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Patrick Smith

patricksmith.sales@gmail.com +1(202) 255-4704

Listed by Rachel Street • Compass Pennsylvania, LLC

$ 750,000

Est. payment | -/mo

954 Sqft Lot

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$ 750,000

Est. payment | -/mo

Save

954 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Coming Soon

Purchase Type For Sale

Subdivision Passyunk Square

MLS Listing ID PAPH2638500

Year Built 1920

Available Date 2026-06-23

Annual Tax Amount $1,175

Tax Year 2025

Lot Size 954 Sqft

Acres 0.02

Lot Dimensions 18.00 x 60.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Coming Soon! Take advantage of this incredible opportunity to own a commercial income-generating property in one of the hottest areas of the city! This mixed-use building is located in the heart of Passyunk Square, just steps from Passyunk Ave and in the middle of all of the shops, cafes, and restaurants and more that this amazing community has to offer. The commercial space is located on the first floor and is currently set up as a hair and nail salon, which has been in business and thriving for over 22 years- a testament to the stability and the prime location of this property. The business is not included in the sale of the property (building only) and the current renewal term of the commercial lease expires in February 2027, allowing a potential buyer to use the commercial space for their own business- or continue leasing and collect the rent. The unique position of the building allows for maximum frontage along Reed Street (which enjoys a lot of foot traffic) and a more private entrance to the 2nd floor apartment on Alder Street. There is ample street parking in front of the building, as well as in the large ACME shopping plaza across the street, which makes it convenient for people patronizing the business. The commercial space spans the 1st floor and the basement, which has a large door with a steps and a ramp to the exterior yard, providing easy access for storage or more. It also already has a ramp installed to the entrance of the commercial space, which avoids one of the more expensive accessibility modifications that many business have to resolve. On the second floor you'll find a bright and sunny two-bedroom apartment, with hardwood floors, several closets, full 3 piece bathroom, and washer and dryer. This apartment was previously occupied by the owner and is now vacant, in case the buyer would like to occupy it. If not, it is in impeccable shape and is ready to rent- and rentals in Passyunk go extremely quickly. In an extremely walkable location, within two blocks of the property you'll find a large supermarket, post office, pharmacy, dog park and playground, gym, as well as many restaurant and shops. Close to public transportation, easy access to major roadways and only 3 blocks from the Broad Street subway line, this location can't be beat! Showings will start on 6/23.

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning CMX1

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Central A/C

Flooring Ceramic Tile, Hardwood

Inclusions apartment appliances- washer, dryer, stove, microwave, and dishwasher

Heat Source Natural Gas

Exterior

Water Access N

Accessibility Mobility Improvements, Ramp - Main Level

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871501950

Ownership Fee Simple

Special Listing Condition Standard

Schools and Properties Nearby

Learn More About LPT Realty

Patrick Smith

Realtor | License ID: 658929

patricksmith.sales@gmail.com

+1(202) 255-4704

1013 REED ST Philadelphia, PA 19147

Patrick Smith

Key Details

Location

Interior

Exterior

Building

Schools

Others

Learn More About LPT Realty

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1013 REED ST