500 S 52nd St,PHILADELPHIA, PA 19143
PHILADELPHIA, PA 19143
Description
Welcome to 500 S 52nd Street, a fully stabilized, mixed-use investment property prominently situated on the highly visible corner of S 52nd Street and Larchwood Avenue in the heart of Cobbs Creek in West Philadelphia. Originally renovated to a high standard in 2018, this turnkey asset consists of four fully leased units, including a popular neighborhood café occupying the entire ground floor and three residential apartments above. The commercial space is leased to Toast Café, a well-established local business that serves as a neighborhood destination, while the upper floors feature two one-bedroom apartments and one two-bedroom apartment, all currently occupied, providing immediate and diversified cash flow. Positioned on a prominent corner, the property benefits from excellent visibility, strong pedestrian activity, and an attractive architectural presence enhanced by a celebrated exterior mural. The mural is protected by a recorded easement and will remain a permanent feature of the property, contributing to its unique identity and neighborhood character. Located within one of West Philadelphia's most dynamic corridors, 500 S 52nd Street is surrounded by aneclectic mix of restaurants, cafés, neighborhood retail, and dense residential housing, with convenient access to University City, Center City Philadelphia, SEPTA transit, and major employment centers. Offering stable in-place income, minimal near-term capital needs, and an irreplaceable corner location, 500 S 52nd Street represents an exceptional opportunity for investors seeking a well-maintained, turnkey mixed-use asset in one of Philadelphia's strongest urban investment markets. INVESTMENT HIGHLIGHTS» » Fully stabilized 4-unit mixed-use investment» » Complete renovation completed in 2018» » Fully leased with immediate cash flow» » Ground floor leased to Toast Café» » Three apartments above (two 1-bedroom units and one 2-bedroom unit)» » Prominent, highly visible corner location» » Protected exterior mural adds lasting architectural character» » Strong West Philadelphia location near University City, public transit, shopping, and neighborhood amenities» » Turnkey asset requiring minimal near-term capital investment
Details
| MLS # | PAPH2663744 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract-bright |
| Year | 1925 |
| Days On Site | 30 |
| Listing Provided By | Mallin Panchelli Nadel Realty Inc | Nadia T Bilynsky |
Features
| Units | 4 |
|---|---|
| Zoning | CMX2 |
| Acreage | 0.03 |
Interior
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Stone, Stucco, Vinyl Siding |
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 5528 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | COBBS CREEK |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in COBBS CREEK) | |
Price: $725,000 low | high Med: $192,000 On site: 30 low | high Med: 276 | |
Market Activity 19143
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | COBBS CREEK |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in COBBS CREEK) | |
Price: $725,000 low | high Med: $192,000 On site: 30 low | high Med: 276 | |
