Nicetown Real Estate

Nicetown Real Estate

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Newest Listings in Nicetown

$425,000
***Mixed-Use Contractor Yard & Income Property – Garage, Offices, Apartments & Secure Storage*** Exceptional mixed-use investment and owner-operator opportunity in the rapidly developing Hunting Park/Nicetown section of Philadelphia! Situated on a sizable parcel, 1725-27 W Cayuga Street offers a unique combination of income-producing residential units, functional commercial space, and a large secured contractor's yard that is nearly impossible to find within Philadelphia city limits. The commercial portion of the property is ideally suited for contractors, landscapers, tradesmen, transportation companies, storage users, or investors seeking a versatile asset. Features include an oversized garage with two 10-foot bay doors, 12-foot ceilings, a loading dock, four secured storage rooms/areas, a full basement utility and storage area, and two large office suites with bathrooms. These office spaces provide excellent operational flexibility and could potentially be converted into two additional residential units, subject to any required approvals. Outside, the expansive secured yard offers tremendous value with abundant space for equipment storage, materials, fleet vehicles, trailers, machinery, and contractor operations. Opportunities to acquire a property with this level of outdoor storage and parking capacity within the city are extremely rare. The residential component consists of three separate apartments providing immediate and future income potential. The second-floor two-bedroom, one-bath apartment features a spacious living room, kitchen, and bathroom and is occupied by a long-term month-to-month tenant paying $850 per month plus utilities. An additional one-bedroom, one-bath apartment is also occupied by a long-term month-to-month tenant paying $850 per month plus utilities. The first-floor one-bedroom apartment is currently vacant and consists of a living room, kitchen, bedroom, and bathroom, offering immediate leasing potential with projected rents of approximately $850-$900 per month. Two-bedroom units in the area command rents of approximately $1,200 per month, providing additional upside potential. Conveniently located with easy access to Center City Philadelphia, Temple University Hospital, Broad Street, Roosevelt Boulevard, Interstate 95, Route 1, and the Pennsylvania Turnpike, this property offers exceptional connectivity to both the city and surrounding suburbs. Public transportation, shopping, dining, schools, and employment centers are all nearby, making this an attractive location for both residential tenants and business operators. Whether you're seeking a headquarters for your contracting business, a live-work opportunity, additional storage and operational space, or a value-add investment with multiple income streams and future expansion potential, 1725-27 W Cayuga Street presents endless possibilities. A truly one-of-a-kind commercial and residential property offering flexibility, income, and long-term growth potential.

1725-27 W Cayuga St, Philadelphia

Listing courtesy of Better Homes Realty Group. Contact: 2159387800

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