7601 Ogontz Ave, Philadelphia, PA 19150

Property Description

COMING SOON – 7601 Ogontz Avenue | Mixed-Use Investment Opportunity Coming soon to the market: a well-maintained three-story mixed-use corner building on the Ogontz Avenue commercial corridor in West Oak Lane. Built in 1950, the property has approximately 3,600 sq ft and has been lovingly cared for by its owner. It is in essentially turnkey condition. The building offers two first-floor commercial spaces. The front space is large, with expansive storefront windows and an awning facing heavy daily traffic. The rear space is a separate (with it's own entry) generously sized commercial unit. Above are four one-bedroom, one-bath apartments with their own street entrance, all in great condition. Three apartments are occupied by long-term tenants on annual leases with a consistent on-time payment history, and one is vacant. Tenants pay their own utilities except water. A full basement houses all mechanicals, and the rear fire escape is in pristine condition. The stable residential income comes with built-in upside from the two vacant commercial spaces and the vacant apartment. Zoned CMX-2, the building also works for an owner-user who wants to run a business on site while tenants offset costs. The corner location has high visibility from both streets, and a rear alley provides service access. Property highlights: Three-story mixed-use corner building, approx. 3,600 sq ft, built 1950 Zoned CMX-2 Two first-floor commercial spaces, front and rear (both vacant) Four 1BR/1BA apartments in great condition 3 units occupied by long-term tenants on annual leases with consistent on-time payment, 1 vacant Tenants pay their own utilities except water Full basement with all mechanicals Rear fire escape in pristine condition Lot: 20 x 90 (1,800 sq ft) Annual taxes: $4,031 Turnkey condition, well maintained Professional photos and full details coming soon.