2501 S Hobson Street Philadelphia, PA 19142
Listing Courtesy of: BRIGHT IDX / Century 21 Advantage Gold / Phong Lam

  2501 S Hobson Street Philadelphia, PA 19142

Active (250 Days)
$349,500

Description

RARE OPPORTUNITY to own this very unique & LARGE Mixed-Use CORNER Store Front with 1 very spacious Apartment Unit upstairs with a balcony in the heart of Southwest Philadelphia! This property is located DIRECTLY across the street from the LARGE & BRAND NEW Amazon Distribution Center!!! This Deli has been operated by the Owner for over 41 years! Seller will transfer their “Eating Place (E) Liquor License” to the New Owner at the time of Settlement. Take advantage of this rare opportunity before it's gone! This Commercial Mixed-Use Property features a TOTAL of 2 bedrooms, 1 Full Bathroom & 3 Half Bathrooms! Commercial Store Front has a Half Bathroom at the rear of the store, & 2 more half bathrooms in the basement. Sellers are including ALL commercial equipment, refrigerators, freezers, shelves, tables, chairs, etc, but are EXCLUDING the store’s inventories (such as beers/liquors, deli meats, beverages, snacks, etc.). Entire store on 1st floor has very high ceilings & the property is very well-maintained throughout the years. There is a storage room at the rear of the property and a very large unfinished basement that holds all of the inventory, as well as the utility appliances (Hot Water Heater & Heating System). There are 2 Cellar doors at the side of the property that can easily transfer things into the basement for storage.You can enter the upstairs Apartment Unit on a separate side entrance of the building on Elmwood Avenue. 2nd Floor Apartment is very spacious & consists of 2 good-sized Bedrooms, 1 Full Bathroom, Living Room, Dining Room & a Kitchen! It has nice NEW laminate floors T/O the 2 Bedrooms, Dining Room & Kitchen & new carpets in the Living Room, Hallway & Stairs! ALL Laminate Floors & Carpets have been newly installed in February 2023! Full Hallway Bathroom consists of a single vanity, toilet & tub! Kitchen has a gas stove/range and also a washer hook-up. Upon exiting the Kitchen, you’ll enter a good-size Balcony overlooking Elmwood Ave. & the Amazon Warehouse! Sellers had replaced ALL BRAND NEW Windows for the upstairs apartment in Feb. 2023!Plenty of natural lights shining T/O entire Apartment to help you save on energy bills! You can gain access to the Unfinished Basement from inside the store, OR from either of the 2 metal sidewalk cellar doors at the side of the Store on Elmwood Ave.Start off your new home, business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. Seller is discontinuing their Business Name after Settlement. Any potential Buyers who would like to continue to run this same type of business may do so at their own expense with a NEW Business Name of their choice. Sellers are willing to provide 2 weeks of training for how to run the business if potential Buyer chooses to do so.IF renting out the Commercial space, Commercial rents can be projected to bring in over $2,000-$2,500/mo. in the area and the Apartment Unit can be projected to bring in $1,200-1,400/mo. for rent! Owner pays water ( $45/mo.), electric ( $400/mo.), gas ( $40/mo.), Trash ( $500/yr. for Commercial), & Business Telephone ( $135/mo.). Owner owns the Fire Alarm system. Live in 1 Unit & Rent out the other to help cover your mortgage & potentially earning some cash flows OR continue to run the same business & live right upstairs OR open up your own business! So your investment possibilities are endless w/ this very large CORNER Mixed-Use Property! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed). Septa bus / trolley stops & public transportation are easily accessible in the area! Close to supermarkets, stores, gyms, restaurants, parks, & minutes from Penrose Plaza Shopping Center! Easy access to all major highways! Minutes away from Philly Airport, Auto Mall, Universities, Center City, & many more! Get an offer in quickly before it's gone!!

MLS #:
PAPH2274284
Taxes
$1,681(2023)
Lot Size
1,163 SQFT
Type
Multifamily
Year Built
1935
Style
Other, Dwelling W/Separate Living Area
School District
The School District of Philadelphia
County
Philadelphia County

Listed By

Phong Lam, Century 21 Advantage Gold
Source
BRIGHT IDX
Last checked May 20 2024 at 3:47 PM GMT+0000
Bathroom Details
Interior Features
  • Dining Area
  • Built-Ins
  • Walls/Ceilings: High
  • Washer/Dryer Hookups Only
  • Freezer
  • Walls/Ceilings: Paneled Walls
  • Other
  • Built-In Range
  • Store/Office
  • Carpet
  • Walls/Ceilings: 9'+ Ceilings
  • Floor Plan - Traditional
  • Oven/Range - Gas
  • Water Heater
  • Tub Shower
  • Breakfast Area
Subdivision
  • Elmwood Park
Lot Information
  • Corner
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Concrete Perimeter
  • Foundation: Brick/Mortar
Heating and Cooling
  • Radiator
  • Wall Unit
Basement Information
  • Outside Entrance
  • Unfinished
  • Full
  • Side Entrance
  • Walkout Stairs
  • Poured Concrete
  • Interior Access
  • Drain
Flooring
  • Laminated
  • Carpet
Exterior Features
  • Masonry
  • Roof: Rubber
  • Roof: Flat
Utility Information
  • Utilities: Electric Available, Phone, Sewer Available, Water Available, Natural Gas Available, Phone Available, Phone Connected
  • Sewer: Public Sewer
  • Fuel: Natural Gas
School Information
  • Elementary School: Patterson John
  • Middle School: Tilden Wm
  • High School: Bartram John
Living Area
  • 2,146 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 20, 2024
Price Changed
$349,500
-7%
-25,400
Jan 30, 2024
Price Changed
$374,900
-5%
-20,000
Dec 11, 2023
Price Changed
$394,900
-1%
-5,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/20/24 08:47