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$599,000
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Property Description
Available now, mixed-use property at 128 Lombard Street (the "Property" or "Asset") situated in the affluent Society Hill neighborhood of Philadelphia. The Asset is comprised of an existing two-bedroom/two-bath apartment unit and 800± square feet of office space. The apartment unit boasts luxury finishes including stone countertops, stainless steel appliances, upgraded fixtures, and a private outdoor space. The Asset presents the opportunity to acquire a building with unparalleled character in a high-quality location. This is a turnkey asset allowing a new owner the opportunity to upgrade the office space and command a rental premium over the prior in-place rent. The Society Hill neighborhood is well known for its affluence and picturesque brownstones. It is one of the most historic and protected areas in the city maintaining its old-world charm dating back to the founding fathers. The Property is located minutes from major transportation routes including Interstates 95, 76, and 676 and Delaware Avenue, providing daily commuters access to the entire Philadelphia MSA. Current and future tenants are steps from award-winning restaurants such as Pizzeria Stella, Zahav, Bridget Foy's, and Bloomsday.
Full Property Details
Full Property Details for 128 Lombard St
General
- Price: $599,000
- Taxes: $7,847 (2024)
- Status: Active
- Type: Retail
- Source: BrightMLSPhilly
- MLS ID: PAPH2415898
- Updated: 11/14/2024
- Added to Site: 74 day(s) ago
Business
- Business Type: Other/General Retail
Parking
- Parking Type: None
Location
- Area: 19106 (19106)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Old City
- Subdivision: Old City
- Driving Directions: Located in Head House Square
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Foundation: Stone
- Stories/Levels: 0
- Year Built: 1800
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,197
- Lot Size Source: Assessor
- Lot Dimensions: 19.00 x 63.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $245.39
- Assessment Year: 2024
- School Tax: $4,394
- City/TownTax: $3,452
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $560,600
- Tax Amount: $7,847
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 35
Listed by TCS Management, LLC, Moshe Adika
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Schools
Schools serving 128 Lombard St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
325 S 7th St, Philadelphia, PA 19106 | K-8 | 0.4 mi | |
550 N Broad St, Philadelphia, PA 19130 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 128 Lombard St
Date
Details
Price
Change
Source
11/14/2024
Price Reduced
$599,000
-4.16%
MLS
11/01/2024
Listed
$625,000
8.7%
MLS
11/29/2018
Sold
$575,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 128 Lombard St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,008
2%
$572,100
2%
2023
$7,847
40%
$560,600
100%
2021
$5,619
-28%
-100%
2022
$7,847
40%
$560,600
40%
2020
$5,619
1%
$401,400
1%
2019
$5,564
1%
$397,500
1%
2018
$5,497
1%
$392,700
1%
2017
$5,468
-21%
$390,600
-21%
2016
$6,928
4%
$494,900
—
2015
$6,632
—
$494,900
—
2014
$6,632
-39%
$494,900
343%
2013
$10,919
—
$111,744
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 128 Lombard St
128 Lombard Street, Philadelphia, PA 19147 (MLS# PAPH2415898) is a Retail property. 128 Lombard Street is currently listed for $599,000 and was received on November 01, 2024. Want to learn more about 128 Lombard Street? Do you have questions about finding other Retail real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.