Philadelphia, PA 19145,1615-17 MCKEAN ST
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Philadelphia, PA 19145,1615-17 MCKEAN ST
Philadelphia, PA 19145,1615-17 MCKEAN ST
Philadelphia, PA 19145,1615-17 MCKEAN ST
Philadelphia, PA 19145,1615-17 MCKEAN ST

$1,050,000

Est. payment /mo

$1,100,000

4.5%
Est.Price: ?

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1615-17 MCKEAN ST Philadelphia, PA 19145

4,946 SqFt

SOLD DATE : 12/15/2021

Key Details

Sold Price $1,050,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,946 sqft

Price per Sqft $212

Subdivision Newbold

MLS Listing ID PAPH2031342

Sold Date 12/15/21

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $3,663

Tax Year 2021

Lot Size 2,473 Sqft

Acres 0.06

Lot Dimensions 35.33 x 70.00

Property Description

Triple Mint Condition! 1615-17 McKean St offers a rare investment opportunity to own a pristinely kept, multi-use property in a prime Newbold location. Sits on a 35x70 corner lot, this nearly 5,000 SqFt clear span building has a well-established auto repair business on the first level, two 1 bed, 1 bath apartments on the second level. There are tons of great potential uses for this property including taking over the auto business (the equipment is available to purchase for $60k), reconfiguring the current layout, or redeveloping the site with new construction housing. Crescenzo's Auto Services is a third-generation, family ran business that has been a trusted fixture of the neighborhood for nearly a century! The repair shop features dual garage openings, an office, and a powder room. Upstairs, both apartments offer spacious layouts with large, open main living areas, in-unit laundry, and separate all-electric utility setups. These units have the opportunity to be renovated into loft-style apartments with +/-15ft high ceilings above the current drop ceiling and concrete style flooring under the carpets. The front unit is currently rented month-to-month with a long-term tenant. The rear unit lease ends in June of 2022. This meticulously maintained building has had many well-documented renovations and updates over the years including new carpet for both apartments, an updated bathroom with a new vanity for the front apartment, and new kitchen appliances, a new water heater, and fresh paint in the rear apartment. The roof was installed in 2019, by a well-qualified roofer, and had been issue free ever since. 1615-17 McKean’s spectacular Newbold location earns a Walk Score of 95! Essentials shopping can be done within a few blocks plus, nearby Passyunk Ave is lined with famous restaurants and friendly neighborhood stores. Getting around the city is made easy with the #2 bus traveling along 16th and 17th streets, and the #29, #37, #79, and the Broad Street Line all about a five-minute walk away. This great investment opportunity won’t last long. Schedule your tour today!

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning I2

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Wall Unit, Window Unit(s)

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882967890

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Michael R. McCann • KW Philly
Bought with Janet A. Porto • BHHS Fox & Roach-Center City Walnut

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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