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Koy Banks

koybanks@gmail.com +1(202) 528-3878

Listed by Peter Han • PK PROPERTY INC.

$ 950,000

Est. payment -/mo

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Active

4705 FRANKFORD AVE Philadelphia, PA 19124

1,574 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision None Available

MLS Listing ID PAPH2530758

Year Built 1930

Annual Tax Amount $1,902

Tax Year 2025

Lot Size 1,574 Sqft

Acres 0.04

Lot Dimensions 18.00 x 87.00

Property Sub-Type Retail

Source BRIGHT

Property Description

Right in front of a major city subway station, in a busy area with lots of people and cars, this three-story building has a basement. The first floor is a well-equipped beer deli, with current weekly sales of $19,000. It's run by three family members. Electricity, gas, and water bills are $1,000 per month, and building and business insurance is $5,000 per year. NO Food , beer accounts for nearly 90% of seller's sales. The remaining 10% is candy, potato chips and other snacks. sell a lot of loose beer so very profitable. There's a metal fence behind the building and can park one or two cars there. The second and third floors are occupied by four-bedroom apartments. 1 unit , If you lived on the second and third floors and operated the business , you could expect a net income of $280,000 per year. Dividing the $950,000 price byreal estate and business , $350,000 for the building and $600,000 for the beer license and business

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Inclusions Equipment& Furniture & Philadelphia County beer License ( E) for beer deli

Heat Source Electric

Exterior

Garage Spaces 1.0

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available

Water Access N

Accessibility 2+ Access Exits, Level Entry - Main

Total Parking Spaces 1

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871112200

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash,Conventional,Exchange

Special Listing Condition Standard

Koy Banks

Broker Associate | License ID: 603756

+1(202) 528-3878

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Koy Banks

4705 FRANKFORD AVE Philadelphia, PA 19124

Key Details

Location

Interior

Exterior

Building

Schools

Others

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4705 FRANKFORD AVE