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1025 N 66th St 1,470 SF Vacant Office Building Philadelphia, PA 19151 $325,000 ($221.09/SF) 7.38% Cap Rate



Investment Highlights
- Commercial storefront plus a two bedroom apartment creates the opportunity for multiple revenue streams.
- Prominent corner positioning at 66th Street and Malvern Avenue provides excellent exposure for an owner operated business.
- Flexible neighborhood commercial mixed-use zoning supports a broad range of potential business and residential uses.
- Full length basement with separate exterior access plus architectural plans gives investors additional options for renovations.
Executive Summary
Welcome to 1025 N. 66th Street, Philadelphia, PA 19151, a highly visible corner mixed use property offering the combination investors and entrepreneurs look for: commercial space, residential income potential, valuable outdoor space, a full height basement, and architectural plans included with the sale. Join us for an Open House on Saturday, August 29th, and Saturday, September 5th, from 10:00 AM to 1:00 PM and experience firsthand the possibilities this unique property has to offer.
Located in the Overbrook area of West Philadelphia, this well-maintained property gives the next owner the flexibility to operate a business, generate rental income, or create a combination of both. The first-floor commercial storefront, most recently operated as a successful hair salon, offers excellent street presence and is ready for its next business concept.
Subject to applicable zoning, licensing, and municipal approvals, potential uses may include:
• Hair Salon or Beauty Studio
• Barbershop
• Professional Office
• Medical or Wellness Office
• Daycare or Childcare Center
• Boutique Retail Store
• Tax or Financial Services Office
• Insurance or Real Estate Office
• Consulting Firm
• Creative Studio
• Neighborhood Café
• Specialty Retail
• Personal Care Services
• Other Permitted Commercial Uses
The second floor features a spacious two-bedroom apartment, creating an immediate opportunity for additional income. Lease the apartment to help offset ownership expenses or occupy it yourself while operating your business downstairs. For an investor, the residential and commercial components provide the potential for multiple income streams from one property.
The generous corner lot also includes a large side yard, adding another dimension to the property. Depending on the intended use and required approvals, the space could become an attractive outdoor seating area, landscaped green space, customer gathering area, children's play area, or simply an impressive extension of the property's curb appeal.
Downstairs, the full height basement with high ceilings and a separate point of egress provides valuable additional functionality. It could support the commercial operation with storage, inventory, equipment, workspace, records, or other complementary business uses, subject to applicable requirements.
Adding even more value, the seller is including professionally prepared architectural plans with the sale. For a buyer considering renovation, modernization, expansion, or reconfiguration, having plans already prepared provides a significant head start and could save valuable time and initial design expense.
Own the building. Operate your business. Generate rental income. Utilize the basement. Transform the outdoor space. Build additional value.
Whether you are an entrepreneur ready to stop paying rent to someone else, an investor looking for multiple potential income streams, or an owner occupant seeking a property that can work as hard as you do, 1025 N. 66th Street offers a rare combination of visibility, flexibility, income potential, and long term opportunity.
Located in the Overbrook area of West Philadelphia, this well-maintained property gives the next owner the flexibility to operate a business, generate rental income, or create a combination of both. The first-floor commercial storefront, most recently operated as a successful hair salon, offers excellent street presence and is ready for its next business concept.
Subject to applicable zoning, licensing, and municipal approvals, potential uses may include:
• Hair Salon or Beauty Studio
• Barbershop
• Professional Office
• Medical or Wellness Office
• Daycare or Childcare Center
• Boutique Retail Store
• Tax or Financial Services Office
• Insurance or Real Estate Office
• Consulting Firm
• Creative Studio
• Neighborhood Café
• Specialty Retail
• Personal Care Services
• Other Permitted Commercial Uses
The second floor features a spacious two-bedroom apartment, creating an immediate opportunity for additional income. Lease the apartment to help offset ownership expenses or occupy it yourself while operating your business downstairs. For an investor, the residential and commercial components provide the potential for multiple income streams from one property.
The generous corner lot also includes a large side yard, adding another dimension to the property. Depending on the intended use and required approvals, the space could become an attractive outdoor seating area, landscaped green space, customer gathering area, children's play area, or simply an impressive extension of the property's curb appeal.
Downstairs, the full height basement with high ceilings and a separate point of egress provides valuable additional functionality. It could support the commercial operation with storage, inventory, equipment, workspace, records, or other complementary business uses, subject to applicable requirements.
Adding even more value, the seller is including professionally prepared architectural plans with the sale. For a buyer considering renovation, modernization, expansion, or reconfiguration, having plans already prepared provides a significant head start and could save valuable time and initial design expense.
Own the building. Operate your business. Generate rental income. Utilize the basement. Transform the outdoor space. Build additional value.
Whether you are an entrepreneur ready to stop paying rent to someone else, an investor looking for multiple potential income streams, or an owner occupant seeking a property that can work as hard as you do, 1025 N. 66th Street offers a rare combination of visibility, flexibility, income potential, and long term opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,470 SF
Building Class
C
Year Built/Renovated
1925/2022
Price
$325,000
Price Per SF
$221.09
Cap Rate
7.38%
NOI
$24,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
735 SF
Zoning
CMX2 - Commercial
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 871546870 | Improvements Assessment | $105,520 |
| Land Assessment | $26,380 | Total Assessment | $131,900 |
Property Taxes
Parcel Number
871546870
Land Assessment
$26,380
Improvements Assessment
$105,520
Total Assessment
$131,900
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1025 N 66th St
