$125,000
$125,000
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3,069 SqFt
SOLD DATE : 09/23/2024
Key Details
Sold Price $125,000
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,069 sqft
Price per Sqft $40
Subdivision Tacony
MLS Listing ID PAPH2360160
Sold Date 09/23/24
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $5,053
Tax Year 2024
Lot Size 3,609 Sqft
Acres 0.08
Lot Dimensions 41.00 x 89.00
Property Description
Lot for sale right on the corner at the busy intersection of State Road & Cottman Avenue. Property comes with leases for 4 billboards and is currently being used as a lot for parking but can be developed. Conveniently situated Just off 95 Exit with massive traffic counts and exposure for your business.
This property is being sold as a package with a commercial/industrial property across the street (7309-7311 State Road) which is currently an auto body shop. The billboard leases are on a 10-year lease with built in increases (Year 1 $6,800, Years 2 & 3 $8,000, Years 4-7 $9,000, Years 8-10 $9,500). The seller would sell the building without the lot but would not sell the lot 1st.
Location
State PA
County Philadelphia
Area 19136 (19136)
Zoning I2
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 35.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway
Total Parking Spaces 35
Garage N
Building
Sewer No Sewer System
Water None
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 885994800
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with John H Katein IV • Century 21 Veterans-Newtown