5501 LANSDOWNE AVENUE, Philadelphia, Pennsylvania 19131 For Sale

For Sale
$350,000

5501 LANSDOWNE AVENUE, Philadelphia, Pennsylvania 19131

  • 0 Sqft
  • Built Year 1915

Description

Imagine a bustling corner property in West Philadelphia, brimming with potential. This isn't just a building, it's a blank canvas waiting for your vision. At a sprawling 4,191 square feet, the possibilities are endless. On the ground floor, a well-established barbershop thrives. With its dedicated waiting area, barber parlor, and storage space, it's a cornerstone of the community. However, with its CMX2 Zoning, there are lots of possibilities for the use of the space. Check out the City of Philadelphia Zoning Quick Guide pages 26-27 for more details. In the back, a one-bedroom apartment currently enjoys a month-to-month lease. Head upstairs and discover a vacant gem – a wide-open space on the second-floor front. This flexible area could be a two or three-bedroom unit, complete with its own kitchenette and full bathroom. In the rear, another one-bedroom unit offers steady income with a month-to-month lease. But the real showstopper is waiting for you on the third floor. Currently an unfinished shell, this vast space is a dream waiting to happen. Imagine transforming it into a luxurious multi-bedroom apartment, complete with a private rooftop patio offering breathtaking city views. Separate utilities for each unit keep things simple, and the extra-large basement with outside access hints at even more possibilities (verification recommended). Sure, the property needs some TLC, but that's the beauty of it. This is your chance to roll up your sleeves, unleash your creativity, and unlock the true potential of this West Philadelphia gem. With current rents below market value, there's room to grow your income. Plus, the convenient location near transportation, schools, and shopping ensures your tenants will love calling this place home. Are you a visionary investor or a savvy entrepreneur? If you're ready to turn potential into profit, schedule your showing today (with at least 24 hours' notice). This West Philadelphia property awaits your transformation. Buyer must confirm use. Don't miss out – all offers will be presented.

Basic Details

  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: PAPH2358884
  • Price: $350,000
  • Rooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1915
  • Lot Area: 0.05 Acre
  • Status: Active
  • PropertySubType: Five Or More Units

Address Map

  • Country US
  • State PA
  • County PHILADELPHIA
  • City Philadelphia
  • Neighborhood WEST PHILADELPHIA
  • Zipcode 19131
  • Neighborhood: WEST PHILADELPHIA
  • Street: LANSDOWNE
  • Street Number: 5501
  • Street Suffix: AVENUE
  • Floor Number: 0
  • Longitude: E0° 0' 0''
  • Latitude: N0° 0' 0''
  • Directions: Lansdowne Ave to 55th Street
  • MLSAreaMajor: 19131 (19131)

Features

  • Heating System : Forced Air, Hot Water, Radiator
TCS Group
Property

Compare Listings