1901 N 23rd St 2,850 SF 100% Leased Retail Building Philadelphia, PA 19121 $199,000 ($69.82/SF)

Exceptional Investment Opportunity in One of Philadelphia’s Fastest-Growing Neighborhoods! Positioned near the vibrant communities of Brewerytown and Strawberry Mansion, this expansive 2-story corner property boasts 2,850 square feet and comes with approved zoning for a total of five units. It's the ideal foundation for a high-potential mixed-use development. Blueprints are already in place for a smartly designed configuration featuring two commercial spaces on the ground level and three residential apartments above—one 1-bedroom unit and two 2-bedroom units. Currently in shell condition, the property is ready for a full renovation, offering a blank canvas for investors or developers to bring their vision to life. Whether you plan to build a lucrative rental portfolio, renovate for resale, or create a hybrid live-work space, this property provides outstanding flexibility and multiple exit strategies. An owner-occupant could choose to live in one of the residential units while collecting rent from the others to offset monthly expenses. Likewise, business owners could operate out of one of the commercial spaces and use the rental income from the residential units to lower overhead costs. Located in an area experiencing strong development and appreciation, this is a strategic purchase for anyone looking to capitalize on growth. Zoning approvals and blueprints are already in place, making it easier to start construction quickly. Don’t miss this chance to secure a promising asset in a neighborhood with tremendous upside. Schedule your private tour today!