8419 Torresdale Avenue Philadelphia, PA $ 325,000
8419 Torresdale Avenue
$ 325,000
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8419 Torresdale Avenue

Philadelphia, PA, 19136
$ 325,000
Baths0.0 Sq 2,000

Monthly Estimate*

$ 2,160

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Studio

Commercial Property for sale in Philadelphia, PA

for $325,000. This 2,000 square foot building was built in 1925 on a lot size of 0.11.

8419 Torresdale Ave presents a unique and versatile commercial mixed-use building in the heart of an vibrant community. The ground floor of this property is home to the esteemed Tate's Restaurant, a popular dining establishment known for its culinary excellence and inviting ambiance. With a prime location on Torresdale Ave, the restaurant enjoys high visibility and foot traffic, making it an ideal spot for attracting both locals and visitors. The ground floor space features a well-designed layout, combining functionality with an aesthetic appeal that enhances the overall dining experience. Tate's Restaurant boasts a welcoming entrance, stylish decor, and a spacious dining area that caters to a diverse clientele. The kitchen is equipped with modern appliances and facilities, ensuring efficiency in food preparation and service. Above the bustling restaurant lies a private 2-bedroom residential apartment, providing a cozy and comfortable living space. The apartment is thoughtfully designed with contemporary finishes, creating a warm and inviting atmosphere. Residents can enjoy the convenience of living just above the lively restaurant while maintaining a sense of privacy. This commercial mixed-use building offers a prime investment opportunity, capitalizing on the success of Tate's Restaurant and the desirability of the 2-bedroom residential unit. The property's strategic location, coupled with the dual-use design, makes it an attractive prospect for investors seeking a dynamic and income-generating asset in a thriving neighborhood. Whether you're interested in the culinary scene or looking for a mixed-use property with potential for both commercial and residential income streams, 8419 Torresdale Ave stands as a compelling and versatile real estate opportunity.

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Commercial Pending

Price

$ 325,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,262

Style

Restaurant/Bar

Lot Size

0.11

Year Built

1925

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2311224

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Total Stories 2
Heating Y/N Y
Street Suffix AVENUE
Central Air Y/N N
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General
Sewer Public Sewer
Heating Forced Air
Cooling Ceiling Fan(s) Wall Unit
Possession Immediate
Zoning CMX2
Construction Materials Masonry
Exclusions TENANTS PERSONAL PROPERTY
Year Built 1925
Property SubType Mixed Use
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel None
Municipality PHILADELPHIA
Business Type Restaurant/Bar
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status PENDING
Directions PLEASE USE GPS
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 2
MLS Area 19136 (19136)
Lot Size Square Feet 4875.00
Waterfront Y/N N
Street Name TORRESDALE
Tax Annual Amount 3262.0
Price Per Sq Ft 164.47
Vacation Rental Y/N N
Days on Market 36
Standard Status Pending
Year Built Source Assessor
Tax Lot 17
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking Private Garage Driveway
Water View Y/N N
Building Area Total 1976.00
Lot Dimensions 25.00 x 195.00
Lot Size Acres 0.11
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 46620.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 8419
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* Excluded Features
List By
Re/Max Access

Broker

cpthude@gmail.com

Email

Affordability Calculator

$2,432
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,160
Monthly Property Taxes
$272
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/7/2024$325,000 -7.12% Price Down
1/9/2024$349,900 Listed Price

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8419 Torresdale Avenue, Philadelphia, PA, 19136 is a Commercial Property for sale at $325,000 with 2,000 sqft and a lot size of 0.11. 8419 Torresdale Avenue is a studio with 0.0 baths and was built in 1925. The property's zip code is 19136 which is in Philadelphia, PA