
    2,441 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use property, located at 128 Lombard Street in Philadelphia's prestigious Society Hill neighborhood, presents a unique investment opportunity. The 2,441 square foot building, constructed in 1800, sits on a 0.03-acre lot and is zoned CMX2. The property boasts a charming blend of residential and commercial space. Currently, it features a luxurious two-bedroom, two-bathroom apartment with high-end finishes including stone countertops, stainless steel appliances, upgraded fixtures, and a private outdoor area. In addition, there is approximately 800 square feet of office space, offering potential for significant rental income enhancement through upgrades. The building's prime location offers unparalleled access to major transportation arteries, including Interstates 95, 76, and 676, and Delaware Avenue, providing convenient commutes throughout the Philadelphia metropolitan area. Society Hill's renowned affluence, historic charm, and proximity to acclaimed restaurants like Pizzeria Stella and Zahav further enhance the property's desirability and investment potential. The fee simple ownership offers complete control and upside potential. The asking price is $625,000, translating to $256.04 per square foot. The property's APN is 871508230. This turnkey asset is ready for a new owner to capitalize on its inherent value and strong location.

    Property Features for 128 Lombard St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,441 SF
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1800

    HighLights

    • $625,000 asking price for this mixed‑use property.
    • 2,441 square feet on a 0.03‑acre lot in Philadelphia, PA.
    • $256.04 per square foot.
    • Built in 1800, with CMX2 zoning.
    • Fee simple ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Geri's Cleaning Services ... Cleaning Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1449161
    Latitude
    39.941997

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Philadelphia retail/residential
    Where is this mixed-use property located?
    The property is located at 128 Lombard St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: $625,000 asking price for this mixed-use property.; 2,441 square feet on a 0.03-acre lot in Philadelphia, PA.; $256.04 per square foot.
    Request Owner's contact information
    128 Lombard St Philadelphia, PA 19147
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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
    128 Lombard St Philadelphia, PA 19147
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