For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $560,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2249374
Sold Date 01/22/24
Originating Board BRIGHT
Year Built 1953
Annual Tax Amount $7,698
Tax Year 2023
Lot Size 3,365 Sqft
Acres 0.08
Lot Dimensions 25.00 x 135.00
Property Description
1309 Cottman Ave is a beautiful bi-level building that could be great for an investor's next purchase. This building is 100% leased out, recently renovated and at a 10.3% CAP RATE!! Lease is in place through 2026. Located on Cottman Ave, this property is on one of the main roads in the Northeast Philadelphia sub-market, which has a high traffic count, as well as, a strong VPD. Whether you are an investor looking for your next property, or an owner-user looking for a home for your business, you shouldn't pass up on this opportunity. Please reach out for more information or a private tour!
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882926575
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Suqing Fan • Triamond Realty
GET MORE INFORMATION