PA
PHILADELPHIA
PHILADELPHIA
19146
2214 SOUTH STREET
2214 SOUTH STREET, PHILADELPHIA, PA 19146
Listing Type
Commercial/Industrial
Listing Status
active
9
$965,000

Home Details for 2214 SOUTH STREET

Price
$965,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Year built
1915
Lot size acres
0.03
County
PHILADELPHIA
Garage
Days on site
128
MLS Listing#
PAPH2415958
Listing Courtesy: TCS Management, LLC - 215-383-1439
Property Description

On behalf of Ownership, GREA is pleased to exclusively offer the opportunity to acquire the fee simple interest in 2214 South Street located in the Graduate Hospital section of Southwest Center City Philadelphia. The property comprises 4 apartment units with (2) studio and (2) one-bedroom floor plans. In addition, there is ±1,000 square feet of commercial space on the ground floor occupied by Falafel Time, a popular restaurant featuring quick service dishes with a Middle Eastern twist. The South Street property presents new ownership with the opportunity to perform a value-add renovation plan to the apartment units and common hallways to increase rents. The property would then be repositioned to a luxury apartment product that attracts young professionals looking for proximity to Center City Philadelphia at an affordable price point. In the middle of it all, the property serves a growing tenant base looking for a location surrounded by restaurants, cafes, boutique shops, and nightlife. Tenants can run, walk, or ride their bikes on the popular Schuylkill River Trail, access University City via the South Street Bridge, or stroll into Center City in minutes. The property is located minutes from major highway routes such as Interstates 76, 676, and 95 presenting unparalleled access throughout the Philadelphia MSA. Furthermore, tenants are a short walk into Center City and University City, home to major employers such as Comcast, Aramark, Penn Medicine, CHOP, the University of Pennsylvania, and Drexel University. 2214 South Street provides new ownership with the prospect of acquiring a quality, mixed-use property that both has and will continue to perform well into the future.

Property Features
  • Cooling Information
    • Central Air
    • Electric
  • Heating Information
    • Natural Gas
    • Central
  • Water Features
    • Public
  • Parking
    • On Street
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Last Updated: 2025-01-28 20:16:56
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EXIT ELEVATE REALTY
1450 Grays Ferry Ave. 1st Floor, Philadelphia, PA 19143
Office
215 623 6000
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