tomo logo

$700,000

Beds
Unknown
sq ft
6,708

3956 N 16th St, Philadelphia, PA 19140

3956 N 16th St

Philadelphia, PA 19140

  • 55 days on market
Introducing a prime commercial opportunity at 3956-62 N 16th Street, Philadelphia. This expansive warehouse spans 6,708 square feet and boasts some recent updates. Previously utilized as a church, the property features two very large rooms along with numerous smaller rooms, offering versatile potential for various uses such as event space, a church, or daycare facility. Situated just half a block from Germantown Avenue near Broad Street, the location offers excellent visibility and accessibility. With a concrete floor and considerable rental income potential, this newly available commercial property presents an enticing investment opportunity.

Details

Property type

Est. home value

$600,644

Lot size

6,708 sq ft

Price per sq ft

$105

Year built

1930

Annual property taxes

$5,352

Price History

04/08/2024
BrightMLS

BrightMLS #PAPH2340476

Listed
$700,000

Schools & Community

Neighborhood: 

Tioga

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

Response time: 20 min or less

or text or call (404) 738-5385

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Interbay Funding Llc

Loan start date

December 2003

Original loan amount

$110,000

Est. remaining balance

Not provided

Interest rate

6.05%

Loan type

Commercial, 21 year

Seller

Dorothy Cunningham and Andrea Byrd

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 06/02/2024 at 5:40 PM

Listing updated: 05/18/2024 at 2:14 PM

Listed by: Moshe Adika, TCS Management, LLC Phone #: (215) 383-1439

MLS: BrightMLS #PAPH2340476

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