Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement
Value estimations
Owner & transaction history
Zoning & alternative use
CMX-2 Neighborhood Commercial Mixed-Use-2 C-2 RC-1 RC-2 OC CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CMX2 · Philadelphia, PACMX-2 Neighborhood Commercial Mixed-Use-2 C-2 RC-1 RC-2 OC CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CMX2 in Philadelphia, PA.
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