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2201 N 5th Street, Philadelphia, PA 19133
$599,000
2201 N 5th Street, Philadelphia, PA 19133View this property at 2201 N 5th Street, Philadelphia, PA 19133
2201 N 5th StreetPhiladelphiaPA19133
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Property Description
$200,000 PRICE DROP- Introducing a remarkable mixed-use corner property nestled on a vibrant corner in the heart of Norris Square. This exceptional property presents a unique blend of possibilities that promise an enticing blend of contemporary living and thriving commercial potential. Elevating the concept of urban living, the upper-level apartment stands as a testament to meticulous maintenance and thoughtful updates. Boasting an air of sophistication, this expansive bi-level apartment offers residents a haven of comfort and style. With attention to detail evident in every corner, the apartment exudes modern appeal and convenience. Previously housing a reputable and thriving auto tags business, the lower level of the property offers a versatile space primed for entrepreneurial endeavors. This flexible layout provides an opportunity for a wide range of commercial ventures, from retail to office space, allowing one to capitalize on the dynamic economic landscape of the high traffic volume of the 5th St corridor. . This property is poised to anchor the corner of a burgeoning, up-and-coming neighborhood. Seizing this rare opportunity offers the chance to shape and contribute to the evolving character of the community for years to come. Situated on a high-traffic street, the property benefits from exceptional visibility and accessibility, ensuring a steady stream of foot traffic and potential customers. With a prime location in close proximity to a thriving economic marketplace, the potential for substantial returns is undeniable. This corner gem holds the promise of becoming a true cash cow, leveraging its strategic placement and robust footprint to generate a steady flow of income. The undoubted possibilities that this property have no limits. Let your imagination go wild. This is an attractive investment prospect for those seeking to make a mark on both the local landscape and their financial future. In summary, this mixed-use property represents a rare opportunity to own a corner piece of Philadelphia's urban fabric. With an impeccably maintained and updated apartment above and a commercial space below, it stands as a potential cash machine in a bustling and promising neighborhood. Embrace the endless potential this property presents and secure your place in the thriving heartbeat of Philadelphia's urban evolution.
Full Property Details
Full Property Details for 2201 N 5th St
General
- Price: $599,000
- Taxes: $2,515 (2023)
- Status: Active
- Type: Commercial
- MLS ID: PAPH2268454
- Updated: 3/27/2024
- Added to Site: 259 day(s) ago
Business
- Business Type: Flex
Parking
- Parking Type: None
Location
- Area: 19133 (19133)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: North on 5th from Girard
Heating & Cooling
- Cooling Type: Wall Unit
- Cooling Fuel: Electric
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Stories/Levels: 3
- Year Built: 1920
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 1,037
- Lot Size Source: Assessor
- Lot Dimensions: 18.00 x 58.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $255.98
- Assessment Year: 2023
- School Tax: $1,380
- City/TownTax: $1,135
- City/TownTax Freq: Annually
- Tax w/Assessment: $179,700
- Tax Amount: $2,515
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Lot Number: 410
Listed by Ergo Real Estate Company, Julian V Hinson
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Schools
Schools serving 2201 N 5th St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
2101 N Orkney St, Philadelphia, PA 19122 | K-8 | 0.1 mi | |
1901 N Front St, Philadelphia, PA 19122 | 9-12 | 0.6 mi | |
2463 Emerald St, Philadelphia, PA 19125 | 9-12 | 0.7 mi | |
2051 E. Cumberland Street, Philadelphia, PA 19125 | 9-12 | 0.8 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 2201 N 5th St
Date
Details
Price
Change
Source
3/27/2024
Price Reduced
$599,000
-25.03%
MLS
8/16/2023
Listed
$799,000
—
MLS
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 2201 N 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,515
85%
$179,700
100%
2021
$1,362
-46%
-100%
2022
$2,515
85%
$179,700
85%
2020
$1,362
1%
$97,300
1%
2019
$1,349
6%
$96,400
6%
2018
$1,274
-22%
$91,000
-22%
2017
$1,638
—
$117,000
—
2016
$1,638
4%
$117,000
—
2015
$1,568
—
$117,000
—
2014
$1,568
258%
$117,000
2512%
2013
$438
—
$4,480
—
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 2201 N 5th St
2201 N 5th Street, Philadelphia, PA 19133 (MLS# PAPH2268454) is a Commercial property. 2201 N 5th Street is currently listed for $599,000 and was received on August 16, 2023. Want to learn more about 2201 N 5th Street? Do you have questions about finding other Commercial real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.